BROOKFIELD Corp ON Invests $8.05 Million in Equity Residential $EQR

BROOKFIELD Corp ON purchased a new stake in shares of Equity Residential (NYSE:EQR) during the 1st quarter, HoldingsChannel.com reports. The fund purchased 136,141 shares of the real estate investment trust’s stock, valued at approximately $8,053,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Fulcrum Asset Management LLP purchased a new stake in Equity Residential in the third quarter worth about $27,000. Zions Bancorporation National Association UT grew its holdings in Equity Residential by 375.2% during the 4th quarter. Zions Bancorporation National Association UT now owns 480 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 379 shares in the last quarter. DV Equities LLC purchased a new position in Equity Residential during the 4th quarter valued at about $30,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Equity Residential in the 3rd quarter valued at about $31,000. Finally, Leonteq Securities AG raised its holdings in shares of Equity Residential by 48.8% in the 1st quarter. Leonteq Securities AG now owns 549 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 180 shares in the last quarter. 92.68% of the stock is currently owned by institutional investors.

Equity Residential Stock Up 0.0%

Shares of Equity Residential stock opened at $67.87 on Monday. The firm’s 50 day moving average price is $67.31 and its 200-day moving average price is $63.96. The company has a quick ratio of 0.18, a current ratio of 0.19 and a debt-to-equity ratio of 0.77. Equity Residential has a 52-week low of $57.57 and a 52-week high of $71.50. The company has a market cap of $25.45 billion, a P/E ratio of 29.51, a PEG ratio of 5.40 and a beta of 0.74.

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). The firm had revenue of $779.85 million for the quarter, compared to analysts’ expectations of $781.79 million. Equity Residential had a net margin of 27.97% and a return on equity of 8.06%. The company’s revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the company 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. On average, sell-side analysts predict that Equity Residential will post 4.08 EPS for the current fiscal year.

Equity Residential Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Monday, June 29th were issued 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 was Monday, June 29th. Equity Residential’s dividend payout ratio is currently 122.17%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on EQR. The Goldman Sachs Group lowered their price target on shares of Equity Residential from $71.00 to $69.00 and set a “neutral” rating for the company in a research report on Thursday, April 16th. BMO Capital Markets boosted their price objective 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. Nordea Equity Research upgraded Equity Residential to a “buy” rating in a report on Wednesday, May 27th. Wells Fargo & Company increased their target price on Equity Residential from $62.00 to $64.00 and gave the company an “equal weight” rating in a research report on Thursday, April 23rd. Finally, Mizuho lifted their price target on Equity Residential from $66.00 to $70.00 and gave the company a “neutral” rating in a report on Wednesday, June 10th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and fourteen have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $71.40.

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.