OP Asset Management Ltd Takes $2.21 Million Position in Equity Residential $EQR

OP Asset Management Ltd acquired a new position in shares of Equity Residential (NYSE:EQR) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 37,371 shares of the real estate investment trust’s stock, valued at approximately $2,210,000.

A number of other hedge funds have also bought and sold shares of the company. CIBC Bancorp USA Inc. bought a new position in shares of Equity Residential in the 3rd quarter worth about $9,094,000. Pensionfund Sabic bought a new stake in shares of Equity Residential during the 4th quarter valued at about $1,567,000. Wolverine Asset Management LLC acquired a new stake in Equity Residential during the fourth quarter worth approximately $1,964,000. Pensionfund PDN bought a new stake in Equity Residential in the fourth quarter worth approximately $3,124,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in 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 worth $63,051,000 after purchasing an additional 55,786 shares in the last quarter. Institutional investors own 92.68% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on EQR shares. Weiss Ratings restated a “hold (c)” rating on shares of Equity Residential in a report on Tuesday, April 21st. Jefferies Financial Group upgraded shares of Equity Residential to a “hold” rating in a research note on Friday. Nordea Equity Research upgraded shares of Equity Residential to a “buy” rating in a research report on Wednesday, May 27th. Mizuho increased their target price on shares of Equity Residential from $66.00 to $70.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 10th. Finally, JPMorgan Chase & Co. raised their price target on shares of Equity Residential from $71.00 to $72.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and thirteen have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $70.65.

Equity Residential Trading Up 2.0%

Shares of Equity Residential stock opened at $68.48 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.18 and a current ratio of 0.18. Equity Residential has a 52 week low of $57.57 and a 52 week high of $69.03. The stock has a 50 day moving average price of $65.47 and a two-hundred day moving average price of $62.97. The stock has a market capitalization of $25.66 billion, a PE ratio of 27.39, a price-to-earnings-growth ratio of 5.43 and a beta of 0.75.

Equity Residential (NYSE:EQR) last issued its 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 firm had revenue of $779.85 million for the quarter, compared to analyst estimates of $781.79 million. During the same period in the previous year, the company earned $0.95 earnings per share. Equity Residential’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. As a group, equities analysts anticipate that Equity Residential will post 4.09 earnings per share for the current fiscal year.

Equity Residential Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Monday, June 29th will be issued 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 4.1%. Equity Residential’s dividend payout ratio is presently 112.40%.

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.