Dimensional Fund Advisors LP Sells 146,972 Shares of Equity Residential $EQR

Key Points

• Dimensional Fund Advisors LP reduced its holdings in Equity Residential (NYSE:EQR) by 2.8%, now owning approximately 5,077,604 shares valued at $363.45 million.
• Equity Residential reported $0.99 EPS for the recent quarter, meeting analysts' expectations, with a revenue of $768.83 million.
• The company announced a quarterly dividend of $0.6925 per share, representing an annual yield of 4.3% despite a payout ratio over 100%.

Dimensional Fund Advisors LP trimmed its holdings in Equity Residential (NYSE:EQR - Free Report) by 2.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,077,604 shares of the real estate investment trust's stock after selling 146,972 shares during the period. Dimensional Fund Advisors LP owned 1.34% of Equity Residential worth $363,451,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of EQR. Vanguard Group Inc. lifted its position in shares of Equity Residential by 0.4% in the first quarter. Vanguard Group Inc. now owns 56,000,934 shares of the real estate investment trust's stock worth $4,008,547,000 after buying an additional 199,943 shares during the last quarter. Invesco Ltd. grew its holdings in Equity Residential by 1.7% during the first quarter. Invesco Ltd. now owns 6,634,446 shares of the real estate investment trust's stock valued at $474,894,000 after purchasing an additional 112,004 shares during the last quarter. Northern Trust Corp grew its holdings in 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 valued at $464,718,000 after purchasing an additional 2,246,555 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Equity Residential by 8.3% in the first quarter. JPMorgan Chase & Co. now owns 4,560,478 shares of the real estate investment trust's stock valued at $326,439,000 after purchasing an additional 350,095 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Equity Residential by 5.6% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,497,831 shares of the real estate investment trust's stock worth $322,764,000 after buying an additional 238,686 shares during the last quarter. Institutional investors own 92.68% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on EQR. UBS Group reduced their price objective on Equity Residential from $84.00 to $76.00 and set a "buy" rating for the company in a research report on Tuesday, July 15th. Wall Street Zen cut shares of Equity Residential from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. Wedbush reaffirmed a "neutral" rating and issued a $75.00 price objective on shares of Equity Residential in a research note on Wednesday, May 28th. Evercore ISI reduced their price target on shares of Equity Residential from $72.00 to $71.00 and set an "outperform" rating on the stock in a research report on Tuesday, August 12th. Finally, Stifel Nicolaus set a $80.50 target price on Equity Residential and gave the stock a "buy" rating in a report on Tuesday, August 5th. Eight equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $77.78.

Equity Residential Stock Performance

NYSE EQR traded down $0.13 during trading on Thursday, reaching $64.35. 274,899 shares of the company's stock were exchanged, compared to its average volume of 1,931,286. 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 business has a 50 day moving average price of $66.23 and a 200-day moving average price of $68.58. The stock has a market capitalization of $24.58 billion, a P/E ratio of 24.28, a PEG ratio of 3.27 and a beta of 0.92. Equity Residential has a fifty-two week low of $59.41 and a fifty-two week high of $78.83.

Equity Residential (NYSE:EQR - Get Free Report) last issued 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 return on equity of 9.05% and a net margin of 33.22%.The company had revenue of $768.83 million during the quarter, compared to the consensus estimate of $770.60 million. During the same period in the previous year, the company posted $0.97 EPS. The firm'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. Sell-side analysts forecast that Equity Residential will post 3.98 earnings per share for the current fiscal year.

Equity Residential Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 11th. Investors of record on Tuesday, June 24th were paid a $0.6925 dividend. The ex-dividend date was Tuesday, June 24th. This represents a $2.77 dividend on an annualized basis and a yield of 4.3%. Equity Residential's dividend payout ratio is 104.53%.

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.