Vanguard Group Inc. Buys 315,370 Shares of Equity Residential $EQR

Vanguard Group Inc. boosted its stake in Equity Residential (NYSE:EQR) by 0.6% during the 2nd quarter, Holdings Channel reports. The firm owned 56,316,304 shares of the real estate investment trust’s stock after buying an additional 315,370 shares during the quarter. Vanguard Group Inc. owned approximately 0.15% of Equity Residential worth $3,800,787,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Rothschild Investment LLC increased its holdings in shares of Equity Residential by 6.8% in the second quarter. Rothschild Investment LLC now owns 2,841 shares of the real estate investment trust’s stock worth $192,000 after purchasing an additional 182 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in Equity Residential by 3.7% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 597,157 shares of the real estate investment trust’s stock valued at $40,302,000 after buying an additional 21,400 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in Equity Residential by 31.2% during the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 510,292 shares of the real estate investment trust’s stock valued at $34,440,000 after buying an additional 121,220 shares in the last quarter. Rockefeller Capital Management L.P. bought a new stake in Equity Residential in the 2nd quarter worth approximately $719,000. Finally, Kingsview Wealth Management LLC purchased a new stake in shares of Equity Residential during the 2nd quarter worth approximately $204,000. Institutional investors own 92.68% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on EQR. Wall Street Zen raised shares of Equity Residential from a “sell” rating to a “hold” rating in a report on Monday, November 3rd. BNP Paribas lowered shares of Equity Residential from an “outperform” rating to a “hold” rating in a research report on Monday, September 29th. JPMorgan Chase & Co. reduced their target price on shares of Equity Residential from $76.00 to $75.00 in a report on Tuesday, September 16th. Morgan Stanley decreased their target price on shares of Equity Residential from $75.00 to $73.50 and set an “equal weight” rating on the stock in a research report on Thursday, November 13th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Equity Residential in a report on Wednesday, October 8th. Eight research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $70.83.

Equity Residential Stock Down 0.4%

Shares of NYSE EQR opened at $58.97 on Thursday. Equity Residential has a 1 year low of $58.38 and a 1 year high of $78.32. The firm has a 50-day simple moving average of $62.28 and a two-hundred day simple moving average of $65.43. The company has a market cap of $22.43 billion, a P/E ratio of 19.46, a PEG ratio of 2.99 and a beta of 0.88. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.45 and a quick ratio of 0.17.

Equity Residential (NYSE:EQR) last released its earnings results on Tuesday, October 28th. The real estate investment trust reported $1.02 EPS for the quarter, meeting analysts’ consensus estimates 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 analysts’ expectations of $779.68 million. During the same quarter in the prior year, the firm posted $0.98 earnings per share. Equity Residential has set its Q4 2025 guidance at 1.020-1.060 EPS. FY 2025 guidance at 3.980-4.020 EPS. Research analysts anticipate that Equity Residential will post 3.98 earnings per share for the current year.

Equity Residential Dividend Announcement

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

About Equity Residential

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.