OP Asset Management Ltd Purchases Shares of 37,371 Equity Residential $EQR

OP Asset Management Ltd acquired a new position in shares of Equity Residential (NYSE:EQR) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 37,371 shares of the real estate investment trust’s stock, valued at approximately $2,210,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. BI Asset Management Fondsmaeglerselskab A S boosted its position in shares of Equity Residential by 113.3% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 32,350 shares of the real estate investment trust’s stock valued at $1,914,000 after buying an additional 17,182 shares during the last quarter. Uhlmann Price Securities LLC purchased a new stake in Equity Residential in the 1st quarter valued at $1,269,000. Hsbc Holdings PLC lifted its stake in Equity Residential by 26.7% during the 4th quarter. Hsbc Holdings PLC now owns 1,475,500 shares of the real estate investment trust’s stock valued at $93,079,000 after acquiring an additional 310,859 shares in the last quarter. Corient Private Wealth LLC lifted its stake in Equity Residential by 5.1% during the 4th quarter. Corient Private Wealth LLC now owns 87,999 shares of the real estate investment trust’s stock valued at $5,549,000 after acquiring an additional 4,238 shares in the last quarter. Finally, Storen Legacy Partners LLC purchased a new position in Equity Residential during the 4th quarter worth $340,000. 92.68% of the stock is owned by hedge funds and other institutional investors.

Equity Residential Stock Up 2.0%

EQR stock opened at $68.48 on Friday. The stock has a market cap of $25.66 billion, a P/E ratio of 27.39, a P/E/G ratio of 5.43 and a beta of 0.75. 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 stock’s fifty day simple moving average is $65.47 and its two-hundred day simple moving average is $62.97. Equity Residential has a 1-year low of $57.57 and a 1-year high of $69.03.

Equity Residential (NYSE:EQR) last announced its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.09). Equity Residential had a net margin of 30.63% and a return on equity of 8.57%. The business had revenue of $779.85 million for the quarter, compared to analysts’ expectations of $781.79 million. During the same period in the prior year, the business earned $0.95 earnings per share. The company’s revenue for the quarter 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. Analysts expect that Equity Residential will post 4.09 EPS for the current year.

Equity Residential Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Monday, June 29th will be given a dividend of $0.7025 per share. The ex-dividend date is Monday, June 29th. This represents a $2.81 annualized dividend and a yield of 4.1%. Equity Residential’s dividend payout ratio is presently 112.40%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Equity Residential in a research note on Tuesday, April 21st. Wall Street Zen lowered shares of Equity Residential from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. Mizuho boosted their price target on shares of Equity Residential from $66.00 to $70.00 and gave the stock a “neutral” rating in a report on Wednesday, June 10th. Royal Bank Of Canada downgraded shares of Equity Residential from an “outperform” rating to a “sector perform” rating and upped their price objective for the stock from $69.00 to $70.00 in a research report on Monday, June 8th. Finally, Wells Fargo & Company upped their price objective on shares of Equity Residential from $62.00 to $64.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and thirteen have given a Hold rating to the stock. According to MarketBeat.com, Equity Residential presently has an average rating of “Hold” and an average price target of $70.65.

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.