Credit Agricole S A Increases Stake in Equity Residential $EQR

Key Points

• Credit Agricole S A increased its stake in Equity Residential (EQR) by 8.3% during the first quarter, holding a total of 97,305 shares valued at approximately $6.97 million.
• Equity Residential reported earnings per share (EPS) of $0.99 for the last quarter, meeting analysts' expectations, with revenues increasing by 4.7% year-over-year.
• The most recent analyst ratings reflect a consensus of "Moderate Buy" with a price target averaging $77.78, indicating mixed market sentiment on the stock.

Credit Agricole S A increased its holdings in Equity Residential (NYSE:EQR - Free Report) by 8.3% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 97,305 shares of the real estate investment trust's stock after purchasing an additional 7,425 shares during the period. Credit Agricole S A's holdings in Equity Residential were worth $6,965,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Versant Capital Management Inc boosted its position in Equity Residential by 51.6% during the 1st quarter. Versant Capital Management Inc now owns 461 shares of the real estate investment trust's stock valued at $33,000 after buying an additional 157 shares during the period. GKV Capital Management Co. Inc. bought a new stake in Equity Residential during the 1st quarter valued at about $37,000. Keystone Global Partners LLC bought a new stake in Equity Residential during the 1st quarter valued at about $47,000. Zions Bancorporation National Association UT purchased a new stake in shares of Equity Residential during the 1st quarter valued at about $48,000. Finally, Kapitalo Investimentos Ltda purchased a new stake in shares of Equity Residential during the 4th quarter valued at about $51,000. Hedge funds and other institutional investors own 92.68% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on EQR shares. Mizuho dropped their price objective on shares of Equity Residential from $76.00 to $71.00 and set a "neutral" rating on the stock in a report on Friday, May 23rd. 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. Wall Street Zen cut shares of Equity Residential from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. Royal Bank Of Canada boosted their price objective on shares of Equity Residential from $75.00 to $76.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Finally, Barclays cut their price objective on shares of Equity Residential from $83.00 to $81.00 and set an "overweight" rating on the stock in a research report on Tuesday, August 12th. Eight equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, Equity Residential currently has an average rating of "Moderate Buy" and a consensus price target of $77.78.

Equity Residential Trading Down 0.4%

EQR stock opened at $64.1950 on Friday. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.75. Equity Residential has a twelve month low of $59.41 and a twelve month high of $78.83. The stock has a market capitalization 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. The firm's fifty day simple moving average is $66.11 and its two-hundred day simple moving average is $68.53.

Equity Residential (NYSE:EQR - Get Free Report) last issued its earnings results on Monday, August 4th. The real estate investment trust reported $0.99 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.99. The firm had revenue of $768.83 million during 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%. The business's revenue was up 4.7% on a year-over-year basis. During the same period in the previous 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. As a group, analysts anticipate that Equity Residential will post 3.98 earnings per share for the current year.

Equity Residential Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Tuesday, June 24th were paid a dividend of $0.6925 per share. This represents a $2.77 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend was Tuesday, June 24th. Equity Residential's payout ratio is currently 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.