Eurizon Capital SGR S.p.A. Invests $4.29 Million in Equity Residential $EQR

Eurizon Capital SGR S.p.A. acquired a new position in shares of Equity Residential (NYSE:EQR) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 68,055 shares of the real estate investment trust’s stock, valued at approximately $4,294,000.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of 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 worth $3,728,296,000 after purchasing an additional 1,281,354 shares during the last quarter. Aberdeen Group plc boosted its holdings in shares of Equity Residential by 34.6% during the third quarter. Aberdeen Group plc now owns 568,408 shares of the real estate investment trust’s stock worth $36,446,000 after purchasing an additional 146,148 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new stake in shares of Equity Residential during the third quarter worth $9,094,000. National Pension Service boosted its holdings in Equity Residential by 4.6% in the third quarter. National Pension Service now owns 605,494 shares of the real estate investment trust’s stock valued at $39,194,000 after acquiring an additional 26,590 shares during the last quarter. Finally, Caprock Group LLC acquired a new position in Equity Residential in the third quarter valued at $4,232,000. Institutional investors and hedge funds own 92.68% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Morgan Stanley upgraded Equity Residential from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $72.00 to $74.00 in a report on Thursday, March 26th. Piper Sandler reiterated a “neutral” rating and issued a $72.00 target price (down from $78.00) on shares of Equity Residential in a report on Friday. BNP Paribas Exane lifted their target price on Equity Residential from $68.00 to $70.00 and gave the company a “neutral” rating in a report on Monday, May 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of Equity Residential in a report on Tuesday, April 21st. Finally, Bank of America upgraded Equity Residential from a “neutral” rating to a “buy” rating and set a $76.00 target price on the stock in a report on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Equity Residential currently has a consensus rating of “Moderate Buy” and an average target price of $69.90.

Equity Residential Trading Up 0.7%

Shares of EQR opened at $65.92 on Tuesday. The stock’s 50-day moving average is $62.93 and its two-hundred day moving average is $62.20. The stock has a market cap of $24.70 billion, a PE ratio of 26.37, a P/E/G ratio of 5.19 and a beta of 0.75. Equity Residential has a 12 month low of $57.57 and a 12 month high of $70.21. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.18 and a quick ratio of 0.18.

Equity Residential (NYSE:EQR) last issued its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $0.24 EPS 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 company had revenue of $779.85 million for the quarter, compared to analyst estimates of $781.79 million. During the same quarter in the prior year, the firm earned $0.95 EPS. The company’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 analysts forecast that Equity Residential will post 4.09 earnings per share for the current fiscal year.

Equity Residential Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Monday, March 30th were given a dividend of $0.7025 per share. The ex-dividend date of this dividend was Monday, March 30th. This is a positive change from Equity Residential’s previous quarterly dividend of $0.69. This represents a $2.81 dividend on an annualized basis and a dividend yield of 4.3%. 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.