6,056 Shares in Equity Residential $EQR Bought by Meadow Creek Wealth Advisors LLC

Key Points

• Meadow Creek Wealth Advisors LLC acquired a new position in Equity Residential, purchasing 6,056 shares valued at approximately $409,000 in the second quarter.
• Equity Residential reported a net margin of 33.22% and earnings per share of $0.99 for the last quarter, meeting analysts' expectations, while revenue increased by 4.7% year-over-year.
• The company recently declared a quarterly dividend of $0.6925, representing an annualized yield of 4.4% and a payout ratio of 104.53%.

Meadow Creek Wealth Advisors LLC acquired a new stake in shares of Equity Residential (NYSE:EQR - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 6,056 shares of the real estate investment trust's stock, valued at approximately $409,000.

A number of other large investors have also made changes to their positions in EQR. Nuveen LLC bought a new stake in shares of Equity Residential in the first quarter worth about $165,442,000. Price T Rowe Associates Inc. MD increased its position in shares of Equity Residential by 5.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 20,711,588 shares of the real estate investment trust's stock worth $1,482,537,000 after acquiring an additional 1,101,027 shares in the last quarter. National Bank of Canada FI raised its holdings in shares of Equity Residential by 190.9% during the first quarter. National Bank of Canada FI now owns 674,373 shares of the real estate investment trust's stock worth $48,272,000 after acquiring an additional 442,584 shares during the period. Eventide Asset Management LLC acquired a new position in Equity Residential in the 1st quarter worth $27,944,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Equity Residential during the 2nd quarter worth about $26,129,000. Institutional investors own 92.68% of the company's stock.

Equity Residential Stock Up 0.7%

EQR opened at $62.82 on Wednesday. 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 stock's fifty day simple moving average is $64.27 and its 200 day simple moving average is $66.47. Equity Residential has a 1-year low of $59.41 and a 1-year high of $78.32. The stock has a market cap of $23.99 billion, a PE ratio of 23.70, a price-to-earnings-growth ratio of 3.16 and a beta of 0.90.

Equity Residential (NYSE:EQR - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $0.99 earnings per share for the quarter, meeting the consensus estimate of $0.99. Equity Residential had a net margin of 33.22% and a return on equity of 9.05%. 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 firm earned $0.97 earnings per share. The company's 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. As a group, research analysts expect that Equity Residential will post 3.98 earnings per share for the current year.

Equity Residential Announces Dividend

The company 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. The ex-dividend date was Thursday, September 25th. This represents a $2.77 annualized dividend and a yield of 4.4%. Equity Residential's payout ratio is 104.53%.

Analyst Upgrades and Downgrades

EQR has been the topic of a number of research reports. Weiss Ratings restated a "hold (c)" rating on shares of Equity Residential in a report on Wednesday, October 8th. Morgan Stanley decreased their price target on shares of Equity Residential from $76.50 to $75.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 13th. JPMorgan Chase & Co. cut their price objective on shares of Equity Residential from $76.00 to $75.00 in a research report on Tuesday, September 16th. BNP Paribas Exane cut Equity Residential from an "outperform" rating to a "neutral" rating in a research note on Monday, September 29th. Finally, Barclays cut their price objective on Equity Residential from $81.00 to $80.00 and set an "overweight" rating for the company in a report on Tuesday, September 30th. Seven analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $73.57.

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.

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