Swiss National Bank Purchases 66,500 Shares of Equity Residential $EQR

Swiss National Bank raised its position in Equity Residential (NYSE:EQR) by 6.7% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 1,060,750 shares of the real estate investment trust’s stock after acquiring an additional 66,500 shares during the period. Swiss National Bank’s holdings in Equity Residential were worth $62,743,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of EQR. Insigneo Advisory Services LLC raised its position in shares of 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 worth $223,000 after purchasing an additional 165 shares during the period. Leonteq Securities AG lifted 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 worth $32,000 after purchasing an additional 180 shares in the last quarter. Frank Rimerman Advisors LLC grew its position in Equity Residential by 4.2% in the 1st quarter. Frank Rimerman Advisors LLC now owns 4,990 shares of the real estate investment trust’s stock valued at $295,000 after purchasing an additional 201 shares during the period. Empowered Funds LLC grew its position in Equity Residential by 2.3% in the 4th quarter. Empowered Funds LLC now owns 9,165 shares of the real estate investment trust’s stock valued at $571,000 after purchasing an additional 204 shares during the period. Finally, United Capital Financial Advisors LLC increased its stake in Equity Residential by 2.0% during the 3rd quarter. United Capital Financial Advisors LLC now owns 11,589 shares of the real estate investment trust’s stock valued at $750,000 after purchasing an additional 227 shares in the last quarter. Institutional investors own 92.68% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Mizuho upped their price objective on shares of Equity Residential from $66.00 to $70.00 and gave the stock a “neutral” rating in a report on Wednesday, June 10th. Truist Financial lifted their price objective on shares of Equity Residential from $70.00 to $72.00 and gave the company a “buy” rating in a report on Tuesday, June 16th. Wells Fargo & Company boosted their target price on shares of Equity Residential from $62.00 to $64.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $72.00 target price on shares of Equity Residential in a report on Monday. Finally, JPMorgan Chase & Co. raised their price target on shares of Equity Residential from $71.00 to $72.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and fourteen have assigned a Hold rating to the company. According to data from MarketBeat.com, Equity Residential currently has a consensus rating of “Hold” and an average target price of $71.40.

Equity Residential Stock Down 0.7%

Equity Residential stock opened at $68.30 on Wednesday. Equity Residential has a fifty-two week low of $57.57 and a fifty-two week high of $71.50. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.18 and a current ratio of 0.18. The firm’s 50-day simple moving average is $67.12 and its 200 day simple moving average is $63.83. The stock has a market cap of $25.61 billion, a PE ratio of 27.32, a price-to-earnings-growth ratio of 5.46 and a beta of 0.74.

Equity Residential (NYSE:EQR) last posted its quarterly earnings data 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). 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 during the quarter, compared to analysts’ expectations of $781.79 million. During the same quarter last year, the business posted $0.95 EPS. The company’s quarterly 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. Research analysts predict that Equity Residential will post 4.09 EPS for the current fiscal year.

Equity Residential Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Monday, June 29th were issued a $0.7025 dividend. The ex-dividend date of this dividend was Monday, June 29th. This represents a $2.81 annualized dividend and a dividend yield of 4.1%. 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.