Equity Residential $EQR Holdings Trimmed by Clearbridge Investments LLC

Clearbridge Investments LLC trimmed its position in shares of Equity Residential (NYSE:EQR) by 15.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 259,264 shares of the real estate investment trust’s stock after selling 48,651 shares during the period. Clearbridge Investments LLC’s holdings in Equity Residential were worth $16,344,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of EQR. Vanguard Group Inc. raised its holdings in Equity Residential by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 57,597,658 shares of the real estate investment trust’s stock worth $3,728,296,000 after purchasing an additional 1,281,354 shares during the last quarter. Aberdeen Group plc boosted its stake in Equity Residential by 34.6% in the third quarter. Aberdeen Group plc now owns 568,408 shares of the real estate investment trust’s stock valued at $36,446,000 after acquiring an additional 146,148 shares during the last quarter. CIBC Bancorp USA Inc. bought a new position in Equity Residential in the third quarter valued at approximately $9,094,000. Caprock Group LLC bought a new stake in Equity Residential in the third quarter valued at about $4,232,000. Finally, Pensionfund Sabic bought a new stake in Equity Residential in the fourth quarter valued at about $1,567,000. 92.68% of the stock is owned by hedge funds and other institutional investors.

Equity Residential Stock Performance

NYSE EQR opened at $67.57 on Thursday. Equity Residential has a 1 year low of $57.57 and a 1 year 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. The firm has a market capitalization of $25.32 billion, a P/E ratio of 27.03, a price-to-earnings-growth ratio of 5.39 and a beta of 0.75. The firm’s fifty day moving average price is $64.15 and its two-hundred day moving average price is $62.59.

Equity Residential (NYSE:EQR) last posted its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.09). Equity Residential had a return on equity of 8.57% and a net margin of 30.63%.The business had revenue of $779.85 million for the quarter, compared to the consensus estimate of $781.79 million. During the same quarter in the previous year, the business posted $0.95 EPS. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. 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, research analysts anticipate that Equity Residential will post 4.09 EPS for the current year.

Equity Residential Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Monday, March 30th were given a $0.7025 dividend. The ex-dividend date of this dividend was Monday, March 30th. This is a boost from Equity Residential’s previous quarterly dividend of $0.69. This represents a $2.81 dividend on an annualized basis and a dividend yield of 4.2%. Equity Residential’s dividend payout ratio (DPR) is presently 112.40%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Equity Residential in a research note on Tuesday, April 21st. Royal Bank Of Canada cut Equity Residential from an “outperform” rating to a “sector perform” rating and lifted their price objective for the company from $69.00 to $70.00 in a report on Monday. Piper Sandler reiterated a “neutral” rating and set a $72.00 price objective (down from $78.00) on shares of Equity Residential in a report on Friday, May 29th. Argus set a $70.00 price objective on shares of Equity Residential in a research report on Thursday, March 12th. Finally, Wells Fargo & Company increased their price objective on shares of Equity Residential from $62.00 to $64.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 23rd. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and thirteen have assigned a Hold rating to the stock. According to MarketBeat.com, Equity Residential has an average rating of “Hold” and a consensus target price of $70.55.

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.