Exchange Traded Concepts LLC Buys 29,398 Shares of Equity Residential $EQR

Key Points

• Exchange Traded Concepts LLC raised its stake in Equity Residential by 38.1%, buying 29,398 shares to hold 106,633 shares worth about $6.72M per its latest 13F filing.
• Equity Residential increased its quarterly dividend to $0.7025 (annualized $2.81), implying a 4.8% yield; the ex-dividend date is March 30 and the payment is April 10.
• Insiders have sold 10,058 shares worth $655,078 over the past 90 days, while institutional investors collectively own about 92.68% of the company.

Exchange Traded Concepts LLC raised its stake in Equity Residential (NYSE:EQR - Free Report) by 38.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 106,633 shares of the real estate investment trust's stock after acquiring an additional 29,398 shares during the quarter. Exchange Traded Concepts LLC's holdings in Equity Residential were worth $6,722,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of EQR. Empowered Funds LLC increased its holdings in shares of Equity Residential by 3.1% in the first quarter. Empowered Funds LLC now owns 7,489 shares of the real estate investment trust's stock valued at $536,000 after purchasing an additional 226 shares in the last quarter. Vinva Investment Management Ltd bought a new position in Equity Residential in the 2nd quarter worth approximately $305,000. Quadrant Capital Group LLC lifted its holdings in Equity Residential by 18.8% during the 2nd quarter. Quadrant Capital Group LLC now owns 6,685 shares of the real estate investment trust's stock worth $451,000 after buying an additional 1,059 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in Equity Residential by 0.8% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 406,132 shares of the real estate investment trust's stock worth $27,410,000 after buying an additional 3,277 shares in the last quarter. Finally, Groupama Asset Managment bought a new position in Equity Residential in the 2nd quarter valued at $665,000. 92.68% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Equity Residential news, EVP Catherine Carraway sold 656 shares of Equity Residential stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $65.13, for a total transaction of $42,725.28. Following the transaction, the executive vice president directly owned 18,339 shares in the company, valued at approximately $1,194,419.07. The trade was a 3.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Robert Garechana sold 3,637 shares of the business's stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $65.13, for a total value of $236,877.81. Following the completion of the transaction, the executive vice president directly owned 18,740 shares of the company's stock, valued at approximately $1,220,536.20. The trade was a 16.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 10,058 shares of company stock worth $655,078. Corporate insiders own 1.00% of the company's stock.

Equity Residential Stock Down 0.0%

Shares of NYSE EQR opened at $58.75 on Monday. Equity Residential has a 52-week low of $57.57 and a 52-week high of $72.40. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.31 and a current ratio of 0.31. The stock has a market cap of $22.18 billion, a P/E ratio of 20.05, a P/E/G ratio of 4.43 and a beta of 0.75. The firm has a 50 day moving average price of $61.91 and a 200 day moving average price of $61.94.

Equity Residential (NYSE:EQR - Get Free Report) last posted its earnings results on Thursday, February 5th. The real estate investment trust reported $1.03 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.01). The firm had revenue of $781.91 million during the quarter, compared to analyst estimates of $786.35 million. Equity Residential had a return on equity of 9.98% and a net margin of 36.20%.The company's revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter last year, the business posted $1.00 earnings per share. 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. Analysts expect that Equity Residential will post 3.98 EPS for the current year.

Equity Residential Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Monday, March 30th will be paid a dividend of $0.7025 per share. This represents a $2.81 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend is Monday, March 30th. This is a boost from Equity Residential's previous quarterly dividend of $0.69. Equity Residential's dividend payout ratio (DPR) is 94.54%.

Wall Street Analyst Weigh In

EQR has been the subject of a number of recent research reports. The Goldman Sachs Group boosted their target price on Equity Residential from $69.00 to $71.00 and gave the stock a "neutral" rating in a research report on Thursday, February 12th. Piper Sandler set a $78.00 price target on Equity Residential in a report on Tuesday, January 27th. Argus set a $70.00 price objective on Equity Residential in a research report on Thursday, March 12th. Mizuho boosted their price objective on Equity Residential from $65.00 to $66.00 and gave the stock a "neutral" rating in a report on Friday, March 6th. Finally, Evercore upped their target price on shares of Equity Residential from $69.00 to $70.00 in a research report on Monday, March 9th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $69.73.

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.

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