Geode Capital Management LLC Buys 114,604 Shares of Equity Residential $EQR

Geode Capital Management LLC lifted its stake in Equity Residential (NYSE:EQR) by 1.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,258,275 shares of the real estate investment trust’s stock after buying an additional 114,604 shares during the quarter. Geode Capital Management LLC’s holdings in Equity Residential were worth $644,412,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Allstate Corp raised its stake in shares of Equity Residential by 129.1% in the fourth quarter. Allstate Corp now owns 55,158 shares of the real estate investment trust’s stock worth $3,477,000 after buying an additional 31,087 shares during the period. Summitry LLC raised its stake in shares of Equity Residential by 13.2% in the fourth quarter. Summitry LLC now owns 3,613 shares of the real estate investment trust’s stock worth $228,000 after buying an additional 420 shares during the period. Clearstead Advisors LLC raised its stake in shares of Equity Residential by 229.1% in the fourth quarter. Clearstead Advisors LLC now owns 905 shares of the real estate investment trust’s stock worth $57,000 after buying an additional 630 shares during the period. Legal & General Group Plc raised its stake in shares of Equity Residential by 3.5% in the fourth quarter. Legal & General Group Plc now owns 5,223,500 shares of the real estate investment trust’s stock worth $329,289,000 after buying an additional 178,057 shares during the period. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of Equity Residential in the fourth quarter worth about $283,000. Institutional investors own 92.68% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Nordea Equity Research raised Equity Residential to a “buy” rating in a research note on Wednesday. Barclays raised their price objective on Equity Residential from $75.00 to $76.00 and gave the stock an “overweight” rating in a research note on Monday, April 27th. Jefferies Financial Group cut their target price on Equity Residential from $65.00 to $64.00 and set a “hold” rating for the company in a research report on Tuesday, April 14th. Wall Street Zen cut Equity Residential from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. Finally, Morgan Stanley upgraded Equity Residential from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $72.00 to $74.00 in a research report on Thursday, March 26th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat, Equity Residential has an average rating of “Moderate Buy” and an average price target of $69.90.

Equity Residential Stock Performance

NYSE:EQR opened at $65.48 on Friday. 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 12-month low of $57.57 and a 12-month high of $70.31. The stock has a 50-day moving average price of $62.80 and a 200 day moving average price of $62.14. The stock has a market capitalization of $24.53 billion, a P/E ratio of 26.19, a P/E/G ratio of 5.19 and a beta of 0.76.

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

Equity Residential Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Monday, March 30th were issued a dividend of $0.7025 per share. The ex-dividend date was Monday, March 30th. This represents a $2.81 annualized dividend and a yield of 4.3%. This is a boost from Equity Residential’s previous quarterly dividend of $0.69. Equity Residential’s dividend payout ratio (DPR) is 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.