Andra AP fonden Sells 67,100 Shares of Equity Residential $EQR

Andra AP fonden lessened its stake in shares of Equity Residential (NYSE:EQR) by 35.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 120,000 shares of the real estate investment trust’s stock after selling 67,100 shares during the quarter. Andra AP fonden’s holdings in Equity Residential were worth $7,768,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in EQR. DNB Asset Management AS lifted its position in Equity Residential by 5.2% during the third quarter. DNB Asset Management AS now owns 70,615 shares of the real estate investment trust’s stock valued at $4,571,000 after purchasing an additional 3,490 shares during the period. Westpac Banking Corp grew its position in Equity Residential by 139.0% in the 3rd quarter. Westpac Banking Corp now owns 110,860 shares of the real estate investment trust’s stock worth $7,176,000 after purchasing an additional 64,467 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Equity Residential by 6.3% in the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 960,668 shares of the real estate investment trust’s stock worth $62,184,000 after purchasing an additional 57,296 shares during the period. US Bancorp DE raised its stake in Equity Residential by 3.7% during the 3rd quarter. US Bancorp DE now owns 35,352 shares of the real estate investment trust’s stock valued at $2,288,000 after buying an additional 1,258 shares during the last quarter. Finally, MAI Capital Management lifted its holdings 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 valued at $255,000 after buying an additional 202 shares during the period. 92.68% of the stock is owned by hedge funds and other institutional investors.

Equity Residential Price Performance

Shares of NYSE:EQR opened at $63.19 on Friday. The company has a market capitalization of $23.86 billion, a P/E ratio of 21.57, a P/E/G ratio of 4.75 and a beta of 0.76. Equity Residential has a 1-year low of $58.38 and a 1-year high of $75.86. The firm’s 50 day simple moving average is $62.52 and its two-hundred day simple moving average is $62.59. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.31 and a quick ratio of 0.31.

Equity Residential (NYSE:EQR) last announced 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). Equity Residential had a return on equity of 9.98% and a net margin of 36.20%.The firm had revenue of $781.91 million during the quarter, compared to analysts’ expectations of $786.35 million. During the same period last year, the company earned $1.00 earnings per share. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. 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. Research analysts expect that Equity Residential will post 3.98 EPS for the current fiscal year.

Equity Residential Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Friday, January 2nd were given a $0.6925 dividend. This represents a $2.77 annualized dividend and a dividend yield of 4.4%. The ex-dividend date was Friday, January 2nd. Equity Residential’s payout ratio is presently 94.54%.

Insider Activity

In related news, COO Michael L. Manelis sold 5,765 shares of Equity Residential stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $65.13, for a total transaction of $375,474.45. Following the sale, the chief operating officer owned 46,131 shares of the company’s stock, valued at approximately $3,004,512.03. This trade represents a 11.11% 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, EVP Catherine Carraway sold 656 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president owned 18,339 shares of the company’s stock, valued at $1,194,419.07. The trade was a 3.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 10,058 shares of company stock worth $655,078 over the last ninety days. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Jefferies Financial Group cut their price objective on Equity Residential from $68.00 to $65.00 and set a “hold” rating for the company in a report on Tuesday, November 11th. JPMorgan Chase & Co. dropped their target price on Equity Residential from $75.00 to $71.00 and set a “neutral” rating on the stock in a research report on Thursday, December 4th. Wall Street Zen lowered shares of Equity Residential from a “hold” rating to a “sell” rating in a research report on Saturday. Royal Bank Of Canada dropped their price objective on shares of Equity Residential from $70.00 to $68.00 and set an “outperform” rating on the stock in a report on Thursday, January 15th. Finally, Wells Fargo & Company cut their target price on shares of Equity Residential from $68.00 to $62.00 and set an “equal weight” rating for the company in a research report on Monday, November 10th. Six investment analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. According to data from MarketBeat, Equity Residential currently has a consensus rating of “Hold” and a consensus target price of $69.78.

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.