Daiwa Securities Group Inc. Buys 7,817 Shares of Equity Residential $EQR

Daiwa Securities Group Inc. raised its stake in Equity Residential (NYSE:EQR) by 4.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 192,410 shares of the real estate investment trust’s stock after acquiring an additional 7,817 shares during the period. Daiwa Securities Group Inc.’s holdings in Equity Residential were worth $12,130,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Collier Financial bought a new stake in shares of Equity Residential in the 3rd quarter valued at about $26,000. Fulcrum Asset Management LLP bought a new stake in shares of Equity Residential in the 3rd quarter valued at about $27,000. Rosenberg Matthew Hamilton grew its position in shares of Equity Residential by 69.2% in the 4th quarter. Rosenberg Matthew Hamilton now owns 440 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 180 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of Equity Residential in the 3rd quarter valued at about $31,000. Finally, Hantz Financial Services Inc. lifted its stake in shares of Equity Residential by 434.7% in the 3rd quarter. Hantz Financial Services Inc. now owns 540 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 439 shares during the period. Institutional investors own 92.68% of the company’s stock.

Equity Residential Stock Up 0.5%

Shares of NYSE:EQR opened at $68.21 on Friday. The company has a market capitalization of $25.56 billion, a price-to-earnings ratio of 27.29, a P/E/G ratio of 5.41 and a beta of 0.75. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.18 and a quick ratio of 0.18. The business’s 50-day moving average is $63.63 and its 200-day moving average is $62.39. Equity Residential has a 1 year low of $57.57 and a 1 year high of $70.21.

Equity Residential (NYSE:EQR) last posted its quarterly 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 last year, the company posted $0.95 earnings per share. The firm’s quarterly revenue 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 predict that Equity Residential will post 4.09 earnings per share for the current year.

Equity Residential Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Monday, March 30th were paid a dividend of $0.7025 per share. This is an increase from Equity Residential’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend was Monday, March 30th. This represents a $2.81 dividend on an annualized basis and a yield of 4.1%. Equity Residential’s dividend payout ratio (DPR) is currently 112.40%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on EQR. Wells Fargo & Company boosted their price objective on Equity Residential from $62.00 to $64.00 and gave the company an “equal weight” rating in a research note on Thursday, April 23rd. Piper Sandler reissued a “neutral” rating and issued a $72.00 price objective (down from $78.00) on shares of Equity Residential in a research note on Friday, May 29th. Nordea Equity Research raised Equity Residential to a “buy” rating in a research note on Wednesday, May 27th. JPMorgan Chase & Co. boosted their price objective on Equity Residential from $71.00 to $72.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. Finally, Wolfe Research raised Equity Residential from a “hold” rating to an “outperform” rating in a research note on Monday, June 1st. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $69.90.

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.