Equity Residential $EQR Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp reduced its stake in Equity Residential (NYSE:EQR) by 2.8% in the 1st quarter, Holdings Channel reports. The institutional investor owned 2,051,626 shares of the real estate investment trust’s stock after selling 58,052 shares during the period. Bank of New York Mellon Corp’s holdings in Equity Residential were worth $121,354,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of EQR. Fulcrum Asset Management LLP purchased a new position in shares of Equity Residential during the 3rd quarter worth $27,000. Zions Bancorporation National Association UT increased its position in Equity Residential by 375.2% during the fourth quarter. Zions Bancorporation National Association UT now owns 480 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 379 shares during the last quarter. DV Equities LLC acquired a new stake in Equity Residential during the fourth quarter worth about $30,000. Harvest Fund Management Co. Ltd purchased a new position in Equity Residential during the third quarter worth about $31,000. Finally, Leonteq Securities AG boosted its holdings in Equity Residential by 48.8% in the 1st quarter. Leonteq Securities AG now owns 549 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 180 shares during the last quarter. 92.68% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on EQR. UBS Group increased their price target on shares of Equity Residential from $71.00 to $73.00 and gave the company a “buy” rating in a research note on Thursday, May 14th. Weiss Ratings lowered shares of Equity Residential from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday. Cantor Fitzgerald upped their price objective on Equity Residential from $64.00 to $66.00 and gave the company a “neutral” rating in a report on Monday, May 4th. Barclays reiterated an “equal weight” rating and issued a $76.00 price objective on shares of Equity Residential in a research report on Tuesday, July 14th. Finally, BNP Paribas Exane raised their target price on Equity Residential from $68.00 to $70.00 and gave the stock a “neutral” rating in a research note on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and fourteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $70.80.

Equity Residential Stock Down 0.0%

Shares of NYSE:EQR opened at $68.99 on Monday. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.18 and a quick ratio of 0.18. The firm has a market capitalization of $25.86 billion, a PE ratio of 27.59, a price-to-earnings-growth ratio of 5.48 and a beta of 0.74. The firm’s 50-day moving average is $67.02 and its two-hundred day moving average is $63.75. Equity Residential has a 1 year low of $57.57 and a 1 year high of $71.50.

Equity Residential (NYSE:EQR) last posted 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 business 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 in the previous year, the business posted $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 predict that Equity Residential will post 4.09 EPS for the current year.

Equity Residential Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Monday, June 29th were paid a $0.7025 dividend. The ex-dividend date was Monday, June 29th. This represents a $2.81 annualized dividend and a dividend yield of 4.1%. Equity Residential’s payout ratio is 112.40%.

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.