Cibc World Market Inc. Raises Holdings in Equity Residential $EQR

Cibc World Market Inc. lifted its holdings in shares of Equity Residential (NYSE:EQR) by 31.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 316,732 shares of the real estate investment trust’s stock after buying an additional 75,554 shares during the period. Cibc World Market Inc.’s holdings in Equity Residential were worth $19,967,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of EQR. Norges Bank purchased a new position in shares of Equity Residential during the 4th quarter worth approximately $2,201,674,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Equity Residential by 876.0% during the third 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 buying an additional 4,039,752 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Equity Residential by 797.2% during the third quarter. Wellington Management Group LLP now owns 2,085,406 shares of the real estate investment trust’s stock valued at $134,988,000 after acquiring an additional 1,852,970 shares during the last quarter. Alyeska Investment Group L.P. boosted its stake in shares of Equity Residential by 353.5% during the third quarter. Alyeska Investment Group L.P. now owns 2,002,892 shares of the real estate investment trust’s stock valued at $129,647,000 after acquiring an additional 1,561,241 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Equity Residential by 2.3% during 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 during the last quarter. 92.68% of the stock is owned by hedge funds and other institutional investors.

Equity Residential Stock Up 0.5%

Shares of Equity Residential stock opened at $68.21 on Friday. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.77. The firm has a market cap of $25.56 billion, a P/E ratio of 27.29, a P/E/G ratio of 5.39 and a beta of 0.75. Equity Residential has a fifty-two week low of $57.57 and a fifty-two week high of $70.21. The business has a 50-day moving average price of $63.63 and a 200 day moving average price of $62.39.

Equity Residential (NYSE:EQR) last announced its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.09). The firm had revenue of $779.85 million during the quarter, compared to the consensus estimate of $781.79 million. Equity Residential had a net margin of 30.63% and a return on equity of 8.57%. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.95 earnings per share. 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, sell-side analysts forecast that Equity Residential will post 4.09 earnings per share for the current fiscal year.

Equity Residential Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Monday, March 30th were issued a $0.7025 dividend. This is an increase from Equity Residential’s previous quarterly dividend of $0.69. This represents a $2.81 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend was Monday, March 30th. Equity Residential’s dividend payout ratio is presently 112.40%.

Wall Street Analysts Forecast Growth

EQR has been the topic of several analyst reports. Nordea Equity Research upgraded Equity Residential to a “buy” rating in a report on Wednesday, May 27th. Wells Fargo & Company raised their price objective on Equity Residential from $62.00 to $64.00 and gave the company an “equal weight” rating in a research report on Thursday, April 23rd. Wall Street Zen lowered Equity Residential from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. Evercore lifted their target price on Equity Residential from $67.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Finally, Morgan Stanley raised Equity Residential from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $72.00 to $74.00 in a research report on Thursday, March 26th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat, Equity Residential has a consensus rating of “Moderate Buy” and an average target price of $69.90.

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.