CIBC Asset Management Inc Grows Stock Position in Equity Residential $EQR

CIBC Asset Management Inc increased its holdings in shares of Equity Residential (NYSE:EQR) by 70.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 82,649 shares of the real estate investment trust’s stock after buying an additional 34,079 shares during the quarter. CIBC Asset Management Inc’s holdings in Equity Residential were worth $5,210,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in EQR. Empowered Funds LLC raised its position in shares of 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 worth $536,000 after buying an additional 226 shares during the period. Cresset Asset Management LLC raised its position in shares of Equity Residential by 13.9% in the 2nd quarter. Cresset Asset Management LLC now owns 4,836 shares of the real estate investment trust’s stock worth $330,000 after buying an additional 590 shares during the period. Jump Financial LLC raised its position in shares of Equity Residential by 96.1% in the 2nd quarter. Jump Financial LLC now owns 11,300 shares of the real estate investment trust’s stock worth $763,000 after buying an additional 5,537 shares during the period. Federated Hermes Inc. purchased a new position in shares of Equity Residential in the 2nd quarter worth $100,000. Finally, Cerity Partners LLC raised its position in shares of Equity Residential by 170.7% in the 2nd quarter. Cerity Partners LLC now owns 20,646 shares of the real estate investment trust’s stock worth $1,393,000 after buying an additional 13,018 shares during the period. 92.68% of the stock is owned by hedge funds and other institutional investors.

Equity Residential Trading Up 0.5%

NYSE:EQR opened at $68.21 on Friday. The business’s 50-day moving average is $63.63 and its two-hundred day moving average is $62.39. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.18 and a quick ratio of 0.18. Equity Residential has a 12 month low of $57.57 and a 12 month high of $70.21. The firm has a market capitalization of $25.56 billion, a PE ratio of 27.29, a price-to-earnings-growth ratio of 5.41 and a beta of 0.75.

Equity Residential (NYSE:EQR) last released its quarterly earnings data 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 company 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 revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period last year, the business 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. Research analysts predict that Equity Residential will post 4.09 earnings per share for the current fiscal year.

Equity Residential Increases Dividend

The firm also recently announced 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 a boost from Equity Residential’s previous quarterly dividend of $0.69. This represents a $2.81 annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Monday, March 30th. Equity Residential’s payout ratio is 112.40%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on EQR. UBS Group increased their target price on Equity Residential from $71.00 to $73.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. Bank of America raised Equity Residential from a “neutral” rating to a “buy” rating and set a $76.00 price objective on the stock in a research report on Wednesday, May 27th. Nordea Equity Research raised Equity Residential to a “buy” rating in a research report on Wednesday, May 27th. Mizuho raised their price objective on Equity Residential from $65.00 to $66.00 and gave the company a “neutral” rating in a research report on Friday, March 6th. Finally, Wells Fargo & Company raised their price objective on Equity Residential from $62.00 to $64.00 and gave the company an “equal weight” rating in a research report on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat.com, Equity Residential currently has a consensus rating of “Moderate Buy” and an average target price of $69.90.

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.