Lansforsakringar Fondforvaltning AB publ Cuts Stock Position in Equity Residential $EQR

Lansforsakringar Fondforvaltning AB publ cut its stake in shares of Equity Residential (NYSE:EQR) by 7.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 116,783 shares of the real estate investment trust’s stock after selling 9,609 shares during the quarter. Lansforsakringar Fondforvaltning AB publ’s holdings in Equity Residential were worth $6,908,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EQR. Empowered Funds LLC raised its position in Equity Residential by 3.1% during the 1st quarter. Empowered Funds LLC now owns 7,489 shares of the real estate investment trust’s stock worth $536,000 after buying an additional 226 shares during the last quarter. Cresset Asset Management LLC boosted its holdings in shares of Equity Residential by 13.9% in the second quarter. Cresset Asset Management LLC now owns 4,836 shares of the real estate investment trust’s stock valued at $330,000 after acquiring an additional 590 shares in the last quarter. Jump Financial LLC boosted its holdings in shares of Equity Residential by 96.1% in the second quarter. Jump Financial LLC now owns 11,300 shares of the real estate investment trust’s stock valued at $763,000 after acquiring an additional 5,537 shares in the last quarter. Federated Hermes Inc. purchased a new stake in shares of Equity Residential in the second quarter valued at about $100,000. Finally, Cerity Partners LLC increased its stake in shares of Equity Residential by 170.7% during the second quarter. Cerity Partners LLC now owns 20,646 shares of the real estate investment trust’s stock worth $1,393,000 after acquiring an additional 13,018 shares during the period. 92.68% of the stock is currently owned by hedge funds and other institutional investors.

Equity Residential Trading Up 1.6%

Shares of EQR opened at $69.75 on Friday. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.77. The firm’s 50-day moving average is $65.99 and its two-hundred day moving average is $63.21. Equity Residential has a twelve month low of $57.57 and a twelve month high of $69.83. The firm has a market capitalization of $26.13 billion, a P/E ratio of 27.90, a PEG ratio of 5.45 and a beta of 0.74.

Equity Residential (NYSE:EQR) last posted its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.09). Equity Residential had a net margin of 30.63% and a return on equity of 8.57%. The company had revenue of $779.85 million for the quarter, compared to analyst estimates of $781.79 million. During the same quarter in the previous year, the business posted $0.95 earnings per share. Equity Residential’s revenue was up 2.5% on a year-over-year basis. 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 earnings per share for the current fiscal year.

Equity Residential Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Monday, June 29th will be paid a $0.7025 dividend. This represents a $2.81 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Monday, June 29th. Equity Residential’s dividend payout ratio (DPR) is presently 112.40%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on EQR shares. Argus set a $70.00 price objective on Equity Residential in a report on Thursday, March 12th. The Goldman Sachs Group reduced their price target on Equity Residential from $71.00 to $69.00 and set a “neutral” rating for the company in a report on Thursday, April 16th. Wells Fargo & Company lifted their price target on Equity Residential from $62.00 to $64.00 and gave the company an “equal weight” rating in a research note on Thursday, April 23rd. Stifel Nicolaus upped their price objective on Equity Residential from $78.25 to $79.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. Finally, Nordea Equity Research upgraded Equity Residential to a “buy” rating in a research report on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and thirteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $70.65.

Equity Residential Company 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.