6,580 Shares in Equity Residential $EQR Bought by Retirement Planning Co of New England Inc.

Key Points

• Retirement Planning Co of New England Inc. purchased 6,580 shares of Equity Residential, valued at approximately $471,000, during the first quarter.
• Equity Residential experienced a 4.2% dividend yield with a recent quarterly dividend paid of $0.6925 per share, despite a payout ratio of over 104%.
• Recent analyst ratings for Equity Residential show a consensus of "Moderate Buy" with target prices ranging from $71.00 to $83.00 and mixed recommendations, indicating varying perspectives on the stock's performance.

Retirement Planning Co of New England Inc. bought a new stake in Equity Residential (NYSE:EQR - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 6,580 shares of the real estate investment trust's stock, valued at approximately $471,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EQR. Caisse DE Depot ET Placement DU Quebec boosted its holdings in Equity Residential by 194.4% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 196,274 shares of the real estate investment trust's stock valued at $14,085,000 after acquiring an additional 129,598 shares during the last quarter. Alyeska Investment Group L.P. increased its position in shares of Equity Residential by 1,568.2% in the fourth quarter. Alyeska Investment Group L.P. now owns 332,434 shares of the real estate investment trust's stock worth $23,855,000 after acquiring an additional 312,506 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Equity Residential by 5.5% in the fourth quarter. Ameriprise Financial Inc. now owns 477,452 shares of the real estate investment trust's stock worth $34,262,000 after acquiring an additional 24,857 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of Equity Residential by 33.2% in the 4th quarter. BNP Paribas Financial Markets now owns 752,638 shares of the real estate investment trust's stock valued at $54,009,000 after acquiring an additional 187,773 shares during the period. Finally, Benjamin Edwards Inc. lifted its holdings in shares of Equity Residential by 10.1% during the 4th quarter. Benjamin Edwards Inc. now owns 13,649 shares of the real estate investment trust's stock valued at $980,000 after acquiring an additional 1,253 shares in the last quarter. Institutional investors and hedge funds own 92.68% of the company's stock.

Wall Street Analysts Forecast Growth

EQR has been the topic of several research reports. Mizuho cut their price objective on Equity Residential from $76.00 to $71.00 and set a "neutral" rating on the stock in a research report on Friday, May 23rd. Morgan Stanley dropped their target price on Equity Residential from $76.50 to $75.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 13th. Wedbush restated a "neutral" rating and issued a $75.00 price target on shares of Equity Residential in a report on Wednesday, May 28th. Scotiabank lowered their price objective on shares of Equity Residential from $78.00 to $77.00 and set a "sector perform" rating for the company in a research report on Thursday, August 14th. Finally, Truist Financial dropped their price objective 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. Eight investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $76.90.

Equity Residential Stock Up 1.4%

Shares of Equity Residential stock traded up $0.91 during trading hours on Thursday, hitting $65.58. 1,391,157 shares of the company's stock traded hands, compared to its average volume of 1,936,226. The stock has a 50 day simple moving average of $65.53 and a 200-day simple moving average of $68.14. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.75. The company has a market cap of $25.05 billion, a PE ratio of 24.75, a PEG ratio of 3.36 and a beta of 0.93. Equity Residential has a twelve month low of $59.41 and a twelve month high of $78.83.

Equity Residential (NYSE:EQR - Get Free Report) last announced its earnings results 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. The company had revenue of $768.83 million during the quarter, compared to the consensus estimate of $770.60 million. Equity Residential had a return on equity of 9.05% and a net margin of 33.22%.The company's revenue was up 4.7% on a year-over-year basis. During the same period last year, the firm earned $0.97 earnings per share. Equity Residential has set its FY 2025 guidance at 3.970-4.030 EPS. Q3 2025 guidance at 0.990-1.030 EPS. Equities research analysts anticipate that Equity Residential will post 3.98 earnings per share for the current fiscal year.

Equity Residential Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 11th. Investors of record on Tuesday, June 24th were paid a $0.6925 dividend. This represents a $2.77 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date was Tuesday, June 24th. Equity Residential's dividend payout ratio (DPR) is 104.53%.

Equity Residential Company 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.