Oppenheimer & Co. Inc. Lowers Stock Position in Equity Residential $EQR

Oppenheimer & Co. Inc. trimmed its holdings in Equity Residential (NYSE:EQR) by 83.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,309 shares of the real estate investment trust’s stock after selling 35,611 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Equity Residential were worth $473,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of EQR. Rothschild Investment LLC raised its holdings in shares of Equity Residential by 6.8% in the second quarter. Rothschild Investment LLC now owns 2,841 shares of the real estate investment trust’s stock valued at $192,000 after buying an additional 182 shares during the last quarter. Cetera Investment Advisers increased its position in Equity Residential by 0.4% in the 2nd quarter. Cetera Investment Advisers now owns 48,030 shares of the real estate investment trust’s stock valued at $3,242,000 after acquiring an additional 183 shares during the period. CX Institutional raised its stake in Equity Residential by 6.1% during the 3rd quarter. CX Institutional now owns 3,274 shares of the real estate investment trust’s stock valued at $212,000 after acquiring an additional 189 shares during the last quarter. Louisiana State Employees Retirement System lifted its position in Equity Residential by 1.1% during the 3rd quarter. Louisiana State Employees Retirement System now owns 18,200 shares of the real estate investment trust’s stock worth $1,178,000 after acquiring an additional 200 shares during the period. Finally, Empowered Funds LLC grew its stake in shares of Equity Residential by 3.1% in the 1st quarter. Empowered Funds LLC now owns 7,489 shares of the real estate investment trust’s stock valued at $536,000 after purchasing an additional 226 shares during the last quarter. Institutional investors and hedge funds own 92.68% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on EQR shares. UBS Group increased their price objective on Equity Residential from $68.00 to $71.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th. JPMorgan Chase & Co. reduced their price objective on Equity Residential from $75.00 to $71.00 and set a “neutral” rating for the company in a report on Thursday, December 4th. Jefferies Financial Group lowered their target price on Equity Residential from $68.00 to $65.00 and set a “hold” rating on the stock in a report on Tuesday, November 11th. Evercore raised their price target on Equity Residential from $68.00 to $69.00 and gave the company an “outperform” rating in a research report on Monday, February 9th. Finally, Barclays reiterated an “overweight” rating and issued a $78.00 price objective on shares of Equity Residential in a research report on Tuesday, January 13th. Six equities research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $69.78.

Equity Residential Stock Down 0.6%

EQR opened at $63.46 on Wednesday. The firm has a market cap of $24.15 billion, a P/E ratio of 21.66, a PEG ratio of 4.80 and a beta of 0.76. The business’s fifty day simple moving average is $62.18 and its 200 day simple moving average is $62.57. Equity Residential has a 52 week low of $58.38 and a 52 week high of $75.86. The company has a quick ratio of 0.45, a current ratio of 0.31 and a debt-to-equity ratio of 0.73.

Equity Residential (NYSE:EQR) last released its earnings results on Thursday, February 5th. The real estate investment trust reported $1.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.01). The firm had revenue of $781.91 million during the quarter, compared to analysts’ expectations of $786.35 million. Equity Residential had a net margin of 36.20% and a return on equity of 9.98%. Equity Residential’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter last year, the company posted $1.00 earnings per share. Equity Residential has set its Q1 2026 guidance at 0.940-0.980 EPS and its FY 2026 guidance at 4.020-4.140 EPS. As a group, equities research analysts anticipate that Equity Residential will post 3.98 EPS for the current fiscal year.

Equity Residential Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Friday, January 2nd were given a dividend of $0.6925 per share. The ex-dividend date was Friday, January 2nd. This represents a $2.77 annualized dividend and a yield of 4.4%. Equity Residential’s dividend payout ratio is 94.54%.

Insiders Place Their Bets

In other news, COO Michael L. Manelis sold 5,765 shares of the company’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $65.13, for a total transaction of $375,474.45. Following the completion of the transaction, the chief operating officer owned 46,131 shares of the company’s stock, valued at $3,004,512.03. This represents a 11.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Robert Garechana sold 3,637 shares of the firm’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $65.13, for a total transaction of $236,877.81. Following the completion of the sale, the executive vice president directly owned 18,740 shares in the company, valued at $1,220,536.20. This represents a 16.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 10,058 shares of company stock valued at $655,078. Insiders own 1.00% of the company’s stock.

Equity Residential Company 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.