Azzad Asset Management Inc. ADV Sells 8,419 Shares of Equity Residential $EQR

Azzad Asset Management Inc. ADV cut its holdings in Equity Residential (NYSE:EQR) by 17.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,196 shares of the real estate investment trust’s stock after selling 8,419 shares during the quarter. Azzad Asset Management Inc. ADV’s holdings in Equity Residential were worth $2,318,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Empowered Funds LLC grew its holdings in Equity Residential by 3.1% in the first quarter. Empowered Funds LLC now owns 7,489 shares of the real estate investment trust’s stock worth $536,000 after purchasing an additional 226 shares during the period. Cresset Asset Management LLC lifted its holdings in shares of Equity Residential by 13.9% during the second quarter. Cresset Asset Management LLC now owns 4,836 shares of the real estate investment trust’s stock valued at $330,000 after purchasing an additional 590 shares during the last quarter. Jump Financial LLC boosted 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 purchasing an additional 5,537 shares in the last quarter. Federated Hermes Inc. bought a new stake in shares of Equity Residential in the 2nd quarter worth approximately $100,000. Finally, Cerity Partners LLC grew its stake 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 last quarter. 92.68% of the stock is currently owned by institutional investors.

Equity Residential Stock Performance

Shares of EQR opened at $68.72 on Friday. The company has a market cap of $25.75 billion, a price-to-earnings ratio of 27.49, a P/E/G ratio of 5.41 and a beta of 0.74. The business’s fifty day simple moving average is $66.69 and its two-hundred day simple moving average is $63.52. Equity Residential has a 12 month low of $57.57 and a 12 month high of $71.50. 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 announced its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.24 earnings per share (EPS) 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 previous year, the company earned $0.95 earnings per share. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. 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 anticipate that Equity Residential will post 4.09 earnings per share for the current fiscal year.

Equity Residential Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Monday, June 29th were issued a dividend of $0.7025 per share. This represents a $2.81 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Monday, June 29th. Equity Residential’s dividend payout ratio (DPR) is presently 112.40%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. BNP Paribas Exane raised their price objective on Equity Residential from $68.00 to $70.00 and gave the company a “neutral” rating in a research report on Monday, May 18th. Wells Fargo & Company increased their target price on Equity Residential from $62.00 to $64.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 23rd. Evercore raised their price target on Equity Residential from $70.00 to $71.00 in a report on Monday, June 8th. Royal Bank Of Canada cut shares of Equity Residential from an “outperform” rating to a “sector perform” rating and upped their price target for the stock from $69.00 to $70.00 in a research note on Monday, June 8th. Finally, The Goldman Sachs Group cut their price objective on shares of Equity Residential from $71.00 to $69.00 and set a “neutral” rating on the stock in a research report on Thursday, April 16th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and thirteen have given a Hold rating to the stock. According to MarketBeat.com, Equity Residential currently has an average rating of “Hold” and an average price target of $70.80.

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.