Pictet Asset Management Holding SA Has $23.74 Million Stock Position in Equity Residential $EQR

Pictet Asset Management Holding SA reduced its stake in Equity Residential (NYSE:EQR) by 12.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 401,388 shares of the real estate investment trust’s stock after selling 55,831 shares during the quarter. Pictet Asset Management Holding SA owned about 0.11% of Equity Residential worth $23,741,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Norges Bank bought a new stake in shares of Equity Residential during the fourth quarter worth approximately $2,201,674,000. Cohen & Steers Inc. increased its stake in shares of Equity Residential by 227.7% during the fourth quarter. Cohen & Steers Inc. now owns 7,405,502 shares of the real estate investment trust’s stock worth $466,869,000 after purchasing an additional 5,145,442 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Equity Residential by 876.0% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,500,885 shares of the real estate investment trust’s stock worth $291,342,000 after purchasing an additional 4,039,752 shares during the period. Wellington Management Group LLP lifted its holdings in Equity Residential by 797.2% during the 3rd quarter. Wellington Management Group LLP now owns 2,085,406 shares of the real estate investment trust’s stock worth $134,988,000 after purchasing an additional 1,852,970 shares during the last quarter. Finally, Alyeska Investment Group L.P. lifted its holdings in Equity Residential by 353.5% during the 3rd quarter. Alyeska Investment Group L.P. now owns 2,002,892 shares of the real estate investment trust’s stock worth $129,647,000 after purchasing an additional 1,561,241 shares during the last quarter. 92.68% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have commented on EQR. Evercore upped their price objective on Equity Residential from $70.00 to $71.00 in a report on Monday, June 8th. Wall Street Zen downgraded Equity Residential from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. Argus set a $70.00 target price on shares of Equity Residential in a research report on Thursday, March 12th. Cantor Fitzgerald upped their price target on shares of Equity Residential from $64.00 to $66.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. Finally, Stifel Nicolaus raised their price target 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. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and thirteen have given a Hold rating to the company’s stock. According to MarketBeat.com, Equity Residential has a consensus rating of “Hold” and a consensus price target of $70.65.

Equity Residential Trading Up 1.0%

Shares of NYSE:EQR opened at $68.60 on Thursday. The business’s 50 day simple moving average is $65.83 and its 200 day simple moving average is $63.15. Equity Residential has a 1 year low of $57.57 and a 1 year high of $69.49. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.18 and a quick ratio of 0.18. The company has a market capitalization of $25.70 billion, a P/E ratio of 27.44, a P/E/G ratio of 5.39 and a beta of 0.74.

Equity Residential (NYSE:EQR) last announced its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.09). The company had revenue of $779.85 million during the quarter, compared to analyst estimates of $781.79 million. Equity Residential had a net margin of 30.63% and a return on equity of 8.57%. Equity Residential’s revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.95 earnings per share. 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. On average, research analysts anticipate that Equity Residential will post 4.09 EPS for the current fiscal year.

Equity Residential Dividend Announcement

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 paid 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 payout ratio is 112.40%.

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.