Equity Residential $EQR Shares Purchased by Lasalle Investment Management Securities LLC

Lasalle Investment Management Securities LLC grew its stake in Equity Residential (NYSE:EQR) by 18.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,389,244 shares of the real estate investment trust’s stock after buying an additional 216,158 shares during the quarter. Equity Residential makes up approximately 3.5% of Lasalle Investment Management Securities LLC’s portfolio, making the stock its 10th largest holding. Lasalle Investment Management Securities LLC’s holdings in Equity Residential were worth $87,578,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Rosenberg Matthew Hamilton lifted its position in shares of Equity Residential by 69.2% in the fourth quarter. Rosenberg Matthew Hamilton now owns 440 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 180 shares during the last quarter. Summitry LLC lifted its position in shares of 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 during the last quarter. MAI Capital Management lifted its position in shares of Equity Residential by 5.4% in the third quarter. MAI Capital Management now owns 3,933 shares of the real estate investment trust’s stock worth $255,000 after buying an additional 202 shares during the last quarter. CI Investments Inc. lifted its position 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 worth $2,428,000 after buying an additional 211 shares during the last quarter. Finally, Empowered Funds LLC lifted its position in shares of Equity Residential by 3.1% in the first quarter. Empowered Funds LLC now owns 7,489 shares of the real estate investment trust’s stock worth $536,000 after buying an additional 226 shares during the last quarter. Institutional investors and hedge funds own 92.68% of the company’s stock.

Equity Residential Price Performance

NYSE EQR opened at $65.48 on Monday. Equity Residential has a twelve month low of $57.57 and a twelve month high of $70.31. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.18 and a current ratio of 0.18. The stock has a market capitalization of $24.53 billion, a PE ratio of 26.19, a P/E/G ratio of 5.19 and a beta of 0.75. The stock has a 50-day simple moving average of $62.80 and a 200 day simple moving average of $62.16.

Equity Residential (NYSE:EQR) last posted its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $0.24 earnings per share 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 analyst estimates of $781.79 million. During the same period in the prior year, the firm posted $0.95 EPS. Equity Residential’s revenue for the quarter was up 2.5% on a year-over-year basis. 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. Research analysts anticipate that Equity Residential will post 4.09 EPS 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 a positive change from Equity Residential’s previous quarterly dividend of $0.69. This represents a $2.81 annualized dividend and a yield of 4.3%. The ex-dividend date was Monday, March 30th. Equity Residential’s dividend payout ratio is presently 112.40%.

Analysts Set New Price Targets

A number of brokerages have weighed in on EQR. BNP Paribas Exane boosted their price target on Equity Residential from $68.00 to $70.00 and gave the stock a “neutral” rating in a research report on Monday, May 18th. Morgan Stanley raised Equity Residential from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $72.00 to $74.00 in a research report on Thursday, March 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Equity Residential in a research report on Tuesday, April 21st. Stifel Nicolaus boosted their price target on Equity Residential from $78.25 to $79.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Scotiabank boosted their price target on Equity Residential from $66.00 to $67.00 and gave the stock a “sector perform” rating in a research report on Wednesday, March 4th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat.com, Equity Residential has a consensus rating of “Moderate Buy” and a consensus target price of $69.90.

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.