Healthcare of Ontario Pension Plan Trust Fund Acquires 583,231 Shares of Equity Residential $EQR

Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of Equity Residential (NYSE:EQR) by 233.7% in the 1st quarter, HoldingsChannel reports. The firm owned 832,789 shares of the real estate investment trust’s stock after acquiring an additional 583,231 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Equity Residential were worth $49,259,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Wolverine Asset Management LLC acquired a new position in shares of Equity Residential during the 4th quarter valued at $1,964,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Equity Residential by 5.8% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,016,454 shares of the real estate investment trust’s stock worth $63,051,000 after acquiring an additional 55,786 shares in the last quarter. Geode Capital Management LLC grew its holdings in Equity Residential by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 10,258,275 shares of the real estate investment trust’s stock worth $644,412,000 after purchasing an additional 114,604 shares during the period. Vestcor Inc grew its holdings in Equity Residential by 1,432.1% in the fourth quarter. Vestcor Inc now owns 114,325 shares of the real estate investment trust’s stock worth $7,207,000 after purchasing an additional 106,863 shares during the period. Finally, Hsbc Holdings PLC increased its stake in Equity Residential by 26.7% in the fourth quarter. Hsbc Holdings PLC now owns 1,475,500 shares of the real estate investment trust’s stock valued at $93,079,000 after purchasing an additional 310,859 shares in the last quarter. 92.68% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

EQR has been the topic of several research reports. Royal Bank Of Canada lowered shares of Equity Residential from an “outperform” rating to a “sector perform” rating and upped their price objective for the company from $69.00 to $70.00 in a report on Monday, June 8th. Piper Sandler raised their target price on Equity Residential from $72.00 to $75.00 and gave the company a “neutral” rating in a research note on Tuesday. BNP Paribas Exane raised their target price on Equity Residential from $68.00 to $70.00 and gave the company a “neutral” rating in a research note on Monday, May 18th. Jefferies Financial Group raised Equity Residential to a “hold” rating in a research report on Wednesday. Finally, Wall Street Zen downgraded Equity Residential from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and fourteen have issued a Hold rating to the stock. According to MarketBeat, Equity Residential presently has an average rating of “Hold” and an average price target of $71.40.

Equity Residential Stock Performance

Shares of EQR stock opened at $67.87 on Friday. The firm has a market capitalization of $25.45 billion, a PE ratio of 29.51, a price-to-earnings-growth ratio of 5.40 and a beta of 0.74. The firm has a fifty day simple moving average of $67.31 and a two-hundred day simple moving average of $63.94. The company has a current ratio of 0.19, a quick ratio of 0.18 and a debt-to-equity ratio of 0.77. Equity Residential has a 12 month low of $57.57 and a 12 month high of $71.50.

Equity Residential (NYSE:EQR) last released its quarterly earnings data 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 net margin of 27.97% and a return on equity of 8.06%. The business had revenue of $779.85 million during the quarter, compared to the consensus estimate of $781.79 million. During the same period last year, the business posted $0.95 earnings per share. The firm’s quarterly 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. Analysts forecast that Equity Residential will post 4.08 EPS for the current fiscal year.

Equity Residential Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Monday, June 29th were issued a $0.7025 dividend. This represents a $2.81 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Monday, June 29th. Equity Residential’s dividend payout ratio is currently 122.17%.

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.