Equity Residential (NYSE:EQR) COO Sells $375,474.45 in Stock

Equity Residential (NYSE:EQR) COO Michael Manelis sold 5,765 shares of Equity Residential stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $65.13, for a total transaction of $375,474.45. Following the sale, the chief operating officer directly owned 46,131 shares of the company’s stock, valued at $3,004,512.03. This represents a 11.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Equity Residential Trading Down 1.3%

Shares of EQR traded down $0.84 during mid-day trading on Wednesday, reaching $64.73. The company’s stock had a trading volume of 3,402,144 shares, compared to its average volume of 2,721,283. The company’s fifty day moving average price is $61.90 and its two-hundred day moving average price is $62.61. The company has a current ratio of 0.31, a quick ratio of 0.45 and a debt-to-equity ratio of 0.73. Equity Residential has a 52 week low of $58.38 and a 52 week high of $75.86. The stock has a market cap of $24.63 billion, a PE ratio of 22.09, a P/E/G ratio of 4.43 and a beta of 0.76.

Equity Residential (NYSE:EQR) last issued its earnings results on Thursday, February 5th. The real estate investment trust reported $1.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.01). Equity Residential had a return on equity of 9.98% and a net margin of 36.20%.The firm had revenue of $781.91 million during the quarter, compared to the consensus estimate of $786.35 million. During the same quarter in the prior year, the business posted $1.00 EPS. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. 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. On average, analysts predict that Equity Residential will post 3.98 earnings per share for the current fiscal year.

Equity Residential Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Friday, January 2nd were paid a dividend of $0.6925 per share. The ex-dividend date of this dividend was Friday, January 2nd. This represents a $2.77 annualized dividend and a yield of 4.3%. Equity Residential’s payout ratio is presently 94.54%.

Hedge Funds Weigh In On Equity Residential

A number of institutional investors have recently modified their holdings of the stock. Collier Financial purchased a new stake in shares of Equity Residential in the 3rd quarter worth approximately $26,000. CVA Family Office LLC boosted its stake in Equity Residential by 425.3% in the 2nd quarter. CVA Family Office LLC now owns 415 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 336 shares in the last quarter. Fulcrum Asset Management LLP acquired a new position in shares of Equity Residential in the 3rd quarter valued at $27,000. Rosenberg Matthew Hamilton increased its holdings 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 valued at $28,000 after purchasing an additional 180 shares during the period. Finally, Harvest Fund Management Co. Ltd purchased a new position in Equity Residential during the 3rd quarter worth approximately $31,000. 92.68% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

EQR has been the subject of several recent analyst reports. Stifel Nicolaus set a $78.50 price target on Equity Residential in a research note on Friday, February 6th. Scotiabank dropped their price target on shares of Equity Residential from $73.00 to $66.00 and set a “sector perform” rating on the stock in a research note on Tuesday, November 4th. Cantor Fitzgerald boosted their price objective on Equity Residential from $61.00 to $64.00 and gave the company a “neutral” rating in a research note on Monday. Jefferies Financial Group decreased their price target on Equity Residential from $68.00 to $65.00 and set a “hold” rating on the stock in a report on Tuesday, November 11th. Finally, BMO Capital Markets cut Equity Residential from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $70.00 to $68.00 in a research report on Friday, January 9th. Seven research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $69.58.

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.