BROOKFIELD Corp ON Makes New Investment in Equity Residential $EQR

BROOKFIELD Corp ON bought a new position in Equity Residential (NYSE:EQR) during the first quarter, according to its most recent 13F filing with the SEC. The fund bought 136,141 shares of the real estate investment trust’s stock, valued at approximately $8,053,000.

Other hedge funds have also recently made changes to their positions in the company. Fulcrum Asset Management LLP bought a new stake in shares of Equity Residential in the 3rd quarter valued at approximately $27,000. Zions Bancorporation National Association UT boosted its stake in Equity Residential by 375.2% during 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 during the period. DV Equities LLC purchased a new position in Equity Residential during the fourth quarter worth $30,000. Harvest Fund Management Co. Ltd bought a new position in Equity Residential during the third quarter valued at $31,000. Finally, Leonteq Securities AG increased its position in Equity Residential by 48.8% during the first quarter. Leonteq Securities AG now owns 549 shares of the real estate investment trust’s stock valued at $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.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on EQR shares. Truist Financial lifted their price target on shares of Equity Residential from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Tuesday, June 16th. Bank of America raised shares of Equity Residential from a “neutral” rating to a “buy” rating and set a $76.00 price objective for the company in a research note on Wednesday, May 27th. Wall Street Zen lowered Equity Residential from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $72.00 target price on shares of Equity Residential in a research note on Monday, July 20th. Finally, Scotiabank increased their price target on Equity Residential from $67.00 to $70.00 and gave the stock a “sector perform” rating in a report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and fourteen have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $71.40.

Equity Residential Trading Up 0.0%

NYSE EQR opened at $67.87 on Monday. The stock has a market cap of $25.45 billion, a PE ratio of 29.51, a PEG ratio of 5.40 and a beta of 0.74. Equity Residential has a 12 month low of $57.57 and a 12 month high of $71.50. The company’s 50-day moving average price is $67.31 and its 200-day moving average price is $63.96. The company has a current ratio of 0.19, a quick ratio of 0.18 and a debt-to-equity ratio of 0.77.

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 for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.09). The company had revenue of $779.85 million for the quarter, compared to the consensus estimate of $781.79 million. Equity Residential had a net margin of 27.97% and a return on equity of 8.06%. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.95 EPS. 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. Equities research analysts forecast that Equity Residential will post 4.08 earnings per share for the current year.

Equity Residential Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Monday, June 29th were paid a dividend of $0.7025 per share. This represents a $2.81 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend was Monday, June 29th. Equity Residential’s payout ratio is currently 122.17%.

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.