Uhlmann Price Securities LLC Acquires Shares of 21,451 Equity Residential $EQR

Uhlmann Price Securities LLC acquired a new stake in shares of Equity Residential (NYSE:EQR) in the first quarter, Holdings Channel.com reports. The institutional investor acquired 21,451 shares of the real estate investment trust’s stock, valued at approximately $1,269,000.

A number of other hedge funds have also recently made changes to their positions in EQR. CIBC Bancorp USA Inc. acquired a new position in Equity Residential during the 3rd quarter valued at about $9,094,000. Pensionfund Sabic purchased a new stake in shares of Equity Residential in the fourth quarter worth approximately $1,567,000. Wolverine Asset Management LLC purchased a new stake in shares of Equity Residential in the fourth quarter worth approximately $1,964,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Equity Residential by 5.8% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,016,454 shares of the real estate investment trust’s stock valued at $63,051,000 after purchasing an additional 55,786 shares in the last quarter. Finally, Pensionfund PDN bought a new position in shares of Equity Residential in the fourth quarter valued at approximately $3,124,000. 92.68% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Nordea Equity Research upgraded Equity Residential to a “buy” rating in a report on Wednesday, May 27th. Morgan Stanley raised Equity Residential from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $72.00 to $74.00 in a research report on Thursday, March 26th. Wolfe Research upgraded Equity Residential from a “hold” rating to an “outperform” rating in a research note on Monday, June 1st. Piper Sandler reaffirmed a “neutral” rating and set a $72.00 price objective (down from $78.00) on shares of Equity Residential in a report on Friday, May 29th. Finally, Scotiabank upped their target price 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 research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to MarketBeat, Equity Residential presently has a consensus rating of “Hold” and an average price target of $70.65.

Equity Residential Stock Down 0.1%

EQR stock opened at $64.00 on Friday. The stock’s fifty day simple moving average is $64.92 and its two-hundred day simple moving average is $62.80. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.77. Equity Residential has a 1-year low of $57.57 and a 1-year high of $69.87. The stock has a market cap of $23.98 billion, a P/E ratio of 25.60, a P/E/G ratio of 5.09 and a beta of 0.75.

Equity Residential (NYSE:EQR) last announced its quarterly earnings data 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 business had revenue of $779.85 million during the quarter, compared to the consensus estimate of $781.79 million. During the same quarter last year, the company earned $0.95 EPS. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. 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. Analysts expect that Equity Residential will post 4.09 EPS for the current year.

Equity Residential Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Monday, June 29th will be given a dividend of $0.7025 per share. The ex-dividend date is Monday, June 29th. This represents a $2.81 annualized dividend and a yield of 4.4%. Equity Residential’s dividend payout ratio is presently 112.40%.

Equity Residential Company 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.