Amundi Has $47.37 Million Stake in Equity Residential $EQR

Amundi lifted its holdings in Equity Residential (NYSE:EQR - Free Report) by 8.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 691,036 shares of the real estate investment trust's stock after purchasing an additional 51,232 shares during the quarter. Amundi owned 0.18% of Equity Residential worth $47,371,000 as of its most recent SEC filing.

A number of other institutional 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 $165,442,000. Price T Rowe Associates Inc. MD lifted its position in shares of Equity Residential by 5.6% in 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 purchasing an additional 1,101,027 shares in the last quarter. GAMMA Investing LLC increased its holdings in Equity Residential by 7,177.2% during the first quarter. GAMMA Investing LLC now owns 506,930 shares of the real estate investment trust's stock worth $36,286,000 after buying an additional 499,964 shares during the last quarter. National Bank of Canada FI increased its holdings in 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 buying an additional 442,584 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Equity Residential during the fourth quarter worth $27,584,000. Institutional investors own 92.68% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on EQR. Wedbush restated a "neutral" rating and set a $75.00 target price on shares of Equity Residential in a report on Wednesday, May 28th. Evercore ISI lowered their target price on shares of Equity Residential from $72.00 to $71.00 and set an "outperform" rating on the stock in a report on Tuesday, August 12th. Stifel Nicolaus set a $80.50 target price on shares of Equity Residential and gave the stock a "buy" rating in a report on Tuesday, August 5th. Morgan Stanley lowered their target price on shares of Equity Residential from $76.50 to $75.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 13th. Finally, Truist Financial lowered their target price on shares of Equity Residential from $78.00 to $75.00 and set a "buy" rating on the stock in a report on Friday, August 29th. Six analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, Equity Residential presently has an average rating of "Hold" and an average target price of $75.96.

Equity Residential Trading Down 0.6%

Shares of Equity Residential stock traded down $0.38 on Friday, hitting $66.51. The stock had a trading volume of 182,779 shares, compared to its average volume of 1,920,556. The stock has a 50 day moving average of $65.44 and a 200 day moving average of $67.93. Equity Residential has a twelve month low of $59.41 and a twelve month high of $78.83. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.17 and a current ratio of 0.17. The firm has a market capitalization of $25.40 billion, a P/E ratio of 25.06, a PEG ratio of 3.34 and a beta of 0.93.

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 earnings per share (EPS) 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 firm's revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the firm 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. Sell-side analysts expect that Equity Residential will post 3.98 earnings per share for the current fiscal year.

Equity Residential Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Thursday, September 25th will be given a dividend of $0.6925 per share. This represents a $2.77 dividend on an annualized basis and a yield of 4.2%. Equity Residential's dividend 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.