Coronation Fund Managers Ltd. Invests $15.20 Million in Equity Residential $EQR

Key Points

• Coronation Fund Managers Ltd. initiated a new position in Equity Residential (NYSE:EQR) in Q4, purchasing 241,124 shares worth about $15.2 million, equal to roughly 0.06% of the company.
• Equity Residential reported Q4 EPS of $1.03 (missed by $0.01) on $781.9 million in revenue, and set Q1 2026 guidance of $0.94–0.98 and FY 2026 guidance of $4.02–4.14 (consensus ~4.07).
• The company raised its quarterly dividend to $0.7025 (annualized $2.81), yielding about 4.5% with a payout ratio near 95.9%.

Coronation Fund Managers Ltd. purchased a new position in Equity Residential (NYSE:EQR - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 241,124 shares of the real estate investment trust's stock, valued at approximately $15,200,000. Coronation Fund Managers Ltd. owned 0.06% of Equity Residential as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in EQR. Vanguard Group Inc. increased its stake in Equity Residential by 2.3% in the third quarter. Vanguard Group Inc. now owns 57,597,658 shares of the real estate investment trust's stock valued at $3,728,296,000 after acquiring an additional 1,281,354 shares during the last quarter. Baillie Gifford & Co. increased its stake in Equity Residential by 566.7% in the third quarter. Baillie Gifford & Co. now owns 115,181 shares of the real estate investment trust's stock valued at $7,456,000 after acquiring an additional 97,906 shares during the last quarter. Aberdeen Group plc increased its stake in Equity Residential by 34.6% in the third quarter. Aberdeen Group plc now owns 568,408 shares of the real estate investment trust's stock valued at $36,446,000 after acquiring an additional 146,148 shares during the last quarter. CIBC Bancorp USA Inc. bought a new position in Equity Residential in the third quarter valued at $9,094,000. Finally, National Pension Service increased its stake in Equity Residential by 4.6% in the third quarter. National Pension Service now owns 605,494 shares of the real estate investment trust's stock valued at $39,194,000 after acquiring an additional 26,590 shares during the last quarter. Institutional investors own 92.68% of the company's stock.

Equity Residential Stock Performance

NYSE EQR opened at $62.26 on Friday. The company has a 50-day simple moving average of $61.28 and a two-hundred day simple moving average of $61.46. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.73. Equity Residential has a 12-month low of $57.57 and a 12-month high of $72.40. The firm has a market cap of $23.33 billion, a price-to-earnings ratio of 21.25, a PEG ratio of 4.75 and a beta of 0.73.

Equity Residential (NYSE:EQR - Get Free Report) last posted its quarterly earnings results on Thursday, February 5th. The real estate investment trust reported $1.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.01). Equity Residential had a net margin of 36.20% and a return on equity of 9.98%. The business had revenue of $781.91 million for the quarter, compared to analysts' expectations of $786.35 million. During the same quarter in the previous year, the company earned $1.00 earnings per share. The business's quarterly revenue was up 2.0% on a year-over-year basis. Equity Residential has set its Q1 2026 guidance at 0.940-0.980 EPS and its FY 2026 guidance at 4.020-4.140 EPS. On average, equities analysts forecast that Equity Residential will post 4.07 EPS for the current year.

Equity Residential Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Monday, March 30th were given a dividend of $0.7025 per share. The ex-dividend date was Monday, March 30th. This is a positive change from Equity Residential's previous quarterly dividend of $0.69. This represents a $2.81 annualized dividend and a yield of 4.5%. Equity Residential's dividend payout ratio (DPR) is currently 95.90%.

Wall Street Analysts Forecast Growth

EQR has been the topic of a number of research analyst reports. Scotiabank increased their target price on Equity Residential from $66.00 to $67.00 and gave the company a "sector perform" rating in a research note on Wednesday, March 4th. Morgan Stanley raised Equity Residential from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $72.00 to $74.00 in a research note on Thursday, March 26th. The Goldman Sachs Group reduced their target price on Equity Residential from $71.00 to $69.00 and set a "neutral" rating on the stock in a research note on Thursday, April 16th. BNP Paribas Exane increased their target price on Equity Residential from $66.00 to $68.00 and gave the company a "neutral" rating in a research note on Tuesday, March 3rd. Finally, Stifel Nicolaus set a $78.50 target price on Equity Residential in a research note on Friday, February 6th. One investment 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 stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $69.48.

Insider Buying and Selling at Equity Residential

In other news, EVP Robert Garechana sold 3,637 shares of the stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $65.13, for a total transaction of $236,877.81. Following the completion of the sale, the executive vice president directly owned 18,740 shares in the company, valued at approximately $1,220,536.20. This represents a 16.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Michael L. Manelis sold 5,765 shares of the stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $65.13, for a total transaction of $375,474.45. Following the sale, the chief operating officer owned 46,131 shares of the company's stock, valued at approximately $3,004,512.03. This represents a 11.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 10,058 shares of company stock worth $655,078 over the last three months. Company insiders own 1.10% of the company's stock.

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.

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