10,651 Shares in Equity Residential $EQR Bought by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. purchased a new position in shares of Equity Residential (NYSE:EQR) in the second quarter, according to its most recent filing with the SEC. The firm purchased 10,651 shares of the real estate investment trust’s stock, valued at approximately $719,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in Equity Residential by 0.4% in the first quarter. Vanguard Group Inc. now owns 56,000,934 shares of the real estate investment trust’s stock worth $4,008,547,000 after purchasing an additional 199,943 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Equity Residential by 5.6% during the 1st 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 period. Geode Capital Management LLC boosted its stake in Equity Residential by 1.4% during the second quarter. Geode Capital Management LLC now owns 9,884,977 shares of the real estate investment trust’s stock worth $664,662,000 after acquiring an additional 137,533 shares in the last quarter. Invesco Ltd. grew its holdings in Equity Residential by 1.7% in the first quarter. Invesco Ltd. now owns 6,634,446 shares of the real estate investment trust’s stock worth $474,894,000 after purchasing an additional 112,004 shares during the period. Finally, Resolution Capital Ltd increased its stake in Equity Residential by 3.8% in the first quarter. Resolution Capital Ltd now owns 5,077,065 shares of the real estate investment trust’s stock valued at $363,416,000 after purchasing an additional 185,876 shares in the last quarter. 92.68% of the stock is owned by institutional investors and hedge funds.

Equity Residential Stock Up 0.9%

EQR stock opened at $61.64 on Thursday. The stock has a market cap of $23.45 billion, a P/E ratio of 20.34, a P/E/G ratio of 2.99 and a beta of 0.88. The company has a current ratio of 0.45, a quick ratio of 0.17 and a debt-to-equity ratio of 0.75. The stock’s fifty day simple moving average is $61.78 and its two-hundred day simple moving average is $65.09. Equity Residential has a 1-year low of $58.38 and a 1-year high of $78.32.

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, hitting analysts’ consensus estimates of $1.02. The company had revenue of $782.41 million for the quarter, compared to analysts’ expectations of $779.68 million. Equity Residential had a return on equity of 10.30% and a net margin of 37.58%.During the same period in the previous year, the business posted $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. Analysts expect that Equity Residential will post 3.98 EPS for the current year.

Equity Residential Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Thursday, September 25th were issued a $0.6925 dividend. This represents a $2.77 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend was Thursday, September 25th. Equity Residential’s payout ratio is 91.42%.

Analyst Ratings Changes

Several analysts have recently commented on EQR shares. Wells Fargo & Company reduced their target price on Equity Residential from $68.00 to $62.00 and set an “equal weight” rating for the company in a research note on Monday, November 10th. Barclays reduced their price objective on Equity Residential from $80.00 to $77.00 and set an “overweight” rating for the company in a research note on Tuesday. Evercore ISI lowered their target price on Equity Residential from $70.00 to $68.00 and set an “outperform” rating on the stock in a research report on Monday, November 3rd. Royal Bank Of Canada reduced their price target on shares of Equity Residential from $72.00 to $70.00 and set an “outperform” rating for the company in a research report on Thursday, October 30th. Finally, Wall Street Zen upgraded shares of Equity Residential from a “sell” rating to a “hold” rating in a report on Monday, November 3rd. Eight analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $70.27.

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.