CIBC Bancorp USA Inc. Buys New Stake in Equity Residential $EQR

CIBC Bancorp USA Inc. acquired a new position in Equity Residential (NYSE:EQR) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 140,495 shares of the real estate investment trust’s stock, valued at approximately $9,094,000.

A number of other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in Equity Residential by 2.3% in the third quarter. Vanguard Group Inc. now owns 57,597,658 shares of the real estate investment trust’s stock worth $3,728,296,000 after purchasing an additional 1,281,354 shares in the last quarter. Norges Bank acquired a new stake in Equity Residential during the 2nd quarter worth $2,351,689,000. State Street Corp grew its stake in shares of Equity Residential by 2.8% during the third quarter. State Street Corp now owns 24,922,935 shares of the real estate investment trust’s stock worth $1,630,103,000 after purchasing an additional 688,854 shares during the period. Invesco Ltd. increased its stake in shares of Equity Residential by 20.9% in the 2nd quarter. Invesco Ltd. now owns 8,019,026 shares of the real estate investment trust’s stock valued at $541,204,000 after acquiring an additional 1,384,580 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of Equity Residential by 0.6% in the 3rd quarter. Northern Trust Corp now owns 6,231,961 shares of the real estate investment trust’s stock valued at $403,395,000 after acquiring an additional 34,625 shares during the period. Institutional investors and hedge funds own 92.68% of the company’s stock.

Insider Activity

In related news, EVP Catherine Carraway sold 656 shares of the firm’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $65.13, for a total value of $42,725.28. Following the transaction, the executive vice president directly owned 18,339 shares of the company’s stock, valued at approximately $1,194,419.07. This trade represents a 3.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 completion of the transaction, the chief operating officer directly owned 46,131 shares in the company, valued at $3,004,512.03. This trade represents a 11.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 10,058 shares of company stock worth $655,078 over the last 90 days. 1.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on EQR. Wall Street Zen downgraded Equity Residential from a “hold” rating to a “sell” rating in a report on Monday, March 16th. Evercore upped their target price on Equity Residential from $69.00 to $70.00 in a report on Monday, March 9th. Cantor Fitzgerald increased their price target on shares of Equity Residential from $61.00 to $64.00 and gave the company a “neutral” rating in a research note on Monday, February 9th. Stifel Nicolaus set a $78.50 price objective on shares of Equity Residential in a research report on Friday, February 6th. Finally, BMO Capital Markets downgraded Equity Residential from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $70.00 to $68.00 in a research report on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $69.63.

Equity Residential Stock Performance

Shares of EQR opened at $57.98 on Friday. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.73. Equity Residential has a 12-month low of $57.57 and a 12-month high of $72.64. The company has a market cap of $21.89 billion, a PE ratio of 19.79, a price-to-earnings-growth ratio of 4.48 and a beta of 0.75. The stock has a 50-day moving average price of $62.13 and a 200-day moving average price of $62.23.

Equity Residential (NYSE:EQR) last posted its quarterly earnings data 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 analysts’ expectations of $786.35 million. Equity Residential had a return on equity of 9.98% and a net margin of 36.20%.Equity Residential’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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. As a group, equities analysts forecast that Equity Residential will post 3.98 earnings per share for the current fiscal year.

Equity Residential Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Monday, March 30th will be paid a $0.7025 dividend. This represents a $2.81 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date is Monday, March 30th. This is a positive change from Equity Residential’s previous quarterly dividend of $0.69. Equity Residential’s dividend payout ratio (DPR) is presently 94.54%.

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.