JPMorgan Chase & Co. Cuts Stock Position in Equity Residential $EQR

JPMorgan Chase & Co. trimmed its holdings in Equity Residential (NYSE:EQR) by 10.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,889,385 shares of the real estate investment trust’s stock after selling 353,797 shares during the period. JPMorgan Chase & Co. owned about 0.76% of Equity Residential worth $187,030,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in EQR. State of New Jersey Common Pension Fund D raised its stake in Equity Residential by 2.8% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 158,911 shares of the real estate investment trust’s stock valued at $10,286,000 after purchasing an additional 4,274 shares during the period. Aberdeen Group plc grew its holdings in Equity Residential by 34.6% during the 3rd quarter. Aberdeen Group plc now owns 568,408 shares of the real estate investment trust’s stock valued at $36,446,000 after buying an additional 146,148 shares in the last quarter. Naviter Wealth LLC raised its position in shares of Equity Residential by 4.8% during the third quarter. Naviter Wealth LLC now owns 28,676 shares of the real estate investment trust’s stock valued at $1,876,000 after buying an additional 1,304 shares during the last quarter. Metis Global Partners LLC lifted its holdings in shares of Equity Residential by 26.5% in the third quarter. Metis Global Partners LLC now owns 94,165 shares of the real estate investment trust’s stock worth $6,095,000 after buying an additional 19,711 shares in the last quarter. Finally, Public Sector Pension Investment Board lifted its holdings in shares of Equity Residential by 6.5% in the third quarter. Public Sector Pension Investment Board now owns 74,896 shares of the real estate investment trust’s stock worth $4,848,000 after buying an additional 4,554 shares in the last quarter. Institutional investors own 92.68% of the company’s stock.

Insider Buying and Selling

In other news, EVP Catherine Carraway sold 656 shares of the stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $65.13, for a total value of $42,725.28. Following the sale, the executive vice president owned 18,339 shares of the company’s stock, valued at approximately $1,194,419.07. This represents a 3.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Michael L. Manelis sold 5,765 shares of Equity Residential stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $65.13, for a total transaction of $375,474.45. Following the transaction, the chief operating officer directly owned 46,131 shares of the company’s stock, valued at approximately $3,004,512.03. This represents a 11.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 10,058 shares of company stock worth $655,078 over the last three months. 1.10% of the stock is owned by insiders.

Analyst Ratings Changes

EQR has been the subject of several research analyst reports. Wells Fargo & Company cut their target price on shares of Equity Residential from $68.00 to $62.00 and set an “equal weight” rating for the company in a research note on Monday, November 10th. Cantor Fitzgerald raised their price objective on Equity Residential from $61.00 to $64.00 and gave the company a “neutral” rating in a research report on Monday, February 9th. Truist Financial reduced their target price on Equity Residential from $75.00 to $70.00 and set a “buy” rating on the stock in a report on Monday, November 17th. UBS Group boosted their target price on Equity Residential from $68.00 to $71.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th. Finally, Royal Bank Of Canada cut their price target on Equity Residential from $70.00 to $68.00 and set an “outperform” rating for the company in a report on Thursday, January 15th. Six analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $69.78.

Equity Residential Stock Down 0.7%

Shares of NYSE:EQR opened at $62.62 on Friday. The company has a market cap of $23.64 billion, a price-to-earnings ratio of 21.37, a PEG ratio of 4.74 and a beta of 0.76. Equity Residential has a 12 month low of $58.38 and a 12 month high of $75.86. The company has a current ratio of 0.31, a quick ratio of 0.45 and a debt-to-equity ratio of 0.73. The company has a 50-day moving average price of $62.32 and a 200 day moving average price of $62.58.

Equity Residential (NYSE:EQR) last issued its quarterly earnings data on Thursday, February 5th. The real estate investment trust reported $1.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.01). The company had revenue of $781.91 million for the quarter, compared to analysts’ expectations of $786.35 million. Equity Residential had a net margin of 36.20% and a return on equity of 9.98%. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter last year, the company earned $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. As a group, equities research analysts predict that Equity Residential will post 3.98 earnings per share for the current year.

Equity Residential Announces Dividend

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

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.