Wolverine Asset Management LLC Purchases Shares of 31,155 Equity Residential $EQR

Key Points

• Wolverine Asset Management LLC bought a new stake of 31,155 shares in Equity Residential (EQR) during Q4, valued at about $1.96 million, and institutional investors now own roughly 92.68% of the company.
• Equity Residential reported a quarterly EPS miss of $0.24 versus $0.33 expected and revenue of $779.85 million (slightly below consensus), while issuing FY2026 guidance of 4.020–4.140 EPS (sell-side average ~4.09).
• The company raised its quarterly dividend to $0.7025 (annualized $2.81) for a ~4.3% yield, although the payout ratio is high at 112.4%.

Wolverine Asset Management LLC purchased a new stake in Equity Residential (NYSE:EQR - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 31,155 shares of the real estate investment trust's stock, valued at approximately $1,964,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of 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 worth $3,728,296,000 after acquiring an additional 1,281,354 shares during the last quarter. Baillie Gifford & Co. raised its stake in shares of 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 worth $7,456,000 after acquiring an additional 97,906 shares during the last quarter. Aberdeen Group plc raised its stake in shares of 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 worth $36,446,000 after acquiring an additional 146,148 shares during the last quarter. CIBC Bancorp USA Inc. bought a new position in shares of Equity Residential in the third quarter worth about $9,094,000. Finally, National Pension Service raised its stake in shares of 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 worth $39,194,000 after acquiring an additional 26,590 shares during the last quarter. Institutional investors own 92.68% of the company's stock.

Insider Buying and Selling at Equity Residential

In other Equity Residential news, EVP Catherine Carraway sold 656 shares of the company's stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $65.13, for a total value of $42,725.28. Following the completion of the sale, the executive vice president owned 18,339 shares of the company's stock, valued at approximately $1,194,419.07. This represents a 3.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Robert Garechana sold 3,637 shares of the company's stock in a transaction that occurred on 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 of the company's stock, valued at $1,220,536.20. The trade was a 16.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 10,058 shares of company stock valued at $655,078. Corporate insiders own 1.20% of the company's stock.

Equity Residential Trading Up 0.1%

EQR opened at $65.25 on Tuesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.18 and a quick ratio of 0.18. The company has a market cap of $24.45 billion, a price-to-earnings ratio of 26.10, a price-to-earnings-growth ratio of 4.92 and a beta of 0.76. The firm has a 50 day simple moving average of $61.37 and a 200 day simple moving average of $61.52. Equity Residential has a fifty-two week low of $57.57 and a fifty-two week high of $71.80.

Equity Residential (NYSE:EQR - Get Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing analysts' consensus estimates of $0.33 by ($0.09). Equity Residential had a return on equity of 8.57% and a net margin of 30.63%.The business had revenue of $779.85 million for the quarter, compared to the consensus estimate of $781.79 million. During the same period last year, the firm earned $0.95 earnings per share. The company's quarterly 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, sell-side analysts anticipate that Equity Residential will post 4.09 earnings per share for the current year.

Equity Residential Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Monday, March 30th were paid a $0.7025 dividend. The ex-dividend date of this dividend was Monday, March 30th. This is a boost from Equity Residential's previous quarterly dividend of $0.69. This represents a $2.81 annualized dividend and a yield of 4.3%. Equity Residential's payout ratio is currently 112.40%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on EQR shares. Royal Bank Of Canada boosted their price target on shares of Equity Residential from $67.00 to $69.00 and gave the stock an "outperform" rating in a research note on Thursday. BNP Paribas Exane boosted their price target on shares of Equity Residential from $66.00 to $68.00 and gave the stock a "neutral" rating in a research note on Tuesday, March 3rd. Evercore boosted their price target on shares of Equity Residential from $67.00 to $70.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 29th. Stifel Nicolaus dropped their price target on shares of Equity Residential from $78.50 to $78.25 and set a "buy" rating for the company in a research note on Wednesday, April 29th. Finally, Scotiabank boosted their price target on shares of Equity Residential from $66.00 to $67.00 and gave the stock a "sector perform" rating in a research note on Wednesday, March 4th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $69.86.

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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