Sei Investments Co. Lowers Position in Equity Residential $EQR

Sei Investments Co. lessened its stake in shares of Equity Residential (NYSE:EQR) by 8.3% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 652,129 shares of the real estate investment trust’s stock after selling 58,662 shares during the quarter. Sei Investments Co.’s holdings in Equity Residential were worth $38,573,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EQR. Wolverine Asset Management LLC purchased a new position in Equity Residential in the 4th quarter valued at approximately $1,964,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Equity Residential by 5.8% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,016,454 shares of the real estate investment trust’s stock worth $63,051,000 after buying an additional 55,786 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Equity Residential by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 10,258,275 shares of the real estate investment trust’s stock worth $644,412,000 after buying an additional 114,604 shares during the period. Vestcor Inc increased its stake in shares of Equity Residential by 1,432.1% during the fourth quarter. Vestcor Inc now owns 114,325 shares of the real estate investment trust’s stock worth $7,207,000 after buying an additional 106,863 shares during the period. Finally, Hsbc Holdings PLC raised its stake in Equity Residential by 26.7% in the fourth quarter. Hsbc Holdings PLC now owns 1,475,500 shares of the real estate investment trust’s stock valued at $93,079,000 after buying an additional 310,859 shares in the last quarter. Hedge funds and other institutional investors own 92.68% of the company’s stock.

Equity Residential Stock Performance

NYSE:EQR opened at $67.87 on Monday. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.19 and a quick ratio of 0.18. The firm has a market cap of $25.45 billion, a price-to-earnings ratio of 29.51, a price-to-earnings-growth ratio of 5.40 and a beta of 0.74. The firm’s fifty day moving average price is $67.31 and its 200 day moving average price is $63.96. Equity Residential has a 1-year low of $57.57 and a 1-year high of $71.50.

Equity Residential (NYSE:EQR) last announced its quarterly earnings data 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). The firm had revenue of $779.85 million for the quarter, compared to analysts’ expectations of $781.79 million. Equity Residential had a return on equity of 8.06% and a net margin of 27.97%.The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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. On average, sell-side analysts expect that Equity Residential will post 4.08 EPS for the current year.

Equity Residential Dividend Announcement

The company also recently announced 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. This represents a $2.81 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Monday, June 29th. Equity Residential’s payout ratio is presently 122.17%.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Truist Financial lifted their price target on Equity Residential from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Tuesday, June 16th. Scotiabank increased their target price on shares of Equity Residential from $67.00 to $70.00 and gave the company a “sector perform” rating in a research report on Thursday, July 9th. BMO Capital Markets lifted their price target on shares of Equity Residential from $68.00 to $75.00 and gave the stock a “market perform” rating in a research note on Monday, June 8th. Piper Sandler lifted their price target on Equity Residential from $72.00 to $75.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 21st. Finally, The Goldman Sachs Group reduced their price objective on Equity Residential from $71.00 to $69.00 and set a “neutral” rating for the company in a research note on Thursday, April 16th. One research 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, Equity Residential has a consensus rating of “Hold” and a consensus target price of $71.40.

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.