Resona Asset Management Co. Ltd. reduced its holdings in Equity Residential (NYSE:EQR – Free Report) by 4.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 200,681 shares of the real estate investment trust’s stock after selling 8,933 shares during the quarter. Resona Asset Management Co. Ltd. owned about 0.05% of Equity Residential worth $12,687,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the company. Rosenberg Matthew Hamilton increased its stake in 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. Summitry LLC increased its stake in Equity Residential by 6.3% in the 3rd quarter. Summitry LLC now owns 3,193 shares of the real estate investment trust’s stock valued at $207,000 after purchasing an additional 189 shares in the last quarter. MAI Capital Management increased its stake in Equity Residential by 5.4% in the 3rd quarter. MAI Capital Management now owns 3,933 shares of the real estate investment trust’s stock valued at $255,000 after purchasing an additional 202 shares in the last quarter. CI Investments Inc. increased its stake in Equity Residential by 0.6% in the 3rd quarter. CI Investments Inc. now owns 37,510 shares of the real estate investment trust’s stock valued at $2,428,000 after purchasing an additional 211 shares in the last quarter. Finally, Empowered Funds LLC increased its stake in Equity Residential by 3.1% in the 1st quarter. Empowered Funds LLC now owns 7,489 shares of the real estate investment trust’s stock valued at $536,000 after purchasing an additional 226 shares in the last quarter. 92.68% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research firms recently weighed in on EQR. BNP Paribas Exane raised their price objective on Equity Residential from $68.00 to $70.00 and gave the company a “neutral” rating in a research note on Monday. Cantor Fitzgerald raised their price objective on Equity Residential from $64.00 to $66.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. Argus set a $70.00 price objective on Equity Residential in a research note on Thursday, March 12th. JPMorgan Chase & Co. raised their price objective on Equity Residential from $71.00 to $72.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. Finally, Royal Bank Of Canada raised their price objective on 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, seven have issued a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat, Equity Residential has a consensus rating of “Hold” and an average price target of $70.11.
Equity Residential Stock Performance
Equity Residential stock opened at $66.21 on Thursday. 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 stock has a fifty day moving average of $62.00 and a two-hundred day moving average of $61.82. The company has a market capitalization of $24.81 billion, a price-to-earnings ratio of 26.49, a PEG ratio of 5.22 and a beta of 0.76. Equity Residential has a fifty-two week low of $57.57 and a fifty-two week high of $70.97.
Equity Residential (NYSE:EQR – Get Free Report) last released its quarterly 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 company had revenue of $779.85 million for the quarter, compared to analysts’ expectations of $781.79 million. Equity Residential had a return on equity of 8.57% and a net margin of 30.63%.The business’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period 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, analysts anticipate that Equity Residential will post 4.09 EPS for the current fiscal year.
Equity Residential Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Monday, March 30th were given a dividend of $0.7025 per share. The ex-dividend date of this dividend was Monday, March 30th. This is a positive change from Equity Residential’s previous quarterly dividend of $0.69. This represents a $2.81 annualized dividend and a yield of 4.2%. Equity Residential’s dividend payout ratio (DPR) is 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.
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