Allstate Corp Boosts Holdings in Equity Residential $EQR

Allstate Corp increased its stake in shares of Equity Residential (NYSE:EQR) by 129.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 55,158 shares of the real estate investment trust’s stock after purchasing an additional 31,087 shares during the period. Allstate Corp’s holdings in Equity Residential were worth $3,477,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in EQR. Vanguard Group Inc. lifted its holdings in 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 worth $3,728,296,000 after buying an additional 1,281,354 shares in the last quarter. State Street Corp raised its holdings in shares of Equity Residential by 2.8% in the 3rd quarter. State Street Corp now owns 24,922,935 shares of the real estate investment trust’s stock valued at $1,630,103,000 after purchasing an additional 688,854 shares in the last quarter. First Eagle Investment Management LLC raised its holdings in shares of Equity Residential by 0.5% in the 4th quarter. First Eagle Investment Management LLC now owns 9,242,013 shares of the real estate investment trust’s stock valued at $582,617,000 after purchasing an additional 44,127 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Equity Residential by 0.6% in the 3rd quarter. Northern Trust Corp now owns 6,231,961 shares of the real estate investment trust’s stock valued at $403,395,000 after purchasing an additional 34,625 shares in the last quarter. Finally, Legal & General Group Plc raised its holdings in shares of Equity Residential by 3.5% in the 4th quarter. Legal & General Group Plc now owns 5,223,500 shares of the real estate investment trust’s stock valued at $329,289,000 after purchasing an additional 178,057 shares in the last quarter. Hedge funds and other institutional investors own 92.68% of the company’s stock.

Equity Residential Trading Up 0.8%

Shares of Equity Residential stock opened at $66.64 on Thursday. Equity Residential has a 1 year low of $57.57 and a 1 year high of $70.31. 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 company has a market capitalization of $24.97 billion, a P/E ratio of 26.65 and a beta of 0.76. The company’s fifty day moving average is $62.58 and its two-hundred day moving average is $62.07.

Equity Residential (NYSE:EQR) last issued 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 analysts’ expectations of $781.79 million. Equity Residential had a net margin of 30.63% and a return on equity of 8.57%. The firm’s revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the firm earned $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. Analysts forecast that Equity Residential will post 4.09 earnings per share for the current year.

Equity Residential Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Monday, March 30th were issued a $0.7025 dividend. 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 dividend yield of 4.2%. Equity Residential’s payout ratio is presently 112.40%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on EQR shares. Jefferies Financial Group reduced their price objective on shares of Equity Residential from $65.00 to $64.00 and set a “hold” rating on the stock in a report on Tuesday, April 14th. Royal Bank Of Canada lifted their price target on shares of Equity Residential from $67.00 to $69.00 and gave the stock an “outperform” rating in a research note on Thursday, April 30th. Scotiabank lifted their price target on shares of Equity Residential from $66.00 to $67.00 and gave the stock a “sector perform” rating in a research note on Wednesday, March 4th. UBS Group lifted their price target on shares of Equity Residential from $71.00 to $73.00 and gave the stock a “buy” rating in a research note on Thursday, May 14th. Finally, Piper Sandler reiterated an “overweight” rating on shares of Equity Residential in a research note on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat, Equity Residential presently has an average rating of “Moderate Buy” and a consensus target price of $70.20.

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.