AlphaQuest LLC Takes $1.53 Million Position in Equity Residential $EQR

Key Points

• AlphaQuest LLC has acquired a new stake in Equity Residential (EQR), purchasing 21,427 shares valued at approximately $1,534,000 during the first quarter of the year.
• Equity Residential's latest quarterly earnings report showed an EPS of $0.99, meeting analyst estimates, with revenues of $768.83 million compared to expected $770.60 million.
• The company recently announced a quarterly dividend of $0.6925 per share, representing an annualized amount of $2.77, with a dividend yield of 4.3%.

AlphaQuest LLC purchased a new position in shares of Equity Residential (NYSE:EQR - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 21,427 shares of the real estate investment trust's stock, valued at approximately $1,534,000.

A number of other institutional investors have also added to or reduced their stakes in EQR. Versant Capital Management Inc raised its stake in Equity Residential by 51.6% in the first quarter. Versant Capital Management Inc now owns 461 shares of the real estate investment trust's stock worth $33,000 after buying an additional 157 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its stake 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 worth $53,000 after buying an additional 160 shares during the period. Greenleaf Trust boosted its stake in Equity Residential by 4.4% in the 1st quarter. Greenleaf Trust now owns 3,858 shares of the real estate investment trust's stock worth $276,000 after purchasing an additional 162 shares during the period. Brown Advisory Inc. lifted its position in shares of Equity Residential by 1.6% in the first quarter. Brown Advisory Inc. now owns 10,733 shares of the real estate investment trust's stock worth $768,000 after buying an additional 166 shares in the last quarter. Finally, Avior Wealth Management LLC raised its position in Equity Residential by 2.9% in the 1st 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 institutional investors.

Equity Residential Price Performance

Shares of EQR traded down $0.23 on Tuesday, hitting $64.57. The company's stock had a trading volume of 5,972,521 shares, compared to its average volume of 1,955,729. The company has a 50 day moving average price of $65.96 and a 200 day moving average price of $68.40. The company has a market capitalization of $24.66 billion, a PE ratio of 24.37, a PEG ratio of 3.31 and a beta of 0.92. 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 fifty-two week low of $59.41 and a fifty-two week high of $78.83.

Equity Residential (NYSE:EQR - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The real estate investment trust reported $0.99 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.99. Equity Residential had a return on equity of 9.05% and a net margin of 33.22%.The business had revenue of $768.83 million for the quarter, compared to analyst estimates of $770.60 million. During the same quarter in the prior year, the firm posted $0.97 earnings per share. The firm's revenue for the quarter was up 4.7% compared to the same quarter last year. Equity Residential has set its FY 2025 guidance at 3.970-4.030 EPS. Q3 2025 guidance at 0.990-1.030 EPS. On average, 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 announced 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 annualized dividend and a yield of 4.3%. The ex-dividend date was Tuesday, June 24th. Equity Residential's dividend payout ratio (DPR) is 104.53%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Barclays dropped their price target on Equity Residential from $83.00 to $81.00 and set an "overweight" rating on the stock in a research note on Tuesday, August 12th. Mizuho cut their target price on shares of Equity Residential from $76.00 to $71.00 and set a "neutral" rating on the stock in a research note on Friday, May 23rd. Royal Bank Of Canada lifted their target price on Equity Residential from $75.00 to $76.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. UBS Group dropped their price objective on shares of Equity Residential from $84.00 to $76.00 and set a "buy" rating for the company in a research note on Tuesday, July 15th. Finally, Scotiabank cut their price target on shares of Equity Residential from $78.00 to $77.00 and set a "sector perform" rating on the stock in a report on Thursday, August 14th. Eight analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, Equity Residential has an average rating of "Moderate Buy" and a consensus price target of $77.78.

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.