Wedbush Securities Inc. Takes $243,000 Position in Equity Residential $EQR

Wedbush Securities Inc. purchased a new position in Equity Residential (NYSE:EQR) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 3,607 shares of the real estate investment trust’s stock, valued at approximately $243,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Nuveen LLC purchased a new stake in Equity Residential during the 1st quarter valued at $165,442,000. Price T Rowe Associates Inc. MD increased its position in Equity Residential by 5.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 20,711,588 shares of the real estate investment trust’s stock valued at $1,482,537,000 after acquiring an additional 1,101,027 shares during the last quarter. National Bank of Canada FI raised its stake in shares of Equity Residential by 190.9% in the first quarter. National Bank of Canada FI now owns 674,373 shares of the real estate investment trust’s stock valued at $48,272,000 after acquiring an additional 442,584 shares during the period. Eventide Asset Management LLC purchased a new stake in shares of Equity Residential in the first quarter valued at $27,944,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Equity Residential in the 2nd quarter worth about $26,129,000. 92.68% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on EQR shares. BNP Paribas Exane lowered shares of Equity Residential from an “outperform” rating to a “neutral” rating in a research report on Monday, September 29th. Scotiabank dropped their price objective on Equity Residential from $73.00 to $66.00 and set a “sector perform” rating for the company in a report on Tuesday, November 4th. UBS Group reduced their target price on Equity Residential from $76.00 to $68.00 and set a “buy” rating on the stock in a research note on Monday. Stifel Nicolaus set a $79.75 price target on shares of Equity Residential in a report on Wednesday, October 29th. Finally, Wells Fargo & Company decreased their target price on Equity Residential from $68.00 to $62.00 and set an “equal weight” rating for the company in a research report on Monday. Seven equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Equity Residential presently has an average rating of “Hold” and a consensus price target of $71.42.

Equity Residential Trading Down 0.3%

NYSE:EQR opened at $59.45 on Thursday. The stock has a market capitalization of $22.62 billion, a price-to-earnings ratio of 19.58, a PEG ratio of 2.99 and a beta of 0.88. Equity Residential has a 52 week low of $58.38 and a 52 week high of $78.32. The company has a quick ratio of 0.17, a current ratio of 0.45 and a debt-to-equity ratio of 0.75. The firm has a 50 day moving average of $62.99 and a 200 day moving average of $65.82.

Equity Residential (NYSE:EQR) last announced its earnings results on Tuesday, October 28th. The real estate investment trust reported $1.02 earnings per share for the quarter, hitting the consensus estimate of $1.02. Equity Residential had a return on equity of 10.30% and a net margin of 37.58%.The firm had revenue of $782.41 million for the quarter, compared to the consensus estimate of $779.68 million. During the same period in the previous year, the business earned $0.98 EPS. Equity Residential has set its Q4 2025 guidance at 1.020-1.060 EPS. FY 2025 guidance at 3.980-4.020 EPS. As a group, sell-side analysts anticipate that Equity Residential will post 3.98 earnings per share for the current fiscal year.

Equity Residential Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Thursday, September 25th were given a $0.6925 dividend. This represents a $2.77 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend was Thursday, September 25th. Equity Residential’s dividend payout ratio (DPR) is presently 91.42%.

Equity Residential Company 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.