Equity Residential $EQR Shares Sold by Vert Asset Management LLC

Vert Asset Management LLC trimmed its holdings in shares of Equity Residential (NYSE:EQR) by 7.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 146,194 shares of the real estate investment trust’s stock after selling 12,439 shares during the quarter. Equity Residential makes up approximately 3.6% of Vert Asset Management LLC’s investment portfolio, making the stock its 11th largest position. Vert Asset Management LLC’s holdings in Equity Residential were worth $9,867,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC increased its position in shares of Equity Residential by 1.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 19,749 shares of the real estate investment trust’s stock worth $1,417,000 after purchasing an additional 357 shares in the last quarter. Versant Capital Management Inc increased its position in shares of Equity Residential by 51.6% during the first quarter. Versant Capital Management Inc now owns 461 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 157 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Equity Residential by 7,177.2% during the first quarter. GAMMA Investing LLC now owns 506,930 shares of the real estate investment trust’s stock worth $36,286,000 after purchasing an additional 499,964 shares in the last quarter. Parallel Advisors LLC increased its position in shares of Equity Residential by 5.5% during the first quarter. Parallel Advisors LLC now owns 4,455 shares of the real estate investment trust’s stock worth $319,000 after purchasing an additional 234 shares in the last quarter. Finally, Czech National Bank increased its position in shares of Equity Residential by 6.0% during the first quarter. Czech National Bank now owns 78,491 shares of the real estate investment trust’s stock worth $5,618,000 after purchasing an additional 4,464 shares in the last quarter. 92.68% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EQR has been the subject of several research reports. UBS Group dropped their price target on Equity Residential from $84.00 to $76.00 and set a “buy” rating for the company in a research report on Tuesday, July 15th. The Goldman Sachs Group dropped their price target on Equity Residential from $72.00 to $70.00 and set a “neutral” rating for the company in a research report on Wednesday, September 17th. Evercore ISI upped their target price on Equity Residential from $71.00 to $72.00 and gave the company an “outperform” rating in a report on Monday, September 15th. Stifel Nicolaus set a $80.50 target price on Equity Residential and gave the company a “buy” rating in a report on Tuesday, August 5th. Finally, Wall Street Zen cut Equity Residential from a “hold” rating to a “sell” rating in a report on Friday, September 26th. Seven research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Equity Residential currently has an average rating of “Hold” and a consensus target price of $74.65.

Equity Residential Stock Down 0.9%

Shares of NYSE:EQR opened at $64.15 on Thursday. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.75. The business has a fifty day moving average of $64.85 and a two-hundred day moving average of $67.25. The stock has a market cap of $24.50 billion, a P/E ratio of 24.21, a PEG ratio of 3.32 and a beta of 0.90. Equity Residential has a 52-week low of $59.41 and a 52-week high of $78.32.

Equity Residential (NYSE:EQR) last released its quarterly earnings results on Monday, August 4th. The real estate investment trust reported $0.99 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.99. The business had revenue of $768.83 million during the quarter, compared to analysts’ expectations of $770.60 million. Equity Residential had a return on equity of 9.05% and a net margin of 33.22%.The company’s revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.97 EPS. Equity Residential has set its FY 2025 guidance at 3.970-4.030 EPS. Q3 2025 guidance at 0.990-1.030 EPS. On average, research analysts expect that Equity Residential will post 3.98 earnings per share for the current year.

Equity Residential Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Thursday, September 25th will be issued a dividend of $0.6925 per share. The ex-dividend date is Thursday, September 25th. This represents a $2.77 dividend on an annualized basis and a dividend yield of 4.3%. Equity Residential’s dividend payout ratio is currently 104.53%.

Equity Residential Profile

Equity Residential is committed to creating communities where people thrive. The Company, a member of the S&P 500, is focused on the acquisition, development and management of residential properties located in and around dynamic cities that attract affluent long-term renters. Equity Residential owns or has investments in 305 properties consisting of 80,683 apartment units, with an established presence in Boston, New York, Washington, DC, Seattle, San Francisco and Southern California, and an expanding presence in Denver, Atlanta, Dallas/Ft.