Analyzing the Decline in Equity Residential Stock Today

This afternoon we watched Equity Residential drop -1.8% to a price of $61.69 per share. The Large-Cap Specialty Real Estate Investment Trust company is now trading -6.07% below its average target price of $65.68. Analysts have set target prices ranging from $61.0 to $73.0 per share for Equity Residential, and have given the stock an average rating of hold.

The stock has an average amount of shares sold short at 2.0%, and a short ratio of 2.78. The company's insiders own 1.8% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 95.2% of Equity Residential's shares being owned by this investor type.

Institutions Invested in Equity Residential

Date Reported Holder Percentage Shares Value
2023-12-31 Vanguard Group Inc 15% 56,940,137 $3,512,636,973
2023-12-31 Blackrock Inc. 11% 41,535,847 $2,562,346,344
2023-12-31 Norges Bank Investment Management 9% 35,045,588 $2,161,962,275
2023-12-31 State Street Corporation 7% 25,179,988 $1,553,353,425
2023-12-31 Price (T.Rowe) Associates Inc 5% 19,886,439 $1,226,794,394
2023-12-31 Apg Asset Management US Inc. 3% 11,598,251 $715,496,088
2023-12-31 First Eagle Investment Management, LLC 2% 9,325,268 $575,275,770
2023-12-31 JP Morgan Chase & Company 2% 9,262,762 $571,419,775
2023-12-31 Geode Capital Management, LLC 2% 8,385,008 $517,271,132
2023-12-31 Legal & General Group PLC 2% 6,185,220 $381,566,213

Besides an analyst consensus of some upside potential, other market factors point to there being positive market sentiment on Equity Residential.

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.