AG2R LA Mondiale Gestion D Actifs Raises Stock Holdings in Equity Residential $EQR

Key Points

• AG2R LA Mondiale Gestion D Actifs increased its stake in Equity Residential by 23.0%, owning a total of 22,528 shares valued at approximately $1.52 million.
• Analysts have recently downgraded their price targets for Equity Residential, with the average target now at $73.57, and the consensus rating is a "Hold".
• Equity Residential announced a quarterly dividend of $0.6925 per share, representing a 4.4% yield, although the company currently has a high payout ratio of 104.53%.

AG2R LA Mondiale Gestion D Actifs increased its holdings in shares of Equity Residential (NYSE:EQR - Free Report) by 23.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,528 shares of the real estate investment trust's stock after acquiring an additional 4,213 shares during the quarter. AG2R LA Mondiale Gestion D Actifs' holdings in Equity Residential were worth $1,520,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in EQR. Focus Partners Advisor Solutions LLC bought a new stake in shares of Equity Residential during the 2nd quarter worth $244,000. Sumitomo Mitsui Trust Group Inc. raised its position in Equity Residential by 2.5% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,096,596 shares of the real estate investment trust's stock worth $141,499,000 after acquiring an additional 51,185 shares during the period. Catalyst Capital Advisors LLC boosted its stake in Equity Residential by 29.2% in the second quarter. Catalyst Capital Advisors LLC now owns 1,360 shares of the real estate investment trust's stock valued at $92,000 after acquiring an additional 307 shares during the last quarter. Meadow Creek Wealth Advisors LLC bought a new position in shares of Equity Residential during the 2nd quarter valued at approximately $409,000. Finally, FNY Investment Advisers LLC increased its stake in shares of Equity Residential by 1,000.0% during the 2nd quarter. FNY Investment Advisers LLC now owns 660 shares of the real estate investment trust's stock worth $44,000 after purchasing an additional 600 shares during the last quarter. 92.68% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

EQR has been the subject of several research reports. Jefferies Financial Group reduced their price objective on Equity Residential from $70.00 to $68.00 and set a "hold" rating for the company in a report on Monday, October 13th. Wells Fargo & Company decreased their price objective on Equity Residential from $75.00 to $68.00 and set an "equal weight" rating for the company in a report on Wednesday, August 27th. The Goldman Sachs Group dropped their price objective 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. Morgan Stanley cut their target price on shares of Equity Residential from $76.50 to $75.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 13th. Finally, BNP Paribas lowered shares of Equity Residential from an "outperform" rating to a "hold" rating in a research report on Monday, September 29th. Seven investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $73.57.

Equity Residential Stock Up 0.2%

Shares of NYSE:EQR opened at $63.43 on Friday. The firm has a fifty day moving average price of $64.24 and a two-hundred day moving average price of $66.50. The company has a market cap of $24.23 billion, a price-to-earnings ratio of 23.94, a PEG ratio of 3.22 and a beta of 0.90. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.17 and a quick ratio of 0.17. Equity Residential has a one year low of $59.41 and a one year high of $78.32.

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 (EPS) for the quarter, hitting analysts' consensus estimates of $0.99. The company had revenue of $768.83 million for 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 firm's revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the business posted $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. Analysts anticipate that Equity Residential will post 3.98 EPS for the current fiscal year.

Equity Residential Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Thursday, September 25th were issued 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 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.

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