Equity Residential $EQR Stake Lowered by Sterling Capital Management LLC

Sterling Capital Management LLC cut its stake in Equity Residential (NYSE:EQR) by 43.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,766 shares of the real estate investment trust’s stock after selling 9,688 shares during the quarter. Sterling Capital Management LLC’s holdings in Equity Residential were worth $755,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Insigneo Advisory Services LLC boosted its position in Equity Residential by 4.9% during the fourth quarter. Insigneo Advisory Services LLC now owns 3,543 shares of the real estate investment trust’s stock valued at $223,000 after purchasing an additional 165 shares during the last quarter. Rosenberg Matthew Hamilton increased its position in Equity Residential by 69.2% in the 4th quarter. Rosenberg Matthew Hamilton now owns 440 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 180 shares during the last quarter. MAI Capital Management raised its stake in shares of Equity Residential by 5.4% during the 3rd quarter. MAI Capital Management now owns 3,933 shares of the real estate investment trust’s stock worth $255,000 after purchasing an additional 202 shares in the last quarter. Empowered Funds LLC raised its stake in shares of Equity Residential by 2.3% during the 4th quarter. Empowered Funds LLC now owns 9,165 shares of the real estate investment trust’s stock worth $571,000 after purchasing an additional 204 shares in the last quarter. Finally, CI Investments Inc. lifted its holdings in shares of Equity Residential by 0.6% during the 3rd quarter. CI Investments Inc. now owns 37,510 shares of the real estate investment trust’s stock valued at $2,428,000 after buying an additional 211 shares during the last quarter. 92.68% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Jefferies Financial Group raised Equity Residential to a “hold” rating in a research note on Friday, June 26th. Royal Bank Of Canada lowered shares of Equity Residential from an “outperform” rating to a “sector perform” rating and raised their price objective for the company from $69.00 to $70.00 in a research report on Monday, June 8th. Stifel Nicolaus lifted their target price on shares of Equity Residential from $78.25 to $79.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. Truist Financial increased their price target on shares of Equity Residential from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Tuesday, June 16th. Finally, Morgan Stanley upgraded shares of Equity Residential from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $72.00 to $74.00 in a report on Thursday, March 26th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and thirteen have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $70.65.

Equity Residential Price Performance

NYSE EQR opened at $68.60 on Thursday. Equity Residential has a 1 year low of $57.57 and a 1 year high of $69.49. The company has a fifty day simple moving average of $65.83 and a 200 day simple moving average of $63.15. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.77. The company has a market cap of $25.70 billion, a P/E ratio of 27.44, a P/E/G ratio of 5.39 and a beta of 0.74.

Equity Residential (NYSE:EQR) last announced its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.24 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.09). The firm had revenue of $779.85 million during the quarter, compared to the consensus estimate of $781.79 million. Equity Residential had a return on equity of 8.57% and a net margin of 30.63%.The business’s revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the business 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 4.09 EPS for the current year.

Equity Residential Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Monday, June 29th will be paid a $0.7025 dividend. The ex-dividend date is Monday, June 29th. This represents a $2.81 dividend on an annualized basis and a dividend yield of 4.1%. Equity Residential’s payout ratio is presently 112.40%.

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.