Clarius Group LLC Makes New $331,000 Investment in Equity Residential $EQR

Key Points

• Clarius Group LLC invested approximately $331,000 in Equity Residential ($EQR) by acquiring 4,905 shares during the second quarter.
• Equity Residential announced a quarterly dividend of $0.6925, representing an annualized yield of 4.5%, payable on October 10th to shareholders of record as of September 25th.
• Several analysts have recently updated their price targets for Equity Residential, with an average target price of $74.32 and a mix of ratings including a majority giving a "Hold" or "Buy" rating.

Clarius Group LLC bought a new stake in Equity Residential (NYSE:EQR - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 4,905 shares of the real estate investment trust's stock, valued at approximately $331,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. GKV Capital Management Co. Inc. acquired a new stake in Equity Residential during the 1st quarter worth approximately $37,000. Keystone Global Partners LLC bought a new position in shares of Equity Residential during the first quarter valued at $47,000. Zions Bancorporation National Association UT acquired a new position in shares of Equity Residential during the first quarter worth $48,000. Beaird Harris Wealth Management LLC bought a new stake in shares of Equity Residential in the first quarter worth $56,000. Finally, Larson Financial Group LLC increased its holdings in Equity Residential by 215.4% in the first quarter. Larson Financial Group LLC now owns 817 shares of the real estate investment trust's stock valued at $58,000 after purchasing an additional 558 shares during the period. Institutional investors and hedge funds own 92.68% of the company's stock.

Wall Street Analyst Weigh In

EQR has been the topic of several recent research reports. Evercore ISI lifted their target price on Equity Residential from $71.00 to $72.00 and gave the stock an "outperform" rating in a report on Monday, September 15th. Weiss Ratings reiterated a "hold (c)" rating on shares of Equity Residential in a report on Saturday, September 27th. Morgan Stanley reduced their price objective 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 objective on shares of 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. Finally, UBS Group dropped their target price on shares of Equity Residential from $84.00 to $76.00 and set a "buy" rating on the stock in a report on Tuesday, July 15th. Seven analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $74.32.

Equity Residential Stock Performance

Shares of Equity Residential stock opened at $62.23 on Tuesday. The business has a 50-day simple moving average of $64.60 and a 200 day simple moving average of $67.07. Equity Residential has a one year low of $59.41 and a one year high of $78.32. 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 firm has a market capitalization of $23.77 billion, a price-to-earnings ratio of 23.48, a PEG ratio of 3.25 and a beta of 0.90.

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 EPS for the quarter, meeting analysts' consensus estimates of $0.99. Equity Residential had a return on equity of 9.05% and a net margin of 33.22%.The firm had revenue of $768.83 million during the quarter, compared to analysts' expectations of $770.60 million. During the same quarter last year, the firm posted $0.97 earnings per share. The company's revenue for the quarter 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. On average, research analysts anticipate that Equity Residential will post 3.98 earnings per share for the current fiscal year.

Equity Residential Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Thursday, September 25th will be paid a $0.6925 dividend. This represents a $2.77 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend is Thursday, September 25th. Equity Residential's dividend payout ratio (DPR) is 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.

Want to see what other hedge funds are holding EQR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Equity Residential (NYSE:EQR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.