Equity Residential $EQR Position Cut by Sterling Capital Management LLC

Sterling Capital Management LLC lowered its position in shares of Equity Residential (NYSE:EQR) by 43.1% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 12,766 shares of the real estate investment trust’s stock after selling 9,688 shares during the period. Sterling Capital Management LLC’s holdings in Equity Residential were worth $755,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. CIBC Bancorp USA Inc. bought a new stake in shares of Equity Residential during the third quarter valued at approximately $9,094,000. Wolverine Asset Management LLC bought a new position in Equity Residential in the 4th quarter worth approximately $1,964,000. Pensionfund Sabic acquired a new stake in Equity Residential in the 4th quarter valued at approximately $1,567,000. Pensionfund PDN acquired a new stake in Equity Residential in the 4th quarter valued at approximately $3,124,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Equity Residential by 5.8% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,016,454 shares of the real estate investment trust’s stock valued at $63,051,000 after acquiring an additional 55,786 shares during the period. Institutional investors and hedge funds own 92.68% of the company’s stock.

Analyst Ratings Changes

EQR has been the subject of a number of analyst reports. Jefferies Financial Group upgraded Equity Residential to a “hold” rating in a research report on Friday, June 26th. BMO Capital Markets lifted their price objective on shares of Equity Residential from $68.00 to $75.00 and gave the company a “market perform” rating in a research note on Monday, June 8th. Wall Street Zen cut shares of Equity Residential from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. Mizuho upped their price objective on shares of Equity Residential from $66.00 to $70.00 and gave the stock a “neutral” rating in a report on Wednesday, June 10th. Finally, The Goldman Sachs Group decreased their target price on shares of Equity Residential from $71.00 to $69.00 and set a “neutral” rating for the company in a research report on Thursday, April 16th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $70.65.

Equity Residential Stock Performance

Shares of EQR stock opened at $68.60 on Thursday. Equity Residential has a 1-year low of $57.57 and a 1-year high of $69.49. 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 company has a market capitalization of $25.70 billion, a price-to-earnings ratio of 27.44, a P/E/G ratio of 5.39 and a beta of 0.74. The stock’s fifty day simple moving average is $65.83 and its 200-day simple moving average is $63.15.

Equity Residential (NYSE:EQR) last announced its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $781.79 million. During the same period in the prior year, the company posted $0.95 earnings per share. The firm’s revenue 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. On average, sell-side analysts predict that Equity Residential will post 4.09 earnings per share for the current fiscal year.

Equity Residential Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Monday, June 29th will be given a $0.7025 dividend. This represents a $2.81 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Monday, June 29th. Equity Residential’s dividend payout ratio is 112.40%.

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.