Is Overall Sentiment on Equity Residential Bearish?

This evening we watched Equity Residential drop -1.1% to a price of $58.17 per share. The large-cap Specialty Real Estate Investment Trust company is now trading -9.0% below its average target price of $63.92. Analysts have set target prices ranging from $57.0 to $75.0 per share for Equity Residential, and have given the stock an average rating of hold.

Equity Residential's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 2.1%. The stock's short ratio is 2.57. The company's insiders own 1.71% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.

Another number to watch is the company's rate of institutional share ownership, which now stands at 94.4%. In conclusion, we believe there is positive market sentiment regarding Equity Residential.

Institutions Invested in Equity Residential

Date Reported Holder Percentage Shares Value
2023-09-30 Vanguard Group Inc 15% 57,395,793 $3,338,713,173
2023-09-30 Blackrock Inc. 11% 40,693,584 $2,367,145,706
2022-12-31 Norges Bank Investment Management 8% 30,886,593 $1,796,673,058
2023-09-30 State Street Corporation 6% 24,479,424 $1,423,968,049
2023-09-30 Price (T.Rowe) Associates Inc 5% 19,696,719 $1,145,758,108
2023-09-30 Apg Asset Management US Inc. 3% 11,526,535 $670,498,519
2023-09-30 First Eagle Investment Management, LLC 2% 8,808,327 $512,380,365
2023-09-30 Resolution Capital Ltd 2% 8,439,800 $490,943,150
2023-09-30 Geode Capital Management, LLC 2% 8,205,727 $477,327,124
2023-09-30 Macquarie Group Limited 2% 7,063,292 $410,871,682
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.