Equity Residential $EQR Shares Bought by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S lifted its stake in shares of Equity Residential (NYSE:EQR) by 113.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,350 shares of the real estate investment trust’s stock after acquiring an additional 17,182 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Equity Residential were worth $1,914,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Norges Bank purchased a new stake in Equity Residential in the fourth quarter valued at approximately $2,201,674,000. State Street Corp boosted 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 during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Equity Residential by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 10,258,275 shares of the real estate investment trust’s stock valued at $644,412,000 after purchasing an additional 114,604 shares during the last quarter. First Eagle Investment Management LLC grew its stake in shares of Equity Residential by 0.5% during 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 buying an additional 44,127 shares during the period. Finally, Cohen & Steers Inc. grew its stake in shares of Equity Residential by 227.7% during the 4th quarter. Cohen & Steers Inc. now owns 7,405,502 shares of the real estate investment trust’s stock valued at $466,869,000 after buying an additional 5,145,442 shares during the period. 92.68% of the stock is owned by institutional investors and hedge funds.

Equity Residential Stock Up 1.7%

Shares of Equity Residential stock opened at $65.81 on Wednesday. Equity Residential has a twelve month low of $57.57 and a twelve month high of $69.03. The stock has a market cap of $24.66 billion, a price-to-earnings ratio of 26.32, a price-to-earnings-growth ratio of 5.14 and a beta of 0.75. 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 company has a fifty day moving average price of $65.10 and a 200 day moving average price of $62.85.

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. Equities research analysts forecast that Equity Residential will post 4.09 earnings per share for the current fiscal year.

Equity Residential Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Monday, June 29th will be given a dividend of $0.7025 per share. The ex-dividend date of this dividend is Monday, June 29th. This represents a $2.81 annualized dividend and a yield of 4.3%. Equity Residential’s payout ratio is 112.40%.

Analyst Ratings Changes

Several brokerages recently weighed in on EQR. Truist Financial increased their target price on Equity Residential from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Tuesday, June 16th. Nordea Equity Research upgraded Equity Residential to a “buy” rating in a report on Wednesday, May 27th. Wall Street Zen lowered Equity Residential from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. Jefferies Financial Group decreased their target price on Equity Residential from $65.00 to $64.00 and set a “hold” rating for the company in a report on Tuesday, April 14th. Finally, Wolfe Research raised shares of Equity Residential from a “hold” rating to an “outperform” rating in a research report on Monday, June 1st. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and thirteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $70.65.

Equity Residential 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.