JPMorgan Chase & Co. Trims Stock Holdings in Equity Residential $EQR

JPMorgan Chase & Co. reduced its holdings in shares of Equity Residential (NYSE:EQR) by 10.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 2,889,385 shares of the real estate investment trust’s stock after selling 353,797 shares during the period. JPMorgan Chase & Co.’s holdings in Equity Residential were worth $187,030,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the business. State of New Jersey Common Pension Fund D increased its stake in Equity Residential by 2.8% in the third quarter. State of New Jersey Common Pension Fund D now owns 158,911 shares of the real estate investment trust’s stock worth $10,286,000 after purchasing an additional 4,274 shares during the period. Aberdeen Group plc grew its holdings in shares of Equity Residential by 34.6% in 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. Naviter Wealth LLC increased its stake in Equity Residential by 4.8% in the 3rd quarter. Naviter Wealth LLC now owns 28,676 shares of the real estate investment trust’s stock worth $1,876,000 after buying an additional 1,304 shares during the period. Metis Global Partners LLC lifted its holdings in Equity Residential by 26.5% during the 3rd quarter. Metis Global Partners LLC now owns 94,165 shares of the real estate investment trust’s stock valued at $6,095,000 after buying an additional 19,711 shares in the last quarter. Finally, Public Sector Pension Investment Board boosted its position in Equity Residential by 6.5% in the 3rd quarter. Public Sector Pension Investment Board now owns 74,896 shares of the real estate investment trust’s stock valued at $4,848,000 after buying an additional 4,554 shares during the period. Institutional investors own 92.68% of the company’s stock.

Insider Transactions at Equity Residential

In related news, EVP Catherine Carraway sold 656 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $65.13, for a total transaction of $42,725.28. Following the completion of the transaction, the executive vice president owned 18,339 shares in the company, valued at $1,194,419.07. The trade was a 3.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Robert Garechana sold 3,637 shares of the stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $65.13, for a total transaction of $236,877.81. Following the sale, the executive vice president directly owned 18,740 shares of the company’s stock, valued at $1,220,536.20. The trade was a 16.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 10,058 shares of company stock valued at $655,078 in the last 90 days. Insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on EQR. Evercore raised their target price on shares of Equity Residential from $68.00 to $69.00 and gave the stock an “outperform” rating in a research report on Monday, February 9th. Mizuho reduced their price objective on Equity Residential from $66.00 to $65.00 and set a “neutral” rating on the stock in a report on Monday, November 24th. Morgan Stanley decreased their target price on Equity Residential from $75.00 to $73.50 and set an “equal weight” rating for the company in a research report on Thursday, November 13th. Jefferies Financial Group dropped their price target on Equity Residential from $68.00 to $65.00 and set a “hold” rating on the stock in a research report on Tuesday, November 11th. Finally, Piper Sandler set a $78.00 price target on Equity Residential in a research note on Tuesday, January 27th. Six investment analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $69.78.

Equity Residential Stock Down 0.7%

Equity Residential stock opened at $62.62 on Friday. The company has a quick ratio of 0.45, a current ratio of 0.31 and a debt-to-equity ratio of 0.73. The firm has a market cap of $23.64 billion, a P/E ratio of 21.37, a P/E/G ratio of 4.74 and a beta of 0.76. The business has a fifty day moving average of $62.32 and a two-hundred day moving average of $62.58. Equity Residential has a twelve month low of $58.38 and a twelve month high of $75.86.

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

Equity Residential Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Friday, January 2nd were issued a $0.6925 dividend. This represents a $2.77 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date was Friday, January 2nd. Equity Residential’s dividend payout ratio (DPR) is currently 94.54%.

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.