Andra AP fonden Decreases Stake in Equity Residential $EQR

Andra AP fonden cut its holdings in Equity Residential (NYSE:EQR) by 38.4% in the 1st quarter, Holdings Channel reports. The institutional investor owned 98,900 shares of the real estate investment trust’s stock after selling 61,600 shares during the period. Andra AP fonden’s holdings in Equity Residential were worth $5,850,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Fulcrum Asset Management LLP purchased a new stake in Equity Residential during the 3rd quarter worth about $27,000. Zions Bancorporation National Association UT lifted its holdings in shares of Equity Residential by 375.2% in the fourth quarter. Zions Bancorporation National Association UT now owns 480 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 379 shares in the last quarter. DV Equities LLC bought a new position in Equity Residential in the 4th quarter valued at $30,000. Harvest Fund Management Co. Ltd bought a new stake in Equity Residential during the third quarter valued at $31,000. Finally, Leonteq Securities AG increased its stake 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 worth $32,000 after acquiring an additional 180 shares during the last quarter. 92.68% of the stock is currently owned by hedge funds and other institutional investors.

Equity Residential Trading Down 0.1%

Shares of NYSE EQR opened at $68.20 on Thursday. Equity Residential has a 1 year low of $57.57 and a 1 year high of $71.50. 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 stock has a market cap of $25.57 billion, a P/E ratio of 27.28, a price-to-earnings-growth ratio of 5.42 and a beta of 0.74. The firm has a 50-day moving average of $67.16 and a 200 day moving average of $63.86.

Equity Residential (NYSE:EQR) last released 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 during the quarter, compared to the consensus estimate of $781.79 million. Equity Residential had a return on equity of 8.57% and a net margin of 30.63%.The company’s revenue was up 2.5% compared to the same quarter last year. During the same period last year, the firm 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. As a group, sell-side analysts expect that Equity Residential will post 4.09 EPS for the current fiscal year.

Equity Residential Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts have issued reports on EQR shares. Mizuho lifted their target price on shares of Equity Residential from $66.00 to $70.00 and gave the company a “neutral” rating in a research report on Wednesday, June 10th. Truist Financial raised their price target on Equity Residential from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Tuesday, June 16th. Scotiabank lifted their price target on Equity Residential from $67.00 to $70.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 9th. Wells Fargo & Company raised their price target on shares of Equity Residential from $62.00 to $64.00 and gave the stock an “equal weight” rating in a report on Thursday, April 23rd. Finally, Stifel Nicolaus raised their target price on Equity Residential from $78.25 to $79.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and fourteen have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $71.40.

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.