Equity Residential $EQR Stake Increased by Cascade Financial Partners LLC

Key Points

• Cascade Financial Partners LLC increased its stake in Equity Residential by 219.4% in the first quarter, now owning 9,256 shares valued at approximately $663,000.
• Analysts have set a consensus price target of $77.78 for Equity Residential, with ratings ranging from sell to buy, indicating mixed sentiments on the stock's future performance.
• Equity Residential reported quarterly earnings of $0.99 per share, meeting analysts' expectations, and announced an annualized dividend yield of 4.3%.

Cascade Financial Partners LLC lifted its position in shares of Equity Residential (NYSE:EQR - Free Report) by 219.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 9,256 shares of the real estate investment trust's stock after acquiring an additional 6,358 shares during the period. Cascade Financial Partners LLC's holdings in Equity Residential were worth $663,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of EQR. Nuveen LLC bought a new position in shares of Equity Residential during the first quarter worth about $165,442,000. Northern Trust Corp grew its position in shares of Equity Residential by 53.1% during the fourth quarter. Northern Trust Corp now owns 6,476,004 shares of the real estate investment trust's stock worth $464,718,000 after acquiring an additional 2,246,555 shares during the last quarter. Adelante Capital Management LLC grew its position in shares of Equity Residential by 172.1% during the fourth quarter. Adelante Capital Management LLC now owns 1,077,337 shares of the real estate investment trust's stock worth $77,310,000 after acquiring an additional 681,356 shares during the last quarter. Lasalle Investment Management Securities LLC grew its position in shares of Equity Residential by 79.1% during the fourth quarter. Lasalle Investment Management Securities LLC now owns 1,161,137 shares of the real estate investment trust's stock worth $83,323,000 after acquiring an additional 512,723 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in shares of 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 acquiring an additional 499,964 shares during the last quarter. Institutional investors own 92.68% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Stifel Nicolaus set a $80.50 price target on shares of Equity Residential and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Mizuho decreased their target price on shares of Equity Residential from $76.00 to $71.00 and set a "neutral" rating for the company in a research report on Friday, May 23rd. Evercore ISI decreased their target price on shares of Equity Residential from $72.00 to $71.00 and set an "outperform" rating for the company in a research report on Tuesday, August 12th. Wedbush reiterated a "neutral" rating and issued a $75.00 target price on shares of Equity Residential in a research report on Wednesday, May 28th. Finally, UBS Group decreased their target price on shares of Equity Residential from $84.00 to $76.00 and set a "buy" rating for the company in a research report on Tuesday, July 15th. Eight research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $77.78.

Equity Residential Price Performance

Shares of NYSE:EQR traded down $0.2850 during trading hours on Thursday, hitting $64.1950. 1,296,512 shares of the company's stock traded hands, compared to its average volume of 1,937,952. Equity Residential has a 52 week low of $59.41 and a 52 week 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 company's fifty day simple moving average is $66.23 and its two-hundred day simple moving average is $68.58. The company has a market cap of $24.52 billion, a price-to-earnings ratio of 24.22, a price-to-earnings-growth ratio of 3.27 and a beta of 0.92.

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, meeting the consensus estimate of $0.99. Equity Residential had a net margin of 33.22% and a return on equity of 9.05%. 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 business'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, equities analysts anticipate that Equity Residential will post 3.98 EPS for the current fiscal year.

Equity Residential Announces Dividend

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