Envestnet Asset Management Inc. Cuts Stake in Equity Residential $EQR

Envestnet Asset Management Inc. cut its holdings in shares of Equity Residential (NYSE:EQR) by 7.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 132,595 shares of the real estate investment trust’s stock after selling 10,712 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Equity Residential were worth $8,583,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Empowered Funds LLC raised its stake in shares of Equity Residential by 3.1% in the first quarter. Empowered Funds LLC now owns 7,489 shares of the real estate investment trust’s stock valued at $536,000 after acquiring an additional 226 shares in the last quarter. CWM LLC raised its position in Equity Residential by 58.0% in the 2nd quarter. CWM LLC now owns 5,691 shares of the real estate investment trust’s stock valued at $384,000 after purchasing an additional 2,090 shares in the last quarter. Sequoia Financial Advisors LLC raised its position in Equity Residential by 39.3% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 4,522 shares of the real estate investment trust’s stock valued at $305,000 after purchasing an additional 1,276 shares in the last quarter. Nordea Investment Management AB boosted its stake in shares of Equity Residential by 2.5% in the 2nd quarter. Nordea Investment Management AB now owns 33,401 shares of the real estate investment trust’s stock valued at $2,234,000 after buying an additional 814 shares during the period. Finally, DekaBank Deutsche Girozentrale boosted its stake in shares of Equity Residential by 1.2% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 151,975 shares of the real estate investment trust’s stock valued at $10,258,000 after buying an additional 1,789 shares during the period. Institutional investors and hedge funds own 92.68% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Robert Garechana sold 3,637 shares of the stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $65.13, for a total transaction of $236,877.81. Following the completion of the sale, the executive vice president owned 18,740 shares in the company, valued at approximately $1,220,536.20. This represents a 16.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Michael L. Manelis sold 5,765 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $65.13, for a total value of $375,474.45. Following the transaction, the chief operating officer directly owned 46,131 shares in the company, valued at approximately $3,004,512.03. This represents a 11.11% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 10,058 shares of company stock valued at $655,078. Insiders own 1.10% of the company’s stock.

Equity Residential Stock Performance

Shares of EQR stock opened at $63.03 on Friday. The stock’s 50-day moving average is $62.29 and its two-hundred day moving average is $62.58. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.45 and a current ratio of 0.31. Equity Residential has a 1 year low of $58.38 and a 1 year high of $75.86. The firm has a market cap of $23.80 billion, a price-to-earnings ratio of 21.51, a PEG ratio of 4.78 and a beta of 0.76.

Equity Residential (NYSE:EQR) last announced its earnings results on Thursday, February 5th. The real estate investment trust reported $1.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.01). The firm had revenue of $781.91 million during the quarter, compared to analyst estimates of $786.35 million. Equity Residential had a net margin of 36.20% and a return on equity of 9.98%. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period last year, the company earned $1.00 earnings per share. Equity Residential has set its Q1 2026 guidance at 0.940-0.980 EPS and its FY 2026 guidance at 4.020-4.140 EPS. Analysts predict that Equity Residential will post 3.98 earnings per share for the current year.

Equity Residential Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Friday, January 2nd were paid a dividend of $0.6925 per share. The ex-dividend date was Friday, January 2nd. This represents a $2.77 dividend on an annualized basis and a yield of 4.4%. Equity Residential’s dividend payout ratio is currently 94.54%.

Analyst Ratings Changes

A number of research firms recently weighed in on EQR. Royal Bank Of Canada cut their target price on shares of Equity Residential from $70.00 to $68.00 and set an “outperform” rating on the stock in a research note on Thursday, January 15th. Piper Sandler set a $78.00 price objective on shares of Equity Residential in a research report on Tuesday, January 27th. Stifel Nicolaus set a $78.50 price objective on shares of Equity Residential in a report on Friday, February 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Equity Residential in a research note on Thursday, January 22nd. Finally, Mizuho cut their price target on Equity Residential from $66.00 to $65.00 and set a “neutral” rating on the stock in a research note on Monday, November 24th. Six analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company’s stock. According to MarketBeat.com, Equity Residential has a consensus rating of “Hold” and a consensus price target of $69.78.

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.