Wealthfront Advisers LLC Purchases 21,462 Shares of Equity Residential $EQR

Wealthfront Advisers LLC raised its position in Equity Residential (NYSE:EQR) by 50.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 63,737 shares of the real estate investment trust’s stock after buying an additional 21,462 shares during the quarter. Wealthfront Advisers LLC’s holdings in Equity Residential were worth $4,018,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of EQR. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Equity Residential by 876.0% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,500,885 shares of the real estate investment trust’s stock worth $291,342,000 after purchasing an additional 4,039,752 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Equity Residential by 797.2% in the 3rd quarter. Wellington Management Group LLP now owns 2,085,406 shares of the real estate investment trust’s stock worth $134,988,000 after purchasing an additional 1,852,970 shares during the last quarter. Alyeska Investment Group L.P. boosted its position in shares of Equity Residential by 353.5% in the 3rd quarter. Alyeska Investment Group L.P. now owns 2,002,892 shares of the real estate investment trust’s stock worth $129,647,000 after purchasing an additional 1,561,241 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Equity Residential by 2.3% in the 3rd 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 during the last quarter. Finally, Woodline Partners LP boosted its position in shares of Equity Residential by 2,810.2% in the 3rd quarter. Woodline Partners LP now owns 1,073,893 shares of the real estate investment trust’s stock worth $69,513,000 after purchasing an additional 1,036,992 shares during the last quarter. 92.68% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Equity Residential

In other Equity Residential news, COO Michael L. Manelis sold 5,765 shares of Equity Residential 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 sale, the chief operating officer owned 46,131 shares of the company’s stock, valued at $3,004,512.03. This trade represents a 11.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Catherine Carraway sold 656 shares of Equity Residential stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $65.13, for a total value of $42,725.28. Following the completion of the sale, the executive vice president directly owned 18,339 shares in the company, valued at $1,194,419.07. This represents a 3.45% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 10,058 shares of company stock valued at $655,078 in the last 90 days. 1.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on EQR. BNP Paribas Exane raised their price target on Equity Residential from $66.00 to $68.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 3rd. Deutsche Bank Aktiengesellschaft lowered Equity Residential from a “buy” rating to a “hold” rating and set a $63.00 price target on the stock. in a research report on Tuesday, January 20th. Wells Fargo & Company raised their price target on Equity Residential from $62.00 to $64.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 23rd. Scotiabank raised their price target on Equity Residential from $66.00 to $67.00 and gave the stock a “sector perform” rating in a research report on Wednesday, March 4th. Finally, Royal Bank Of Canada raised their price target on Equity Residential from $67.00 to $69.00 and gave the stock an “outperform” rating in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $69.76.

Equity Residential Stock Performance

Shares of Equity Residential stock opened at $65.27 on Friday. The company has a market capitalization of $24.45 billion, a PE ratio of 26.11, a PEG ratio of 4.94 and a beta of 0.76. Equity Residential has a 12 month low of $57.57 and a 12 month high of $72.40. The company has a current ratio of 0.18, a quick ratio of 0.31 and a debt-to-equity ratio of 0.77. The stock’s fifty day simple moving average is $61.37 and its 200 day simple moving average is $61.53.

Equity Residential (NYSE:EQR) last issued 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 return on equity of 8.57% and a net margin of 30.63%.The business had revenue of $779.85 million for the quarter, compared to analyst estimates of $781.79 million. During the same period in the previous year, the business posted $0.95 EPS. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. 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, research analysts predict that Equity Residential will post 4.09 EPS for the current year.

Equity Residential Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Monday, March 30th were paid a $0.7025 dividend. The ex-dividend date of this dividend was Monday, March 30th. This represents a $2.81 annualized dividend and a dividend yield of 4.3%. This is a positive change from Equity Residential’s previous quarterly dividend of $0.69. Equity Residential’s dividend payout ratio (DPR) is 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.