Equity Residential (EQR)
Equity Residential (EQR) is a leading publicly traded real estate investment trust (REIT) focused on the acquisition, development, and management of high-quality apartment communities. With a strong portfolio strategically located in top urban and suburban markets across the United States, the company aims to capitalize on demographic trends driving rental demand. Equity Residential is committed to delivering long-term value to its shareholders through operational excellence, sustainable practices, and a commitment to enhancing tenant experiences, positioning itself as a key player in the national multifamily housing sector.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is decreasing.
- The decline rate of the primary trend is 12.22% per annum.
- EQR price at the close of December 5, 2025 was $61.06 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 20.98% per annum.
- EQR price at the close of December 5, 2025 was inside the secondary price channel.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of EQR price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: August 28, 2024
End date: December 5, 2025
a = 4.7739
b = -0.0004
s = 0.0284
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0004) – 1
= -12.22%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0284) – 1
= 12.02%
August 28, 2024 calculations
Top border of price channel:
Exp(Y936)
= Exp(a + b × X936 + 2 × s)
= Exp(a + b × 1,360 + 2 × s)
= Exp(4.7739 + -0.0004 × 1,360 + 2 × 0.0284)
= Exp(4.3452)
= $77.11
Bottom border of price channel:
Exp(Y936)
= Exp(a + b × X936 – 2 × s)
= Exp(a + b × 1,360 – 2 × s)
= Exp(4.7739 + -0.0004 × 1,360 – 2 × 0.0284)
= Exp(4.2317)
= $68.84
December 5, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(4.7739 + -0.0004 × 1,824 + 2 × 0.0284)
= Exp(4.1796)
= $65.34
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(4.7739 + -0.0004 × 1,824 – 2 × 0.0284)
= Exp(4.0661)
= $58.33
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 12.22% per annum.
- EQR price at the close of December 5, 2025 was $61.06 and was inside the primary price channel.
Secondary Trend
Start date: April 29, 2025
End date: December 5, 2025
a = 5.2726
b = -0.0006
s = 0.0208
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0006) – 1
= -20.98%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0208) – 1
= 8.67%
April 29, 2025 calculations
Top border of price channel:
Exp(Y1,102)
= Exp(a + b × X1,102 + 2 × s)
= Exp(a + b × 1,604 + 2 × s)
= Exp(5.2726 + -0.0006 × 1,604 + 2 × 0.0208)
= Exp(4.2795)
= $72.21
Bottom border of price channel:
Exp(Y1,102)
= Exp(a + b × X1,102 – 2 × s)
= Exp(a + b × 1,604 – 2 × s)
= Exp(5.2726 + -0.0006 × 1,604 – 2 × 0.0208)
= Exp(4.1964)
= $66.45
December 5, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(5.2726 + -0.0006 × 1,824 + 2 × 0.0208)
= Exp(4.1376)
= $62.65
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(5.2726 + -0.0006 × 1,824 – 2 × 0.0208)
= Exp(4.0545)
= $57.66
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 20.98% per annum.
- EQR price at the close of December 5, 2025 was inside the secondary price channel.