Fairtree Asset Management Pty Ltd Makes New $492,000 Investment in Equity Residential $EQR

Fairtree Asset Management Pty Ltd acquired a new position in shares of Equity Residential (NYSE:EQR) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 7,798 shares of the real estate investment trust’s stock, valued at approximately $492,000.

A number of other large investors have also recently made changes to their positions in EQR. Vanguard Group Inc. lifted its holdings in shares of Equity Residential by 2.3% during the third quarter. Vanguard Group Inc. now owns 57,597,658 shares of the real estate investment trust’s stock worth $3,728,296,000 after purchasing an additional 1,281,354 shares during the period. Baillie Gifford & Co. lifted its stake in Equity Residential by 566.7% during 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 acquiring an additional 97,906 shares during the period. Aberdeen Group plc boosted its holdings 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 acquiring an additional 146,148 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new stake in shares of Equity Residential in the third quarter worth $9,094,000. Finally, National Pension Service raised its holdings in shares of Equity Residential by 4.6% during the third quarter. National Pension Service now owns 605,494 shares of the real estate investment trust’s stock worth $39,194,000 after purchasing an additional 26,590 shares during the last quarter. 92.68% of the stock is owned by hedge funds and other institutional investors.

Equity Residential Price Performance

Shares of NYSE EQR opened at $65.65 on Wednesday. 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 fifty day moving average of $61.92 and a 200 day moving average of $61.78. The firm has a market cap of $24.60 billion, a PE ratio of 26.26, a PEG ratio of 5.19 and a beta of 0.76. Equity Residential has a one year low of $57.57 and a one year high of $71.39.

Equity Residential (NYSE:EQR) last announced its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.09). Equity Residential had a net margin of 30.63% and a return on equity of 8.57%. The company had revenue of $779.85 million during the quarter, compared to analyst estimates of $781.79 million. During the same quarter last year, the business earned $0.95 EPS. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. 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, research analysts predict that Equity Residential will post 4.09 EPS for the current fiscal year.

Equity Residential Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Monday, March 30th were paid a $0.7025 dividend. The ex-dividend date of this dividend was Monday, March 30th. This represents a $2.81 annualized dividend and a yield of 4.3%. This is an increase from Equity Residential’s previous quarterly dividend of $0.69. Equity Residential’s dividend payout ratio is currently 112.40%.

Analyst Ratings Changes

Several equities research analysts have weighed in on EQR shares. JPMorgan Chase & Co. increased their price target on Equity Residential from $71.00 to $72.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. UBS Group lifted their price target on Equity Residential from $71.00 to $73.00 and gave the company a “buy” rating in a research report on Thursday, May 14th. Argus set a $70.00 price objective on Equity Residential in a research report on Thursday, March 12th. Morgan Stanley raised shares of Equity Residential from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $72.00 to $74.00 in a report on Thursday, March 26th. Finally, The Goldman Sachs Group lowered their price target 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. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat.com, Equity Residential currently has an average rating of “Hold” and a consensus price target of $70.11.

About Equity Residential

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.