Callan Family Office LLC Makes New $486,000 Investment in Equity Residential $EQR

Key Points

• Callan Family Office LLC has made a new investment of $486,000 in Equity Residential by acquiring 7,203 shares during the second quarter.
• Equity Residential reported a quarterly earnings per share of $0.99, meeting analysts' expectations, with a revenue of $768.83 million.
• The company announced a quarterly dividend of $0.6925 per share, resulting in an annualized dividend of $2.77 and a yield of 4.4%.

Callan Family Office LLC acquired a new position in Equity Residential (NYSE:EQR - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,203 shares of the real estate investment trust's stock, valued at approximately $486,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of EQR. Fifth Third Bancorp boosted its stake in Equity Residential by 6.6% in the first quarter. Fifth Third Bancorp now owns 7,284 shares of the real estate investment trust's stock worth $521,000 after purchasing an additional 451 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Equity Residential by 4.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 20,599 shares of the real estate investment trust's stock worth $1,474,000 after acquiring an additional 850 shares during the last quarter. Exchange Traded Concepts LLC raised its position in shares of Equity Residential by 314.1% during the first quarter. Exchange Traded Concepts LLC now owns 27,446 shares of the real estate investment trust's stock worth $1,965,000 after acquiring an additional 20,818 shares during the last quarter. QRG Capital Management Inc. raised its position in shares of Equity Residential by 32.3% during the first quarter. QRG Capital Management Inc. now owns 226,760 shares of the real estate investment trust's stock worth $16,231,000 after acquiring an additional 55,394 shares during the last quarter. Finally, Seven Post Investment Office LP raised its position in shares of Equity Residential by 0.9% during the first quarter. Seven Post Investment Office LP now owns 317,040 shares of the real estate investment trust's stock worth $22,694,000 after acquiring an additional 2,977 shares during the last quarter. Institutional investors and hedge funds own 92.68% of the company's stock.

Equity Residential Stock Up 0.4%

EQR stock opened at $62.29 on Wednesday. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.17 and a quick ratio of 0.17. The stock has a market capitalization of $23.79 billion, a P/E ratio of 23.50, a P/E/G ratio of 3.15 and a beta of 0.90. The business has a 50-day moving average of $64.36 and a 200-day moving average of $66.72. Equity Residential has a fifty-two week low of $59.41 and a fifty-two week high of $78.32.

Equity Residential (NYSE:EQR - Get Free Report) last posted 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. The company had revenue of $768.83 million during the quarter, compared to analysts' expectations of $770.60 million. Equity Residential had a return on equity of 9.05% and a net margin of 33.22%.Equity Residential's revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the prior year, the firm 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 anticipate that Equity Residential will post 3.98 earnings per share for the current fiscal year.

Equity Residential Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Evercore ISI dropped their target price on Equity Residential from $72.00 to $71.00 and set an "outperform" rating for the company in a research report on Monday. Scotiabank dropped their target price on Equity Residential from $78.00 to $77.00 and set a "sector perform" rating for the company in a research report on Thursday, August 14th. The Goldman Sachs Group dropped their target price on Equity Residential from $72.00 to $70.00 and set a "neutral" rating for the company in a research report on Wednesday, September 17th. JPMorgan Chase & Co. dropped their target price on Equity Residential from $76.00 to $75.00 in a research report on Tuesday, September 16th. Finally, Wall Street Zen downgraded Equity Residential from a "hold" rating to a "sell" rating in a research report on Friday, September 26th. Seven analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $74.25.

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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