Caisse DE Depot ET Placement DU Quebec Has $12.41 Million Stock Position in Equity Residential $EQR

Key Points

• Caisse DE Depot ET Placement DU Quebec has decreased its stake in Equity Residential by 11.7%, holding 173,359 shares worth approximately $12.4 million after selling 22,915 shares.
• Several institutional investors, including Nuveen LLC and Northern Trust Corp, have made significant acquisitions in Equity Residential, contributing to the increased overall hedge fund ownership of 92.68% in the company.
• Equity Residential recently reported an EPS of $0.99 for the quarter, aligning with analyst expectations, and declared a quarterly dividend of $0.6925 per share, reflecting a yield of 4.3%.

Caisse DE Depot ET Placement DU Quebec cut its position in shares of Equity Residential (NYSE:EQR - Free Report) by 11.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 173,359 shares of the real estate investment trust's stock after selling 22,915 shares during the quarter. Caisse DE Depot ET Placement DU Quebec's holdings in Equity Residential were worth $12,409,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. TCW Group Inc. lifted its stake in Equity Residential by 40.4% in the 1st quarter. TCW Group Inc. now owns 83,417 shares of the real estate investment trust's stock valued at $5,971,000 after purchasing an additional 23,997 shares during the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of Equity Residential by 6.3% during the first 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 during the period. U.S. Capital Wealth Advisors LLC increased its holdings in shares of Equity Residential by 39.1% during the first 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 during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Equity Residential by 11.0% during the first 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 during the period. Finally, PNC Financial Services Group Inc. increased its stake in Equity Residential by 9.0% in the first quarter. PNC Financial Services Group Inc. now owns 54,271 shares of the real estate investment trust's stock valued at $3,885,000 after acquiring an additional 4,499 shares during the last quarter. 92.68% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently issued reports on EQR. Wedbush reissued a "neutral" rating and issued a $75.00 price objective on shares of Equity Residential in a research note on Wednesday, May 28th. 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 report on Friday, May 23rd. Morgan Stanley cut 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 research report on Wednesday, August 13th. UBS Group cut their target price on shares of Equity Residential from $84.00 to $76.00 and set a "buy" rating on the stock in a research report on Tuesday, July 15th. Finally, Wells Fargo & Company cut their target price on shares of Equity Residential from $75.00 to $68.00 and set an "equal weight" rating on the stock in a research report on Wednesday, August 27th. Eight research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $77.16.

Equity Residential Trading Up 1.4%

EQR stock traded up $0.89 during midday trading on Monday, hitting $66.18. The stock had a trading volume of 1,412,925 shares, compared to its average volume of 2,138,358. The firm has a market cap of $25.28 billion, a P/E ratio of 24.98, a price-to-earnings-growth ratio of 3.36 and a beta of 0.93. 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 1-year low of $59.41 and a 1-year high of $78.83. The business has a fifty day moving average price of $65.68 and a two-hundred day moving average price of $68.23.

Equity Residential (NYSE:EQR - Get Free Report) last released its 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. The business had revenue of $768.83 million for the quarter, compared to analyst estimates of $770.60 million. Equity Residential had a net margin of 33.22% and a return on equity of 9.05%. Equity Residential's revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $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. On average, sell-side analysts predict that Equity Residential will post 3.98 earnings per share for the current fiscal year.

Equity Residential Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Tuesday, June 24th were given a dividend of $0.6925 per share. The ex-dividend date of this dividend was Tuesday, June 24th. This represents a $2.77 annualized dividend and a dividend yield of 4.2%. 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.