AG2R LA Mondiale Gestion D Actifs Makes New Investment in Equity Residential $EQR

Key Points

• AG2R LA Mondiale Gestion D Actifs acquired 18,315 shares of Equity Residential valued at approximately $1.29 million in the first quarter, marking a significant investment in the real estate sector.
• Equity Residential announced a quarterly dividend of $0.6925, reflecting an annualized payout of $2.77, with a current dividend yield of 4.2%.
• Analysts maintain an average price target of $75.96 for Equity Residential, with six out of thirteen research analysts giving it a Buy rating.

AG2R LA Mondiale Gestion D Actifs acquired a new stake in Equity Residential (NYSE:EQR - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 18,315 shares of the real estate investment trust's stock, valued at approximately $1,285,000.

Several other large investors also recently added to or reduced their stakes in EQR. Versant Capital Management Inc raised its stake in shares of Equity Residential by 51.6% during the 1st quarter. Versant Capital Management Inc now owns 461 shares of the real estate investment trust's stock worth $33,000 after acquiring an additional 157 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its position in shares of Equity Residential by 27.6% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 740 shares of the real estate investment trust's stock valued at $53,000 after purchasing an additional 160 shares during the period. Greenleaf Trust grew its position in shares of Equity Residential by 4.4% in the first quarter. Greenleaf Trust now owns 3,858 shares of the real estate investment trust's stock valued at $276,000 after purchasing an additional 162 shares during the period. Brown Advisory Inc. boosted its position in Equity Residential by 1.6% during the first quarter. Brown Advisory Inc. now owns 10,733 shares of the real estate investment trust's stock worth $768,000 after acquiring an additional 166 shares during the last quarter. Finally, Avior Wealth Management LLC raised its stake in Equity Residential by 2.9% during the first quarter. Avior Wealth Management LLC now owns 6,283 shares of the real estate investment trust's stock worth $450,000 after purchasing an additional 177 shares during the period. 92.68% of the stock is owned by hedge funds and other institutional investors.

Equity Residential Stock Performance

Equity Residential stock traded up $0.29 during mid-day trading on Friday, reaching $65.16. The company's stock had a trading volume of 5,032,219 shares, compared to its average volume of 1,793,073. The firm has a market cap of $24.88 billion, a price-to-earnings ratio of 24.59, a PEG ratio of 3.29 and a beta of 0.93. The business has a 50 day moving average price of $65.27 and a 200-day moving average price of $67.58. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.75. Equity Residential has a twelve month low of $59.41 and a twelve month high of $78.32.

Equity Residential (NYSE:EQR - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $0.99 EPS for the quarter, hitting analysts' consensus estimates of $0.99. Equity Residential had a net margin of 33.22% and a return on equity of 9.05%. The firm had revenue of $768.83 million during the quarter, compared to the consensus estimate of $770.60 million. During the same quarter in the previous year, the company posted $0.97 earnings per share. The firm'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. Sell-side analysts predict that Equity Residential will post 3.98 EPS for the current fiscal year.

Equity Residential Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Thursday, September 25th will be issued a dividend of $0.6925 per share. The ex-dividend date of this dividend is Thursday, September 25th. This represents a $2.77 annualized dividend and a dividend yield of 4.3%. Equity Residential's payout ratio is 104.53%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on EQR shares. Stifel Nicolaus set a $80.50 price target on shares of Equity Residential and gave the company a "buy" rating in a research note on Tuesday, August 5th. Evercore ISI increased their price target on shares of Equity Residential from $71.00 to $72.00 and gave the stock an "outperform" rating in a research note on Monday. Wall Street Zen upgraded shares of Equity Residential from a "sell" rating to a "hold" rating in a report on Friday, September 5th. JPMorgan Chase & Co. decreased their price target on shares of Equity Residential from $76.00 to $75.00 in a research note on Tuesday. Finally, Wedbush reissued a "neutral" rating and issued a $75.00 target price on shares of Equity Residential in a research report on Wednesday, May 28th. Six equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $75.25.

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.