NEOS Investment Management LLC Purchases 29,466 Shares of Equity Residential $EQR

NEOS Investment Management LLC grew its position in shares of Equity Residential (NYSE:EQR) by 63.3% in the third quarter, Holdings Channel reports. The firm owned 75,983 shares of the real estate investment trust’s stock after purchasing an additional 29,466 shares during the period. NEOS Investment Management LLC’s holdings in Equity Residential were worth $4,918,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in EQR. Merit Financial Group LLC boosted its holdings in shares of Equity Residential by 14.8% in the 3rd quarter. Merit Financial Group LLC now owns 5,707 shares of the real estate investment trust’s stock worth $369,000 after purchasing an additional 737 shares in the last quarter. Skandinaviska Enskilda Banken AB publ boosted its stake in Equity Residential by 155.4% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 359,191 shares of the real estate investment trust’s stock worth $23,250,000 after buying an additional 218,554 shares in the last quarter. Summitry LLC boosted its stake in Equity Residential by 6.3% in the third quarter. Summitry LLC now owns 3,193 shares of the real estate investment trust’s stock worth $207,000 after buying an additional 189 shares in the last quarter. Vanguard Group Inc. grew its position in Equity Residential by 2.3% during 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 acquiring an additional 1,281,354 shares during the last quarter. Finally, Fifth Third Bancorp raised its stake in shares of Equity Residential by 24.4% during the third quarter. Fifth Third Bancorp now owns 9,246 shares of the real estate investment trust’s stock worth $598,000 after acquiring an additional 1,815 shares in the last quarter. Institutional investors own 92.68% of the company’s stock.

Equity Residential Trading Up 0.2%

Shares of EQR opened at $63.61 on Thursday. Equity Residential has a 1-year low of $58.38 and a 1-year high of $75.86. The company has a current ratio of 0.31, a quick ratio of 0.45 and a debt-to-equity ratio of 0.73. The firm’s 50-day moving average price is $62.24 and its 200-day moving average price is $62.58. The firm has a market capitalization of $24.02 billion, a price-to-earnings ratio of 21.71, a PEG ratio of 4.77 and a beta of 0.76.

Equity Residential (NYSE:EQR) last issued its quarterly earnings data on Thursday, February 5th. The real estate investment trust reported $1.03 EPS 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 analysts’ expectations of $786.35 million. Equity Residential had a return on equity of 9.98% and a net margin of 36.20%.The business’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the business 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. Sell-side analysts anticipate that Equity Residential will post 3.98 EPS for the current year.

Equity Residential Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Friday, January 2nd were paid a $0.6925 dividend. This represents a $2.77 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend was Friday, January 2nd. Equity Residential’s dividend payout ratio is presently 94.54%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Royal Bank Of Canada cut their price objective on shares of Equity Residential from $70.00 to $68.00 and set an “outperform” rating for the company in a research note on Thursday, January 15th. Scotiabank lowered their price target on shares of Equity Residential from $73.00 to $66.00 and set a “sector perform” rating for the company in a research note on Tuesday, November 4th. Truist Financial reduced their price objective on Equity Residential from $75.00 to $70.00 and set a “buy” rating on the stock in a research note on Monday, November 17th. Cantor Fitzgerald lifted their price objective on Equity Residential from $61.00 to $64.00 and gave the stock a “neutral” rating in a report on Monday, February 9th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Equity Residential in a report on Thursday, January 22nd. Six equities research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $69.78.

Insider Buying and Selling

In other news, COO Michael L. Manelis sold 5,765 shares of the business’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $65.13, for a total transaction of $375,474.45. Following the sale, the chief operating officer owned 46,131 shares in the company, valued at approximately $3,004,512.03. The trade was a 11.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Catherine Carraway sold 656 shares of the stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $65.13, for a total transaction of $42,725.28. Following the completion of the transaction, the executive vice president owned 18,339 shares of the company’s stock, valued at approximately $1,194,419.07. The trade was a 3.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 10,058 shares of company stock valued at $655,078 over the last ninety days. Company insiders own 1.10% of the company’s stock.

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.