Cbre Investment Management Listed Real Assets LLC Has $27.18 Million Stake in Equity Residential $EQR

Key Points

• CBRE Investment Management Listed Real Assets LLC reduced its stake in Equity Residential by 49.2%, holding approximately 0.10% of the company worth $27.18 million after selling 367,704 shares.
• A significant number of institutional investors have increased their holdings in Equity Residential, with Vanguard Group owning over 56 million shares, valued at approximately $4 billion.
• Equity Residential recently reported earnings of $0.99 per share, meeting analyst expectations, and announced a quarterly dividend of $0.6925 per share with a yield of 4.3%.

Cbre Investment Management Listed Real Assets LLC lessened its stake in shares of Equity Residential (NYSE:EQR - Free Report) by 49.2% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 379,734 shares of the real estate investment trust's stock after selling 367,704 shares during the quarter. Cbre Investment Management Listed Real Assets LLC owned about 0.10% of Equity Residential worth $27,181,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of EQR. Mariner LLC lifted its stake in shares of Equity Residential by 5.7% during the 4th quarter. Mariner LLC now owns 25,231 shares of the real estate investment trust's stock worth $1,811,000 after buying an additional 1,367 shares during the last quarter. NewEdge Advisors LLC lifted its stake in shares of Equity Residential by 3.0% during the 4th quarter. NewEdge Advisors LLC now owns 8,584 shares of the real estate investment trust's stock worth $616,000 after buying an additional 249 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of Equity Residential by 13.0% during the 4th quarter. First Trust Advisors LP now owns 227,461 shares of the real estate investment trust's stock worth $16,323,000 after buying an additional 26,125 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Equity Residential by 30.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 17,584 shares of the real estate investment trust's stock worth $1,262,000 after buying an additional 4,069 shares during the last quarter. Finally, MGO One Seven LLC acquired a new stake in shares of Equity Residential during the 4th quarter worth about $264,000. Institutional investors and hedge funds own 92.68% of the company's stock.

Wall Street Analysts Forecast Growth

EQR has been the subject of a number of research reports. Barclays cut their target price on shares of Equity Residential from $83.00 to $81.00 and set an "overweight" rating for the company in a research note on Tuesday, August 12th. Morgan Stanley decreased their price target on shares of Equity Residential from $76.50 to $75.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 13th. Scotiabank decreased their price target on shares of Equity Residential from $78.00 to $77.00 and set a "sector perform" rating on the stock in a research note on Thursday, August 14th. UBS Group decreased their price target on shares of Equity Residential from $84.00 to $76.00 and set a "buy" rating on the stock in a research note on Tuesday, July 15th. Finally, Wedbush restated a "neutral" rating and issued a $75.00 price target on shares of Equity Residential in a research note on Wednesday, May 28th. Eight equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, Equity Residential currently has a consensus rating of "Moderate Buy" and an average price target of $77.78.

Equity Residential Trading Down 0.4%

NYSE:EQR traded down $0.23 during mid-day trading on Tuesday, hitting $64.57. 5,972,521 shares of the company's stock were exchanged, compared to its average volume of 2,378,594. The company has a 50 day simple moving average of $65.96 and a 200-day simple moving average of $68.40. 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 fifty-two week low of $59.41 and a fifty-two week high of $78.83. The firm has a market capitalization of $24.66 billion, a P/E ratio of 16.53, a PEG ratio of 3.29 and a beta of 0.92.

Equity Residential (NYSE:EQR - Get Free Report) last posted its earnings results on Monday, August 4th. The real estate investment trust reported $0.99 EPS for the quarter, hitting the consensus estimate of $0.99. Equity Residential had a net margin of 33.22% and a return on equity of 9.05%. The business had revenue of $768.83 million for the quarter, compared to the consensus estimate of $770.60 million. During the same period last year, the company earned $0.97 EPS. The firm's revenue was up 4.7% compared to the same quarter last year. 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 expect that Equity Residential will post 3.98 earnings per share for the current year.

Equity Residential Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 11th. Investors of record on Tuesday, June 24th were given a dividend of $0.6925 per share. 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 (DPR) is currently 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.