Lecap Asset Management Ltd. Purchases Shares of 4,253 Equity Residential $EQR

Lecap Asset Management Ltd. bought a new position in shares of Equity Residential (NYSE:EQR) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 4,253 shares of the real estate investment trust’s stock, valued at approximately $287,000.

Other institutional investors have also modified their holdings of the company. TCW Group Inc. grew its holdings in shares of Equity Residential by 40.4% during the 1st quarter. TCW Group Inc. now owns 83,417 shares of the real estate investment trust’s stock worth $5,971,000 after purchasing an additional 23,997 shares during the period. Sequoia Financial Advisors LLC grew its holdings in shares of Equity Residential by 6.3% during the 1st quarter. Sequoia Financial Advisors LLC now owns 3,246 shares of the real estate investment trust’s stock worth $232,000 after purchasing an additional 191 shares during the period. U.S. Capital Wealth Advisors LLC grew its holdings in shares of Equity Residential by 39.1% during the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 86,203 shares of the real estate investment trust’s stock worth $6,170,000 after purchasing an additional 24,232 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Equity Residential by 11.0% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 845,820 shares of the real estate investment trust’s stock worth $60,544,000 after purchasing an additional 83,788 shares during the period. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Equity Residential by 9.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 54,271 shares of the real estate investment trust’s stock worth $3,885,000 after purchasing an additional 4,499 shares during the period. Hedge funds and other institutional investors own 92.68% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on EQR. The Goldman Sachs Group decreased their target price on Equity Residential from $72.00 to $70.00 and set a “neutral” rating for the company in a report on Wednesday, September 17th. Barclays decreased their price target on Equity Residential from $81.00 to $80.00 and set an “overweight” rating for the company in a report on Tuesday. Wall Street Zen cut Equity Residential from a “hold” rating to a “sell” rating in a report on Friday, September 26th. BNP Paribas Exane cut Equity Residential from an “outperform” rating to a “neutral” rating in a report on Monday, September 29th. Finally, Truist Financial decreased their price target on Equity Residential from $78.00 to $75.00 and set a “buy” rating for the company in a report on Friday, August 29th. Seven research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, Equity Residential presently has a consensus rating of “Hold” and a consensus price target of $74.32.

Equity Residential Stock Performance

Shares of EQR opened at $63.32 on Friday. The business’s 50 day moving average is $64.68 and its two-hundred day moving average is $67.17. Equity Residential has a 52-week low of $59.41 and a 52-week high of $78.32. The firm has a market cap of $24.18 billion, a price-to-earnings ratio of 23.89, a PEG ratio of 3.26 and a beta of 0.90. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.75.

Equity Residential (NYSE:EQR) last announced its earnings results on Monday, August 4th. The real estate investment trust reported $0.99 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 analyst estimates of $770.60 million. During the same period in the prior year, the company posted $0.97 EPS. Equity Residential’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. Analysts forecast that Equity Residential will post 3.98 EPS for the current fiscal year.

Equity Residential Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Thursday, September 25th will be given a $0.6925 dividend. This represents a $2.77 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend is Thursday, September 25th. Equity Residential’s dividend payout ratio is presently 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.