Sumitomo Mitsui Trust Group Inc. Sells 50,711 Shares of Equity Residential $EQR

Sumitomo Mitsui Trust Group Inc. trimmed its holdings in Equity Residential (NYSE:EQR) by 2.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,034,473 shares of the real estate investment trust’s stock after selling 50,711 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Equity Residential were worth $120,339,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. CIBC Bancorp USA Inc. bought a new stake in Equity Residential during the 3rd quarter valued at approximately $9,094,000. Pensionfund Sabic bought a new position in Equity Residential in the 4th quarter worth approximately $1,567,000. Wolverine Asset Management LLC bought a new position in Equity Residential in the 4th quarter worth approximately $1,964,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Equity Residential by 5.8% during 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 buying an additional 55,786 shares in the last quarter. Finally, Pensionfund PDN purchased a new stake in Equity Residential during the 4th quarter valued at approximately $3,124,000. Institutional investors own 92.68% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on EQR. Stifel Nicolaus lifted their price objective on shares of Equity Residential from $78.25 to $79.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. The Goldman Sachs Group cut 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 note on Thursday, April 16th. Wells Fargo & Company lifted their price target on shares of Equity Residential from $62.00 to $64.00 and gave the company an “equal weight” rating in a report on Thursday, April 23rd. Cantor Fitzgerald lifted their price target on shares of Equity Residential from $64.00 to $66.00 and gave the company a “neutral” rating in a report on Monday, May 4th. Finally, Barclays boosted their price target on shares of Equity Residential from $75.00 to $76.00 and gave the stock an “overweight” rating in a research note on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and thirteen have given a Hold rating to the company. According to MarketBeat.com, Equity Residential presently has an average rating of “Hold” and a consensus price target of $70.80.

Equity Residential Price Performance

EQR stock traded up $0.64 during trading on Friday, hitting $68.72. 2,380,560 shares of the company’s stock traded hands, compared to its average volume of 2,786,122. Equity Residential has a 52 week low of $57.57 and a 52 week high of $71.50. The stock has a market capitalization 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 has a fifty day simple moving average of $66.69 and a 200 day simple moving average of $63.52. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.18 and a current ratio of 0.18.

Equity Residential (NYSE:EQR) last posted its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.09). The business 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 business’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the firm earned $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, research analysts expect that Equity Residential will post 4.09 EPS for the current fiscal year.

Equity Residential Announces Dividend

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

About Equity Residential

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.