Fairtree Asset Management Pty Ltd acquired a new position in shares of Equity Residential (NYSE:EQR – Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 7,798 shares of the real estate investment trust’s stock, valued at approximately $492,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Equity Residential by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 57,597,658 shares of the real estate investment trust’s stock valued at $3,728,296,000 after acquiring an additional 1,281,354 shares during the last quarter. Baillie Gifford & Co. boosted its holdings in Equity Residential by 566.7% in the 3rd quarter. Baillie Gifford & Co. now owns 115,181 shares of the real estate investment trust’s stock valued at $7,456,000 after purchasing an additional 97,906 shares during the last quarter. Aberdeen Group plc grew its stake in shares of Equity Residential by 34.6% in the 3rd quarter. Aberdeen Group plc now owns 568,408 shares of the real estate investment trust’s stock valued at $36,446,000 after buying an additional 146,148 shares during the period. CIBC Bancorp USA Inc. acquired a new stake in shares of Equity Residential during the 3rd quarter worth approximately $9,094,000. Finally, National Pension Service raised its position in shares of Equity Residential by 4.6% during the 3rd quarter. National Pension Service now owns 605,494 shares of the real estate investment trust’s stock valued at $39,194,000 after buying an additional 26,590 shares during the period. 92.68% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on the company. Morgan Stanley upgraded Equity Residential from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $72.00 to $74.00 in a research report on Thursday, March 26th. Cantor Fitzgerald raised their price objective on Equity Residential from $64.00 to $66.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. The Goldman Sachs Group reduced their price objective on shares of Equity Residential from $71.00 to $69.00 and set a “neutral” rating on the stock in a report on Thursday, April 16th. Deutsche Bank Aktiengesellschaft cut shares of Equity Residential from a “buy” rating to a “hold” rating and set a $63.00 target price on the stock. in a research report on Tuesday, January 20th. Finally, Wall Street Zen cut shares of Equity Residential from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat, Equity Residential has a consensus rating of “Hold” and an average price target of $70.11.
Equity Residential Price Performance
EQR opened at $65.65 on Wednesday. The stock’s 50-day moving average price is $61.92 and its 200 day moving average price is $61.78. Equity Residential has a 12-month low of $57.57 and a 12-month high of $71.39. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.77. The firm has a market cap of $24.60 billion, a price-to-earnings ratio of 26.26, a PEG ratio of 5.19 and a beta of 0.76.
Equity Residential (NYSE:EQR – Get Free Report) last released its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.09). The firm had revenue of $779.85 million during the quarter, compared to analyst estimates of $781.79 million. Equity Residential had a net margin of 30.63% and a return on equity of 8.57%. The business’s revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.95 earnings per share. 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. As a group, sell-side analysts expect that Equity Residential will post 4.09 earnings per share for the current year.
Equity Residential Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Monday, March 30th were issued a $0.7025 dividend. This represents a $2.81 dividend on an annualized basis and a dividend yield of 4.3%. This is an increase from Equity Residential’s previous quarterly dividend of $0.69. The ex-dividend date was Monday, March 30th. Equity Residential’s dividend payout ratio (DPR) is presently 112.40%.
Equity Residential Company Profile
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.
Read More
- Five stocks we like better than Equity Residential
- HIVE Weaponizes Power for an AI Pivot
- A Deep Dive Into NVIDIA’s Latest Portfolio Moves
- Brady Corp Wires Up a Massive AI-Powered Breakout
- Why Home Depot’s Sell-Off Could Become a Huge Opportunity
Want to see what other hedge funds are holding EQR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Equity Residential (NYSE:EQR – Free Report).
Receive News & Ratings for Equity Residential Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equity Residential and related companies with MarketBeat.com's FREE daily email newsletter.
