Michael Manelis Sells 5,765 Shares of Equity Residential (NYSE:EQR) Stock

Equity Residential (NYSE:EQR) COO Michael Manelis sold 5,765 shares of the firm’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 value of $375,474.45. Following the completion of the sale, the chief operating officer directly owned 46,131 shares in the company, valued at $3,004,512.03. This trade represents a 11.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Equity Residential Stock Performance

Shares of EQR traded down $0.84 on Wednesday, reaching $64.73. 3,402,144 shares of the stock traded hands, compared to its average volume of 2,721,283. Equity Residential has a 12 month low of $58.38 and a 12 month high of $75.86. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.31 and a quick ratio of 0.45. The firm has a market cap of $24.63 billion, a price-to-earnings ratio of 22.09, a P/E/G ratio of 4.43 and a beta of 0.76. The stock’s 50-day moving average price is $61.90 and its 200-day moving average price is $62.61.

Equity Residential (NYSE:EQR) last announced 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). Equity Residential had a net margin of 36.20% and a return on equity of 9.98%. The company had revenue of $781.91 million during the quarter, compared to analyst estimates of $786.35 million. During the same period in the prior year, the firm earned $1.00 EPS. Equity Residential’s quarterly revenue was up 2.0% compared to the same quarter last year. 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. Equities analysts forecast that Equity Residential will post 3.98 EPS for the current fiscal year.

Equity Residential Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Royal Bank Of Canada dropped their price objective on shares of Equity Residential from $70.00 to $68.00 and set an “outperform” rating on the stock in a report on Thursday, January 15th. Barclays reissued an “overweight” rating and issued a $78.00 target price on shares of Equity Residential in a research note on Tuesday, January 13th. Stifel Nicolaus set a $78.50 price target on Equity Residential in a research report on Friday, February 6th. Evercore dropped their price objective on shares of Equity Residential from $70.00 to $68.00 and set an “outperform” rating on the stock in a research report on Monday, November 3rd. Finally, Morgan Stanley dropped their price target on Equity Residential from $75.00 to $73.50 and set an “equal weight” rating for the company in a report on Thursday, November 13th. Seven equities research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $69.58.

Institutional Investors Weigh In On Equity Residential

A number of institutional investors and hedge funds have recently made changes to their positions in EQR. Rosenberg Matthew Hamilton boosted its position in Equity Residential by 69.2% in the fourth quarter. Rosenberg Matthew Hamilton now owns 440 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 180 shares during the last quarter. Rothschild Investment LLC raised its stake in shares of Equity Residential by 6.8% during the 2nd quarter. Rothschild Investment LLC now owns 2,841 shares of the real estate investment trust’s stock valued at $192,000 after purchasing an additional 182 shares during the period. Cetera Investment Advisers lifted its holdings in Equity Residential by 0.4% during the 2nd quarter. Cetera Investment Advisers now owns 48,030 shares of the real estate investment trust’s stock worth $3,242,000 after purchasing an additional 183 shares in the last quarter. CX Institutional boosted its stake in Equity Residential by 6.1% in the 3rd quarter. CX Institutional now owns 3,274 shares of the real estate investment trust’s stock worth $212,000 after purchasing an additional 189 shares during the period. Finally, Summitry LLC boosted its position in shares of Equity Residential by 6.3% in the third quarter. Summitry LLC now owns 3,193 shares of the real estate investment trust’s stock valued at $207,000 after acquiring an additional 189 shares during the period. Institutional investors and hedge funds own 92.68% of the company’s stock.

About Equity Residential

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.