Victory Capital Management Inc. Acquires 8,699 Shares of Equity Residential $EQR

Victory Capital Management Inc. increased its holdings in shares of Equity Residential (NYSE:EQR) by 3.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 272,632 shares of the real estate investment trust’s stock after acquiring an additional 8,699 shares during the quarter. Victory Capital Management Inc. owned about 0.07% of Equity Residential worth $17,647,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. CI Investments Inc. increased its holdings in shares of Equity Residential by 0.6% in the third quarter. CI Investments Inc. now owns 37,510 shares of the real estate investment trust’s stock valued at $2,428,000 after purchasing an additional 211 shares during the last quarter. Kingsview Wealth Management LLC grew its stake in Equity Residential by 14.4% in the 3rd quarter. Kingsview Wealth Management LLC now owns 3,456 shares of the real estate investment trust’s stock valued at $224,000 after buying an additional 436 shares during the last quarter. Lasalle Investment Management Securities LLC grew its stake in Equity Residential by 1.5% in the 3rd quarter. Lasalle Investment Management Securities LLC now owns 1,173,086 shares of the real estate investment trust’s stock valued at $75,934,000 after buying an additional 16,919 shares during the last quarter. Rafferty Asset Management LLC raised its holdings in Equity Residential by 7.8% in the 3rd quarter. Rafferty Asset Management LLC now owns 46,738 shares of the real estate investment trust’s stock valued at $3,025,000 after acquiring an additional 3,396 shares during the period. Finally, American Century Companies Inc. raised its holdings in Equity Residential by 2.8% in the 3rd quarter. American Century Companies Inc. now owns 2,826,873 shares of the real estate investment trust’s stock valued at $182,984,000 after acquiring an additional 77,511 shares during the period. Institutional investors and hedge funds own 92.68% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on EQR. Jefferies Financial Group reduced their price objective on Equity Residential from $68.00 to $65.00 and set a “hold” rating for the company in a report on Tuesday, November 11th. Piper Sandler set a $78.00 price target on Equity Residential in a report on Tuesday, January 27th. BNP Paribas Exane boosted their price target on Equity Residential from $66.00 to $68.00 and gave the company a “neutral” rating in a research note on Tuesday, March 3rd. Evercore increased their price objective on Equity Residential from $69.00 to $70.00 in a research report on Monday. Finally, Truist Financial dropped their target price on Equity Residential from $75.00 to $70.00 and set a “buy” rating for the company in a report on Monday, November 17th. Six research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the stock. According to data from MarketBeat, Equity Residential presently has an average rating of “Hold” and an average price target of $69.68.

Insiders Place Their Bets

In related news, EVP Catherine Carraway sold 656 shares of the 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 $42,725.28. Following the sale, the executive vice president owned 18,339 shares in the company, valued at approximately $1,194,419.07. This trade represents a 3.45% decrease in their position. 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 Equity Residential 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 transaction, the executive vice president directly owned 18,740 shares in the company, valued at $1,220,536.20. This trade represents a 16.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 10,058 shares of company stock worth $655,078 over the last ninety days. Corporate insiders own 1.00% of the company’s stock.

Equity Residential Trading Down 1.2%

Shares of NYSE:EQR opened at $61.46 on Wednesday. The company has a market capitalization of $23.20 billion, a P/E ratio of 20.98, a P/E/G ratio of 4.69 and a beta of 0.75. Equity Residential has a 1 year low of $58.38 and a 1 year high of $72.64. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.31 and a quick ratio of 0.31. The business’s 50 day simple moving average is $62.49 and its 200 day simple moving average is $62.50.

Equity Residential (NYSE:EQR) last announced its quarterly earnings data 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 company had revenue of $781.91 million during the quarter, compared to analyst estimates of $786.35 million. Equity Residential had a net margin of 36.20% and a return on equity of 9.98%. Equity Residential’s revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the firm earned $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. On average, research analysts anticipate that Equity Residential will post 3.98 EPS for the current fiscal year.

Equity Residential Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Friday, January 2nd were paid a dividend of $0.6925 per share. This represents a $2.77 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date was Friday, January 2nd. Equity Residential’s dividend payout ratio is presently 94.54%.

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.