Westpac Banking Corp Cuts Position in Equity Residential $EQR

Posted by Brian Himes on Jun 3rd, 2026

Westpac Banking Corp lessened its stake in Equity Residential (NYSE:EQR – Free Report) by 21.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 86,657 shares of the real estate investment trust’s stock after selling 24,203 shares during the quarter. Westpac Banking Corp’s holdings in Equity Residential were worth $5,463,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Collier Financial purchased a new position in shares of Equity Residential in the 3rd quarter valued at about $26,000. Fulcrum Asset Management LLP purchased a new position in shares of Equity Residential in the 3rd quarter valued at about $27,000. Rosenberg Matthew Hamilton increased its holdings in shares of Equity Residential by 69.2% in the 4th quarter. Rosenberg Matthew Hamilton now owns 440 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 180 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new position in shares of Equity Residential in the 3rd quarter valued at about $31,000. Finally, Hantz Financial Services Inc. increased its holdings in shares of Equity Residential by 434.7% in the 3rd quarter. Hantz Financial Services Inc. now owns 540 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 439 shares in the last quarter. Hedge funds and other institutional investors own 92.68% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Cantor Fitzgerald increased their price objective on shares of Equity Residential from $64.00 to $66.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. Piper Sandler reissued a “neutral” rating and issued a $72.00 price objective (down from $78.00) on shares of Equity Residential in a research note on Friday. Evercore increased their price objective on shares of Equity Residential from $67.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Jefferies Financial Group lowered their price objective on shares of Equity Residential from $65.00 to $64.00 and set a “hold” rating on the stock in a research note on Tuesday, April 14th. Finally, Royal Bank Of Canada increased their price objective on shares of Equity Residential from $67.00 to $69.00 and gave the company an “outperform” rating in a research note on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $69.90.

Get Our Latest Stock Analysis on Equity Residential

Equity Residential Trading Up 0.5%

NYSE EQR opened at $66.13 on Wednesday. Equity Residential has a one year low of $57.57 and a one year high of $70.21. The company’s 50 day moving average price is $62.93 and its 200 day moving average price is $62.20. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.18 and a current ratio of 0.18. The firm has a market capitalization of $24.78 billion, a price-to-earnings ratio of 26.45, a PEG ratio of 5.22 and a beta of 0.75.

Equity Residential (NYSE:EQR – Get Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.24 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.09). The business had revenue of $779.85 million during the quarter, compared to analysts’ expectations of $781.79 million. Equity Residential had a net margin of 30.63% and a return on equity of 8.57%. The company’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.95 EPS. Equity Residential has set its FY 2026 guidance at 4.020-4.140 EPS and its Q2 2026 guidance at 0.980-1.020 EPS. On average, sell-side analysts predict that Equity Residential will post 4.09 EPS for the current year.

Equity Residential Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Monday, March 30th were paid a dividend of $0.7025 per share. This is an increase from Equity Residential’s previous quarterly dividend of $0.69. This represents a $2.81 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date was Monday, March 30th. Equity Residential’s payout ratio is 112.40%.

About Equity Residential

(Free Report)

Equity Residential (NYSE: EQR) is a publicly traded real estate investment trust that acquires, develops, owns and operates rental apartment properties. Headquartered in Chicago, the company focuses on delivering professionally managed, market-rate apartment homes and related services to renters. Its operations cover a range of property types, including high-rise and mid-rise assets, with amenities and on-site management designed to support resident retention and occupancy.

The company’s core activities include property acquisitions, development and redevelopment, leasing, and day-to-day property management.