EQUITY RESIDENTIAL (EQR)
Real Estate Investment Trusts
Latest Price
$66.45
TTM P/E
26.47
Normalized P/E
24.85
Div Yield
4.18%
Book Value
28.36
P/B Ratio
2.34
Valuation metrics
adjust assumptions →EPS: $2.94
Book value / share: $29.23
Formula: √(22.5 × EPS × BVPS)
Graham Number
$43.97
34% downside
Norm. op. income: $1.3B (median of 5yr)
Tax rate: 5%
Discount rate: 10%
Growth assumption: zero (EPV is a no-growth value)
Earnings Power Value
$11.48
83% downside
EPS: $2.94
Target P/E: 25×
Formula: EPS × P/E
P/E Fair Value
$73.50
+11% upside
Institutional Ownership
84.1% held by institutions| Institution | Shares | Value | Ownership % | Change | Filing Date |
|---|---|---|---|---|---|
| BlackRock, Inc. | 43.37M | $2.56B | 11.57% | +3.01M | 2026-03-31 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 31.20M | $1.84B | 8.33% | -- | 2026-03-31 |
| STATE STREET CORP | 24.10M | $1.44B | 6.43% | -438.1K | 2026-03-31 |
| VANGUARD CAPITAL MANAGEMENT LLC | 22.84M | $1.35B | 6.10% | -- | 2026-03-31 |
| PRICE T ROWE ASSOCIATES INC /MD/ | 18.27M | $1.08B | 4.88% | -628.1K | 2026-03-31 |
| APG Asset Management US Inc. | 10.86M | $646.0M | 2.90% | -489.5K | 2026-03-31 |
| GEODE CAPITAL MANAGEMENT, LLC | 10.56M | $622.0M | 2.82% | +298.6K | 2026-03-31 |
| First Eagle Investment Management, LLC | 9.47M | $560.0M | 2.53% | +227.7K | 2026-03-31 |
| FMR LLC | 6.73M | $398.0M | 1.80% | -966.0K | 2026-03-31 |
| COHEN & STEERS, INC. | 6.45M | $381.0M | 1.72% | -954.1K | 2026-03-31 |