Allianz Asset Management GmbH Decreases Holdings in Equity Residential $EQR

Allianz Asset Management GmbH cut its holdings in shares of Equity Residential (NYSE:EQR) by 9.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 409,580 shares of the real estate investment trust’s stock after selling 41,260 shares during the quarter. Allianz Asset Management GmbH’s holdings in Equity Residential were worth $27,643,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. New York State Teachers Retirement System increased its stake in shares of Equity Residential by 8.1% in the second quarter. New York State Teachers Retirement System now owns 266,584 shares of the real estate investment trust’s stock worth $17,992,000 after buying an additional 19,988 shares during the period. TD Asset Management Inc increased its stake in shares of Equity Residential by 5.3% in the second quarter. TD Asset Management Inc now owns 238,611 shares of the real estate investment trust’s stock worth $16,104,000 after buying an additional 11,994 shares during the period. Naviter Wealth LLC increased its stake in shares of Equity Residential by 9.6% in the second quarter. Naviter Wealth LLC now owns 27,372 shares of the real estate investment trust’s stock worth $1,865,000 after buying an additional 2,408 shares during the period. Envestnet Portfolio Solutions Inc. increased its stake in shares of Equity Residential by 6.1% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 7,076 shares of the real estate investment trust’s stock worth $478,000 after buying an additional 405 shares during the period. Finally, Sequoia Financial Advisors LLC increased its stake in shares of Equity Residential by 39.3% in the second quarter. Sequoia Financial Advisors LLC now owns 4,522 shares of the real estate investment trust’s stock worth $305,000 after buying an additional 1,276 shares during the period. 92.68% of the stock is owned by hedge funds and other institutional investors.

Equity Residential Stock Up 1.2%

NYSE:EQR opened at $62.24 on Friday. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.17 and a quick ratio of 0.17. The firm’s 50-day moving average price is $64.26 and its 200-day moving average price is $66.52. The company has a market capitalization of $23.77 billion, a PE ratio of 23.48, a P/E/G ratio of 3.16 and a beta of 0.90. Equity Residential has a 1-year low of $59.41 and a 1-year high of $78.32.

Equity Residential (NYSE:EQR) last issued its quarterly earnings results on Monday, August 4th. The real estate investment trust reported $0.99 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.99. The company had revenue of $768.83 million during the quarter, compared to analyst estimates of $770.60 million. Equity Residential had a net margin of 33.22% and a return on equity of 9.05%. Equity Residential’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last year, the business earned $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, equities analysts predict that Equity Residential will post 3.98 EPS for the current fiscal year.

Equity Residential Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Thursday, September 25th were paid a $0.6925 dividend. This represents a $2.77 annualized dividend and a dividend yield of 4.5%. The ex-dividend date was Thursday, September 25th. Equity Residential’s dividend payout ratio (DPR) is presently 104.53%.

Analysts Set New Price Targets

EQR has been the topic of several analyst reports. UBS Group decreased their target price on shares of Equity Residential from $84.00 to $76.00 and set a “buy” rating on the stock in a research note on Tuesday, July 15th. Truist Financial decreased their target price on shares of Equity Residential from $78.00 to $75.00 and set a “buy” rating on the stock in a research note on Friday, August 29th. The Goldman Sachs Group cut their price target on shares of Equity Residential from $72.00 to $70.00 and set a “neutral” rating on the stock in a report on Wednesday, September 17th. Wells Fargo & Company cut their price target on shares of Equity Residential from $75.00 to $68.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 27th. Finally, Stifel Nicolaus set a $80.50 price target on shares of Equity Residential and gave the company a “buy” rating in a report on Tuesday, August 5th. Seven analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, Equity Residential presently has a consensus rating of “Hold” and an average target price of $73.57.

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.