SG Americas Securities LLC Trims Holdings in Equity Residential $EQR

SG Americas Securities LLC decreased its holdings in shares of Equity Residential (NYSE:EQR) by 4.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 422,890 shares of the real estate investment trust’s stock after selling 18,380 shares during the period. SG Americas Securities LLC owned 0.11% of Equity Residential worth $25,014,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of EQR. Norges Bank purchased a new position in shares of Equity Residential during the fourth quarter valued at approximately $2,201,674,000. State Street Corp lifted its stake in Equity Residential by 2.8% in the third quarter. State Street Corp now owns 24,922,935 shares of the real estate investment trust’s stock worth $1,630,103,000 after acquiring an additional 688,854 shares during the period. Geode Capital Management LLC lifted its stake in Equity Residential by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 10,258,275 shares of the real estate investment trust’s stock worth $644,412,000 after acquiring an additional 114,604 shares during the period. First Eagle Investment Management LLC boosted its holdings in Equity Residential by 0.5% in the fourth 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 acquiring an additional 44,127 shares in the last quarter. Finally, Cohen & Steers Inc. boosted its holdings in Equity Residential by 227.7% in the fourth quarter. Cohen & Steers Inc. now owns 7,405,502 shares of the real estate investment trust’s stock valued at $466,869,000 after acquiring an additional 5,145,442 shares in the last quarter. Hedge funds and other institutional investors own 92.68% of the company’s stock.

Analyst Upgrades and Downgrades

EQR has been the subject of several research reports. Jefferies Financial Group decreased their price objective on shares of Equity Residential from $65.00 to $64.00 and set a “hold” rating for the company in a report on Tuesday, April 14th. BMO Capital Markets boosted their price target on shares of Equity Residential from $68.00 to $75.00 and gave the company a “market perform” rating in a research report on Monday, June 8th. Mizuho increased their price target on shares of Equity Residential from $66.00 to $70.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 10th. Wells Fargo & Company upped their target price on Equity Residential from $62.00 to $64.00 and gave the stock an “equal weight” rating in a report on Thursday, April 23rd. Finally, Wall Street Zen cut Equity Residential from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and thirteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Equity Residential presently has a consensus rating of “Hold” and a consensus price target of $70.65.

Equity Residential Trading Up 0.7%

NYSE:EQR opened at $66.18 on Thursday. The firm has a market capitalization of $24.79 billion, a P/E ratio of 26.47, a PEG ratio of 5.22 and a beta of 0.75. 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 one year low of $57.57 and a one year high of $69.03. The company’s 50-day simple moving average is $65.21 and its 200 day simple moving average is $62.89.

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

Equity Residential Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Monday, June 29th will be paid a dividend of $0.7025 per share. The ex-dividend date is Monday, June 29th. This represents a $2.81 dividend on an annualized basis and a yield of 4.2%. Equity Residential’s payout ratio is presently 112.40%.

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.