Resona Asset Management Co. Ltd. Lowers Stock Holdings in Equity Residential $EQR

Resona Asset Management Co. Ltd. lowered its holdings in Equity Residential (NYSE:EQR) by 4.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 200,681 shares of the real estate investment trust’s stock after selling 8,933 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Equity Residential were worth $12,687,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. grew its position 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 valued at $3,728,296,000 after purchasing an additional 1,281,354 shares during the period. State Street Corp grew its position in shares of Equity Residential by 2.8% in the third quarter. State Street Corp now owns 24,922,935 shares of the real estate investment trust’s stock valued at $1,630,103,000 after purchasing an additional 688,854 shares during the period. First Eagle Investment Management LLC grew its position in shares of Equity Residential by 0.5% in the fourth quarter. First Eagle Investment Management LLC now owns 9,242,013 shares of the real estate investment trust’s stock valued at $582,617,000 after purchasing an additional 44,127 shares during the period. Northern Trust Corp grew its position in shares of Equity Residential by 0.6% in the third quarter. Northern Trust Corp now owns 6,231,961 shares of the real estate investment trust’s stock valued at $403,395,000 after purchasing an additional 34,625 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Equity Residential by 3.4% in the third quarter. Dimensional Fund Advisors LP now owns 5,199,635 shares of the real estate investment trust’s stock valued at $336,564,000 after purchasing an additional 173,002 shares during the period. Hedge funds and other institutional investors own 92.68% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on EQR. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Equity Residential in a research report on Tuesday, April 21st. JPMorgan Chase & Co. lifted their price objective on Equity Residential from $71.00 to $72.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. Wall Street Zen downgraded Equity Residential from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. Barclays boosted their price target on Equity Residential from $75.00 to $76.00 and gave the company an “overweight” rating in a research report on Monday, April 27th. Finally, Wells Fargo & Company boosted their price target on Equity Residential from $62.00 to $64.00 and gave the company 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, seven have issued a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $70.11.

Equity Residential Price Performance

EQR stock opened at $66.21 on Thursday. The stock has a 50-day moving average price of $62.00 and a two-hundred day moving average price of $61.82. Equity Residential has a 12-month low of $57.57 and a 12-month high of $70.97. 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 company has a market cap of $24.81 billion, a PE ratio of 26.49, a price-to-earnings-growth ratio of 5.22 and a beta of 0.76.

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

Equity Residential Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Monday, March 30th were paid a dividend of $0.7025 per share. This is a boost from Equity Residential’s previous quarterly dividend of $0.69. This represents a $2.81 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date was Monday, March 30th. 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.