Ethic Inc. Decreases Holdings in Equity Residential $EQR

Ethic Inc. trimmed its holdings in shares of Equity Residential (NYSE:EQR) by 11.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,682 shares of the real estate investment trust’s stock after selling 4,538 shares during the period. Ethic Inc.’s holdings in Equity Residential were worth $2,403,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of EQR. Greenleaf Trust increased its position in shares of Equity Residential by 4.4% during the first quarter. Greenleaf Trust now owns 3,858 shares of the real estate investment trust’s stock worth $276,000 after purchasing an additional 162 shares in the last quarter. Brown Advisory Inc. increased its position in Equity Residential by 1.6% in the 1st quarter. Brown Advisory Inc. now owns 10,733 shares of the real estate investment trust’s stock valued at $768,000 after acquiring an additional 166 shares during the period. Sequoia Financial Advisors LLC increased its position in Equity Residential by 6.3% in the 1st quarter. Sequoia Financial Advisors LLC now owns 3,246 shares of the real estate investment trust’s stock valued at $232,000 after acquiring an additional 191 shares during the period. Avantax Advisory Services Inc. increased its position in Equity Residential by 0.8% in the 1st quarter. Avantax Advisory Services Inc. now owns 26,049 shares of the real estate investment trust’s stock valued at $1,865,000 after acquiring an additional 207 shares during the period. Finally, Global X Japan Co. Ltd. increased its position in Equity Residential by 23.4% in the 2nd quarter. Global X Japan Co. Ltd. now owns 1,106 shares of the real estate investment trust’s stock valued at $75,000 after acquiring an additional 210 shares during the period. 92.68% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Stifel Nicolaus set a $80.50 price target on Equity Residential and gave the company a “buy” rating in a research report on Tuesday, August 5th. JPMorgan Chase & Co. dropped their price target on Equity Residential from $76.00 to $75.00 in a research report on Tuesday, September 16th. Cantor Fitzgerald assumed coverage on Equity Residential in a research report on Wednesday, October 1st. They issued an “overweight” rating and a $70.00 price target on the stock. Wells Fargo & Company dropped their price target on Equity Residential from $75.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 27th. Finally, Wall Street Zen upgraded Equity Residential from a “sell” rating to a “hold” rating in a research report on Saturday, October 18th. Seven analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, Equity Residential has an average rating of “Hold” and a consensus price target of $73.57.

Equity Residential Stock Performance

NYSE EQR opened at $63.43 on Friday. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.75. The business’s 50 day moving average is $64.24 and its two-hundred day moving average is $66.47. Equity Residential has a 12-month low of $59.41 and a 12-month high of $78.32. The stock has a market capitalization of $24.23 billion, a price-to-earnings ratio of 23.94, a PEG ratio of 3.21 and a beta of 0.90.

Equity Residential (NYSE:EQR) last released its 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. Equity Residential had a return on equity of 9.05% and a net margin of 33.22%.The company had revenue of $768.83 million for the quarter, compared to analysts’ expectations of $770.60 million. During the same quarter in the previous year, the firm posted $0.97 EPS. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. Equity Residential has set its FY 2025 guidance at 3.970-4.030 EPS. Q3 2025 guidance at 0.990-1.030 EPS. Research analysts expect that Equity Residential will post 3.98 EPS for the current year.

Equity Residential Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Thursday, September 25th were paid a dividend of $0.6925 per share. The ex-dividend date of this dividend was Thursday, September 25th. This represents a $2.77 annualized dividend and a dividend yield of 4.4%. Equity Residential’s payout ratio is 104.53%.

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.