APG Asset Management N.V. Has $26.02 Million Stake in Equity Residential $EQR

Key Points

• APG Asset Management N.V. reduced its stake in Equity Residential by 8.9%, now owning 392,700 shares valued at approximately $26.02 million.
• Wall Street analysts remain optimistic about Equity Residential, with a consensus rating of "Moderate Buy" and a target price of $77.78, despite some adjustments from various firms.
• Equity Residential recently reported a quarterly EPS of $0.99, matching forecasts, with a revenue of $768.83 million, marking a 4.7% year-over-year increase.

APG Asset Management N.V. decreased its holdings in shares of Equity Residential (NYSE:EQR - Free Report) by 8.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 392,700 shares of the real estate investment trust's stock after selling 38,400 shares during the quarter. APG Asset Management N.V. owned 0.10% of Equity Residential worth $26,022,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of EQR. Versant Capital Management Inc raised its stake in Equity Residential by 51.6% during the first 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. GKV Capital Management Co. Inc. acquired a new position in Equity Residential during the first quarter worth about $37,000. Keystone Global Partners LLC acquired a new position in Equity Residential during the first quarter worth about $47,000. Zions Bancorporation National Association UT acquired a new position in Equity Residential during the first quarter worth about $48,000. Finally, Kapitalo Investimentos Ltda acquired a new position in Equity Residential during the fourth quarter worth about $51,000. 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. Royal Bank Of Canada boosted their price target on Equity Residential from $75.00 to $76.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Barclays reduced their price target on Equity Residential from $83.00 to $81.00 and set an "overweight" rating on the stock in a report on Tuesday, August 12th. UBS Group reduced their price target on Equity Residential from $84.00 to $76.00 and set a "buy" rating on the stock in a report on Tuesday, July 15th. Wall Street Zen cut Equity Residential from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Finally, Mizuho reduced their price target on Equity Residential from $76.00 to $71.00 and set a "neutral" rating on the stock in a report on Friday, May 23rd. Eight equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Equity Residential presently has a consensus rating of "Moderate Buy" and a consensus target price of $77.78.

Equity Residential Stock Performance

Shares of EQR stock opened at $65.1710 on Friday. The business's 50 day simple moving average is $66.04 and its 200 day simple moving average is $68.47. Equity Residential has a one year low of $59.41 and a one year high of $78.83. The stock has a market capitalization of $24.89 billion, a PE ratio of 24.59, 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 (NYSE:EQR - Get Free Report) last announced its earnings results on Monday, August 4th. The real estate investment trust reported $0.99 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 analysts' expectations of $770.60 million. During the same period in the prior year, the business 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. As a group, research analysts forecast that Equity Residential will post 3.98 earnings per share for the current year.

Equity Residential Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 11th. Investors of record on Tuesday, June 24th were issued a $0.6925 dividend. The ex-dividend date was Tuesday, June 24th. This represents a $2.77 annualized dividend and a yield of 4.3%. Equity Residential's dividend payout ratio is presently 104.53%.

Equity Residential 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.

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