Equity Residential $EQR Shares Bought by CIBC Asset Management Inc

CIBC Asset Management Inc grew its holdings in shares of Equity Residential (NYSE:EQR) by 70.2% in the 4th quarter, Holdings Channel reports. The fund owned 82,649 shares of the real estate investment trust’s stock after acquiring an additional 34,079 shares during the period. CIBC Asset Management Inc’s holdings in Equity Residential were worth $5,210,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Natixis Advisors LLC grew its stake in shares of Equity Residential by 2.7% during the fourth quarter. Natixis Advisors LLC now owns 242,703 shares of the real estate investment trust’s stock valued at $15,300,000 after acquiring an additional 6,287 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC grew its stake in shares of Equity Residential by 399.4% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 696,971 shares of the real estate investment trust’s stock valued at $43,937,000 after acquiring an additional 557,421 shares in the last quarter. New Mexico Educational Retirement Board grew its stake in Equity Residential by 3.2% in the fourth quarter. New Mexico Educational Retirement Board now owns 15,988 shares of the real estate investment trust’s stock worth $1,008,000 after purchasing an additional 500 shares in the last quarter. Lasalle Investment Management Securities LLC grew its stake in Equity Residential by 18.4% in the fourth quarter. Lasalle Investment Management Securities LLC now owns 1,389,244 shares of the real estate investment trust’s stock worth $87,578,000 after purchasing an additional 216,158 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its stake in Equity Residential by 2.1% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 640,192 shares of the real estate investment trust’s stock worth $40,358,000 after purchasing an additional 13,420 shares in the last quarter. 92.68% of the stock is currently owned by institutional investors and hedge funds.

Equity Residential Stock Performance

Shares of EQR stock opened at $68.21 on Friday. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.77. The business has a 50 day moving average of $63.63 and a two-hundred day moving average of $62.39. Equity Residential has a 52 week low of $57.57 and a 52 week high of $70.21. The company has a market cap of $25.56 billion, a P/E ratio of 27.29, a PEG ratio of 5.41 and a beta of 0.75.

Equity Residential (NYSE:EQR) last issued its earnings results 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 net margin of 30.63% and a return on equity of 8.57%. The company had revenue of $779.85 million during the quarter, compared to analyst estimates of $781.79 million. During the same quarter in the previous year, the firm earned $0.95 earnings per share. The business’s revenue 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. As a group, analysts anticipate that Equity Residential will post 4.09 EPS for the current year.

Equity Residential Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Monday, March 30th were paid a $0.7025 dividend. The ex-dividend date was Monday, March 30th. This is an increase from Equity Residential’s previous quarterly dividend of $0.69. This represents a $2.81 dividend on an annualized basis and a yield of 4.1%. Equity Residential’s payout ratio is presently 112.40%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on EQR. Argus set a $70.00 price target on Equity Residential in a research note on Thursday, March 12th. Bank of America upgraded Equity Residential from a “neutral” rating to a “buy” rating and set a $76.00 price target for the company in a research note on Wednesday, May 27th. Piper Sandler reiterated a “neutral” rating and issued a $72.00 price target (down from $78.00) on shares of Equity Residential in a research note on Friday, May 29th. Barclays lifted their price target on Equity Residential from $75.00 to $76.00 and gave the stock an “overweight” rating in a research note on Monday, April 27th. Finally, BNP Paribas Exane lifted their price target on Equity Residential from $68.00 to $70.00 and gave the stock a “neutral” rating in a research note on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat, Equity Residential has a consensus rating of “Moderate Buy” and a consensus price target 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.