SEB Asset Management AB Makes New Investment in Equity Residential $EQR

SEB Asset Management AB purchased a new stake in Equity Residential (NYSE:EQR) in the 1st quarter, Holdings Channel reports. The firm purchased 149,948 shares of the real estate investment trust’s stock, valued at approximately $8,869,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Swiss National Bank boosted its position in shares of Equity Residential by 6.7% in the first quarter. Swiss National Bank now owns 1,060,750 shares of the real estate investment trust’s stock worth $62,743,000 after acquiring an additional 66,500 shares during the last quarter. Bessemer Group Inc. increased its position in Equity Residential by 7.0% during the first quarter. Bessemer Group Inc. now owns 7,391 shares of the real estate investment trust’s stock worth $438,000 after purchasing an additional 481 shares during the last quarter. Wealthfront Advisers LLC raised its stake in Equity Residential by 10.8% during the first quarter. Wealthfront Advisers LLC now owns 70,632 shares of the real estate investment trust’s stock worth $4,178,000 after purchasing an additional 6,895 shares during the period. Sanctuary Advisors LLC raised its stake in Equity Residential by 9.2% during the first quarter. Sanctuary Advisors LLC now owns 19,336 shares of the real estate investment trust’s stock worth $1,144,000 after purchasing an additional 1,636 shares during the period. Finally, Checchi Capital Advisers LLC boosted its holdings in shares of Equity Residential by 6.1% in the 1st quarter. Checchi Capital Advisers LLC now owns 3,998 shares of the real estate investment trust’s stock valued at $236,000 after purchasing an additional 230 shares during the last quarter. Institutional investors and hedge funds own 92.68% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Piper Sandler boosted their price objective on shares of Equity Residential from $72.00 to $75.00 and gave the company a “neutral” rating in a research note on Tuesday. Wolfe Research raised Equity Residential from a “hold” rating to an “outperform” rating in a research report on Monday, June 1st. Truist Financial lifted their target price on Equity Residential from $70.00 to $72.00 and gave the company a “buy” rating in a report on Tuesday, June 16th. Wall Street Zen downgraded Equity Residential from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. Finally, Cantor Fitzgerald upped their price target on Equity Residential from $64.00 to $66.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and fourteen have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $71.40.

Equity Residential Trading Down 0.7%

Shares of EQR stock opened at $68.30 on Wednesday. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.77. Equity Residential has a fifty-two week low of $57.57 and a fifty-two week high of $71.50. The firm’s 50 day moving average price is $67.12 and its two-hundred day moving average price is $63.83. The stock has a market cap of $25.61 billion, a price-to-earnings ratio of 27.32, a price-to-earnings-growth ratio of 5.46 and a beta of 0.74.

Equity Residential (NYSE:EQR) last released its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.09). Equity Residential had a return on equity of 8.57% and a net margin of 30.63%.The business had revenue of $779.85 million during the quarter, compared to analyst estimates of $781.79 million. During the same period in the previous year, the company earned $0.95 EPS. Equity Residential’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. On average, analysts anticipate that Equity Residential will post 4.09 EPS for the current year.

Equity Residential Announces Dividend

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

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.