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

Bank of New York Mellon Corp trimmed its stake in shares of Equity Residential (NYSE:EQR) by 4.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,109,678 shares of the real estate investment trust’s stock after selling 87,834 shares during the quarter. Bank of New York Mellon Corp’s holdings in Equity Residential were worth $132,994,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Collier Financial acquired a new stake in shares of Equity Residential in the 3rd quarter valued at approximately $26,000. Fulcrum Asset Management LLP acquired a new position in shares of Equity Residential during the third quarter worth about $27,000. Rosenberg Matthew Hamilton lifted its stake in shares of Equity Residential by 69.2% during the fourth quarter. Rosenberg Matthew Hamilton now owns 440 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 180 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in shares of Equity Residential during the third quarter worth about $31,000. Finally, Hantz Financial Services Inc. lifted its stake in shares of Equity Residential by 434.7% during the third quarter. Hantz Financial Services Inc. now owns 540 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 439 shares in the last quarter. 92.68% of the stock is owned by institutional investors and hedge funds.

Equity Residential Stock Up 0.5%

NYSE:EQR opened at $68.21 on Friday. 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. The stock has a 50 day moving average of $63.63 and a 200-day moving average of $62.39. Equity Residential has a 52 week low of $57.57 and a 52 week high of $70.21. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.77.

Equity Residential (NYSE:EQR) last posted its earnings results 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 for the quarter, compared to the consensus estimate 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 for the quarter was up 2.5% compared to the same quarter last year. During the same period last year, the company posted $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. Analysts predict that Equity Residential will post 4.09 EPS for the current year.

Equity Residential Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Monday, March 30th were issued a dividend of $0.7025 per share. This represents a $2.81 annualized dividend and a dividend yield of 4.1%. This is a boost from Equity Residential’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend was Monday, March 30th. Equity Residential’s dividend payout ratio is currently 112.40%.

Wall Street Analyst Weigh In

A number of research analysts have commented on EQR shares. Morgan Stanley upgraded Equity Residential from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $72.00 to $74.00 in a research note on Thursday, March 26th. Mizuho lifted their target price on Equity Residential from $65.00 to $66.00 and gave the stock a “neutral” rating in a research report on Friday, March 6th. Cantor Fitzgerald boosted 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. Weiss Ratings reissued a “hold (c)” rating on shares of Equity Residential in a report on Tuesday, April 21st. Finally, Evercore boosted their price objective on Equity Residential from $67.00 to $70.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $69.90.

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.