Asset Management One Co. Ltd. Has $46.60 Million Stake in Equity Residential $EQR

Key Points

• Asset Management One Co. Ltd. reduced its stake in Equity Residential by 1.6% in Q2, now holding $46.60 million worth of shares.
• Equity Residential announced a quarterly dividend of $0.6925, reflecting an annual yield of 4.4% with a payout ratio of 104.53%.
• Equity Residential's recent earnings report matched consensus estimates, revealing a revenue increase of 4.7% year-over-year, amounting to $768.83 million.

Asset Management One Co. Ltd. decreased its stake in shares of Equity Residential (NYSE:EQR - Free Report) by 1.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 690,535 shares of the real estate investment trust's stock after selling 10,883 shares during the quarter. Asset Management One Co. Ltd. owned about 0.18% of Equity Residential worth $46,604,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. TCW Group Inc. grew its position in shares of Equity Residential by 40.4% during the 1st quarter. TCW Group Inc. now owns 83,417 shares of the real estate investment trust's stock worth $5,971,000 after buying an additional 23,997 shares during the period. Sequoia Financial Advisors LLC lifted its holdings in shares of Equity Residential by 6.3% in the 1st quarter. Sequoia Financial Advisors LLC now owns 3,246 shares of the real estate investment trust's stock worth $232,000 after purchasing an additional 191 shares in the last quarter. U.S. Capital Wealth Advisors LLC lifted its holdings in shares of Equity Residential by 39.1% in the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 86,203 shares of the real estate investment trust's stock worth $6,170,000 after purchasing an additional 24,232 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Equity Residential by 11.0% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 845,820 shares of the real estate investment trust's stock worth $60,544,000 after purchasing an additional 83,788 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Equity Residential by 9.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 54,271 shares of the real estate investment trust's stock worth $3,885,000 after purchasing an additional 4,499 shares in the last quarter. Institutional investors and hedge funds own 92.68% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on EQR shares. Morgan Stanley cut their target price on Equity Residential from $76.50 to $75.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 13th. Evercore ISI dropped their price objective on Equity Residential from $72.00 to $71.00 and set an "outperform" rating on the stock in a research note on Monday, October 13th. JPMorgan Chase & Co. dropped their price objective on Equity Residential from $76.00 to $75.00 in a research note on Tuesday, September 16th. BNP Paribas Exane cut Equity Residential from an "outperform" rating to a "neutral" rating in a research note on Monday, September 29th. Finally, Wells Fargo & Company dropped their price objective on Equity Residential from $75.00 to $68.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 27th. Seven analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, Equity Residential currently has an average rating of "Hold" and an average target price of $73.57.

Equity Residential Trading Up 0.2%

Shares of EQR opened at $63.43 on Friday. The business has a 50-day moving average of $64.24 and a 200 day moving average of $66.47. Equity Residential has a fifty-two week low of $59.41 and a fifty-two week high of $78.32. The firm has a market cap of $24.23 billion, a P/E ratio of 23.94, a price-to-earnings-growth ratio of 3.21 and a beta of 0.90. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.17 and a current ratio of 0.17.

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

Equity Residential Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Thursday, September 25th were issued a $0.6925 dividend. The ex-dividend date of this dividend was Thursday, September 25th. This represents a $2.77 annualized dividend and a yield of 4.4%. Equity Residential's dividend payout ratio (DPR) is 104.53%.

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.

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