Pictet Asset Management Holding SA Sells 55,831 Shares of Equity Residential $EQR

Pictet Asset Management Holding SA decreased its position in shares of Equity Residential (NYSE:EQR) by 12.2% during the 1st quarter, HoldingsChannel.com reports. The fund owned 401,388 shares of the real estate investment trust’s stock after selling 55,831 shares during the period. Pictet Asset Management Holding SA’s holdings in Equity Residential were worth $23,741,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Insigneo Advisory Services LLC boosted its holdings in shares of Equity Residential by 4.9% in the 4th quarter. Insigneo Advisory Services LLC now owns 3,543 shares of the real estate investment trust’s stock valued at $223,000 after purchasing an additional 165 shares in the last quarter. Rosenberg Matthew Hamilton raised its holdings in shares of Equity Residential by 69.2% during the 4th 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 in the last quarter. MAI Capital Management lifted its position in shares of Equity Residential by 5.4% during the 3rd 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. Empowered Funds LLC lifted its position in shares of Equity Residential by 2.3% during the 4th quarter. Empowered Funds LLC now owns 9,165 shares of the real estate investment trust’s stock worth $571,000 after buying an additional 204 shares during the last quarter. Finally, CI Investments Inc. lifted its position in shares of Equity Residential by 0.6% during the 3rd 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. 92.68% of the stock is currently owned by institutional investors and hedge funds.

Equity Residential Stock Up 1.0%

Shares of NYSE:EQR opened at $68.60 on Thursday. The company has a market capitalization of $25.70 billion, a price-to-earnings ratio of 27.44, a P/E/G ratio of 5.39 and a beta of 0.74. Equity Residential has a 1 year low of $57.57 and a 1 year high of $69.49. The business’s 50-day moving average is $65.83 and its 200-day moving average is $63.15. 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 posted its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.24 earnings per share 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 firm had revenue of $779.85 million for the quarter, compared to analyst estimates of $781.79 million. During the same period last year, the company posted $0.95 earnings per share. The firm’s quarterly revenue 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 research analysts predict that Equity Residential will post 4.09 earnings per share for the current year.

Equity Residential Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Monday, June 29th will be given a $0.7025 dividend. This represents a $2.81 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Monday, June 29th. Equity Residential’s dividend payout ratio is presently 112.40%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Nordea Equity Research upgraded Equity Residential to a “buy” rating in a research report on Wednesday, May 27th. BNP Paribas Exane raised their price target on shares of Equity Residential from $68.00 to $70.00 and gave the company a “neutral” rating in a research note on Monday, May 18th. Cantor Fitzgerald lifted their price target on shares of Equity Residential from $64.00 to $66.00 and gave the company a “neutral” rating in a report on Monday, May 4th. Stifel Nicolaus upped their price objective on shares of Equity Residential from $78.25 to $79.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Finally, Morgan Stanley raised shares of Equity Residential from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $72.00 to $74.00 in a research note on Thursday, March 26th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and thirteen have issued a Hold rating to the company. Based on data from MarketBeat.com, Equity Residential has a consensus rating of “Hold” and a consensus price target of $70.65.

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.