Andra AP fonden Sells 61,600 Shares of Equity Residential $EQR

Andra AP fonden cut its stake in shares of Equity Residential (NYSE:EQR - Free Report) by 38.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 98,900 shares of the real estate investment trust's stock after selling 61,600 shares during the period. Andra AP fonden's holdings in Equity Residential were worth $5,850,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of EQR. Empowered Funds LLC increased its holdings in shares of Equity Residential by 3.1% during the first quarter. Empowered Funds LLC now owns 7,489 shares of the real estate investment trust's stock worth $536,000 after purchasing an additional 226 shares during the period. Cresset Asset Management LLC grew its position in Equity Residential by 13.9% during the 2nd quarter. Cresset Asset Management LLC now owns 4,836 shares of the real estate investment trust's stock worth $330,000 after acquiring an additional 590 shares during the last quarter. Jump Financial LLC raised its holdings in Equity Residential by 96.1% in the 2nd quarter. Jump Financial LLC now owns 11,300 shares of the real estate investment trust's stock valued at $763,000 after buying an additional 5,537 shares during the last quarter. Federated Hermes Inc. acquired a new position in Equity Residential in the 2nd quarter valued at approximately $100,000. Finally, Cerity Partners LLC grew its position in shares of Equity Residential by 170.7% in the 2nd quarter. Cerity Partners LLC now owns 20,646 shares of the real estate investment trust's stock valued at $1,393,000 after buying an additional 13,018 shares during the last quarter. Institutional investors and hedge funds own 92.68% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on EQR. Barclays restated an "equal weight" rating and issued a $76.00 target price on shares of Equity Residential in a report on Tuesday, July 14th. Nordea Equity Research raised Equity Residential to a "buy" rating in a research report on Wednesday, May 27th. Scotiabank upped their price target on Equity Residential from $67.00 to $70.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 9th. Mizuho boosted their price target on shares of Equity Residential from $66.00 to $70.00 and gave the company a "neutral" rating in a research note on Wednesday, June 10th. Finally, Wolfe Research upgraded shares of Equity Residential from a "hold" rating to an "outperform" rating in a report on Monday, June 1st. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and fourteen have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $71.40.

Equity Residential Price Performance

Shares of NYSE EQR opened at $68.20 on Thursday. 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 company has a market capitalization of $25.57 billion, a PE ratio of 27.28, a PEG ratio of 5.42 and a beta of 0.74. The stock's 50 day moving average price is $67.16 and its 200-day moving average price is $63.86. Equity Residential has a twelve month low of $57.57 and a twelve month high of $71.50.

Equity Residential (NYSE:EQR - Get Free Report) last posted 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 business had revenue of $779.85 million during the quarter, compared to analysts' expectations of $781.79 million. Equity Residential had a return on equity of 8.57% and a net margin of 30.63%.The firm's revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.95 EPS. 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, equities analysts anticipate that Equity Residential will post 4.09 EPS for the current year.

Equity Residential Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Monday, June 29th were paid a $0.7025 dividend. This represents a $2.81 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Monday, June 29th. Equity Residential's payout ratio is presently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.