Bokf Na Cuts Stake in Equity Residential $EQR

Bokf Na reduced its stake in shares of Equity Residential (NYSE:EQR) by 30.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,779 shares of the real estate investment trust’s stock after selling 8,559 shares during the quarter. Bokf Na’s holdings in Equity Residential were worth $1,247,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Equity Residential by 4.2% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 133,335 shares of the real estate investment trust’s stock worth $8,405,000 after purchasing an additional 5,422 shares in the last quarter. Garner Asset Management Corp purchased a new stake in Equity Residential in the 4th quarter worth $167,000. Wolverine Asset Management LLC purchased a new stake in Equity Residential in the 4th quarter worth $1,964,000. Varma Mutual Pension Insurance Co lifted its stake in Equity Residential by 40.0% in the 4th quarter. Varma Mutual Pension Insurance Co now owns 215,400 shares of the real estate investment trust’s stock worth $13,579,000 after purchasing an additional 61,500 shares in the last quarter. Finally, Truist Financial Corp lifted its stake in Equity Residential by 11.2% in the 4th quarter. Truist Financial Corp now owns 9,486 shares of the real estate investment trust’s stock worth $598,000 after purchasing an additional 958 shares in the last quarter. 92.68% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Equity Residential

In related news, EVP Catherine Carraway sold 656 shares of the stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $65.13, for a total transaction of $42,725.28. Following the completion of the sale, the executive vice president owned 18,339 shares of the company’s stock, valued at $1,194,419.07. This represents a 3.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Michael L. Manelis sold 5,765 shares of the firm’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $65.13, for a total transaction of $375,474.45. Following the completion of the transaction, the chief operating officer directly owned 46,131 shares of the company’s stock, valued at approximately $3,004,512.03. This represents a 11.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 10,058 shares of company stock valued at $655,078 over the last 90 days. Insiders own 1.20% of the company’s stock.

Equity Residential Trading Down 0.5%

Shares of NYSE:EQR opened at $65.53 on Friday. Equity Residential has a 12-month low of $57.57 and a 12-month high of $71.80. The business’s fifty day simple moving average is $61.55 and its 200-day simple moving average is $61.61. The company has a market capitalization of $24.55 billion, a PE ratio of 26.21, a P/E/G ratio of 5.23 and a beta of 0.76. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.77.

Equity Residential (NYSE:EQR) last posted its earnings results 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). Equity Residential had a net margin of 30.63% and a return on equity of 8.57%. The firm had revenue of $779.85 million for the quarter, compared to analysts’ expectations of $781.79 million. During the same period in the previous year, the company earned $0.95 EPS. The company’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. As a group, equities research analysts predict that Equity Residential will post 4.09 earnings per share for the current fiscal year.

Equity Residential Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Monday, March 30th were given a dividend of $0.7025 per share. The ex-dividend date of this dividend was Monday, March 30th. This is a positive change from Equity Residential’s previous quarterly dividend of $0.69. This represents a $2.81 dividend on an annualized basis and a yield of 4.3%. Equity Residential’s dividend payout ratio is currently 112.40%.

Analyst Ratings Changes

Several brokerages have commented on EQR. The Goldman Sachs Group decreased their price target on shares of Equity Residential from $71.00 to $69.00 and set a “neutral” rating on the stock in a research note on Thursday, April 16th. Scotiabank boosted their price target on shares of Equity Residential from $66.00 to $67.00 and gave the stock a “sector perform” rating in a research note on Wednesday, March 4th. Jefferies Financial Group reduced their target price on shares of Equity Residential from $65.00 to $64.00 and set a “hold” rating on the stock in a report on Tuesday, April 14th. BNP Paribas Exane boosted their target price on shares of Equity Residential from $66.00 to $68.00 and gave the stock a “neutral” rating in a report on Tuesday, March 3rd. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Equity Residential from a “buy” rating to a “hold” rating and set a $63.00 target price on the stock. in a report on Tuesday, January 20th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $69.91.

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.