Equity Residential (NYSE:EQR) COO Sells $375,474.45 in Stock

Equity Residential (NYSE:EQR) COO Michael Manelis sold 5,765 shares of the company’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $65.13, for a total value of $375,474.45. Following the completion of the sale, the chief operating officer owned 46,131 shares in the company, valued at $3,004,512.03. The trade was a 11.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Equity Residential Stock Up 1.2%

Equity Residential stock opened at $63.82 on Friday. The business’s 50-day moving average price is $62.04 and its 200 day moving average price is $62.62. The company has a quick ratio of 0.45, a current ratio of 0.31 and a debt-to-equity ratio of 0.73. The firm has a market cap of $24.28 billion, a price-to-earnings ratio of 21.78, a price-to-earnings-growth ratio of 4.74 and a beta of 0.76. Equity Residential has a 52 week low of $58.38 and a 52 week high of $75.86.

Equity Residential (NYSE:EQR) last announced its quarterly earnings results on Thursday, February 5th. The real estate investment trust reported $1.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.01). The company had revenue of $781.91 million during the quarter, compared to analyst estimates of $786.35 million. Equity Residential had a net margin of 36.20% and a return on equity of 9.98%. The company’s revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.00 earnings per share. Equity Residential has set its Q1 2026 guidance at 0.940-0.980 EPS and its FY 2026 guidance at 4.020-4.140 EPS. As a group, sell-side analysts anticipate that Equity Residential will post 3.98 earnings per share for the current year.

Equity Residential Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Friday, January 2nd were given a dividend of $0.6925 per share. This represents a $2.77 annualized dividend and a yield of 4.3%. The ex-dividend date was Friday, January 2nd. Equity Residential’s dividend payout ratio (DPR) is currently 94.54%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Stifel Nicolaus set a $78.50 target price on shares of Equity Residential in a research note on Friday, February 6th. Barclays reaffirmed an “overweight” rating and issued a $78.00 price target on shares of Equity Residential in a report on Tuesday, January 13th. Scotiabank lowered their price target on Equity Residential from $73.00 to $66.00 and set a “sector perform” rating on the stock in a research report on Tuesday, November 4th. Evercore ISI boosted their price objective on Equity Residential from $68.00 to $69.00 and gave the company an “outperform” rating in a research report on Monday, February 9th. Finally, JPMorgan Chase & Co. reduced their target price on Equity Residential from $75.00 to $71.00 and set a “neutral” rating for the company in a research note on Thursday, December 4th. Seven equities research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $69.68.

Hedge Funds Weigh In On Equity Residential

A number of hedge funds have recently made changes to their positions in EQR. Empowered Funds LLC increased its position in shares of Equity Residential by 3.1% during the first quarter. Empowered Funds LLC now owns 7,489 shares of the real estate investment trust’s stock worth $536,000 after purchasing an additional 226 shares in the last quarter. US Bancorp DE grew its holdings in shares of Equity Residential by 5.8% during the second quarter. US Bancorp DE now owns 34,094 shares of the real estate investment trust’s stock worth $2,301,000 after buying an additional 1,873 shares in the last quarter. Blair William & Co. IL grew its holdings in shares of Equity Residential by 4.6% during the second quarter. Blair William & Co. IL now owns 11,873 shares of the real estate investment trust’s stock worth $801,000 after buying an additional 522 shares in the last quarter. Callan Family Office LLC acquired a new stake in shares of Equity Residential in the second quarter valued at about $486,000. Finally, Blue Trust Inc. lifted its stake in shares of Equity Residential by 22.9% in the second quarter. Blue Trust Inc. now owns 1,475 shares of the real estate investment trust’s stock worth $100,000 after buying an additional 275 shares in the last quarter. Institutional investors and hedge funds own 92.68% of the company’s stock.

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.