E. Ohman J or Asset Management AB Reduces Position in Equity Residential $EQR

Key Points

• E. Ohman J or Asset Management AB decreased its stake in Equity Residential by 23.4%, holding 12,662 shares valued at $855,000 after selling 3,858 shares during the second quarter.
• Equity Residential's recent quarterly earnings report revealed earnings of $0.99 per share, meeting analysts' expectations, with quarterly revenue of $768.83 million.
• The company announced a quarterly dividend of $0.6925 per share, representing an annualized dividend of $2.77 and a yield of 4.2%.

E. Ohman J or Asset Management AB cut its holdings in shares of Equity Residential (NYSE:EQR - Free Report) by 23.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,662 shares of the real estate investment trust's stock after selling 3,858 shares during the quarter. E. Ohman J or Asset Management AB's holdings in Equity Residential were worth $855,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in EQR. Focus Partners Wealth lifted its holdings in Equity Residential by 227.5% during the fourth quarter. Focus Partners Wealth now owns 9,480 shares of the real estate investment trust's stock valued at $680,000 after purchasing an additional 6,585 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of Equity Residential by 1.1% during the fourth quarter. Janus Henderson Group PLC now owns 70,910 shares of the real estate investment trust's stock valued at $5,090,000 after buying an additional 782 shares during the period. ProShare Advisors LLC increased its position in shares of Equity Residential by 7.4% during the fourth quarter. ProShare Advisors LLC now owns 83,759 shares of the real estate investment trust's stock valued at $6,011,000 after buying an additional 5,743 shares during the period. Raiffeisen Bank International AG bought a new stake in shares of Equity Residential during the fourth quarter valued at about $223,000. Finally, Toronto Dominion Bank increased its position in shares of Equity Residential by 7.4% during the fourth quarter. Toronto Dominion Bank now owns 182,560 shares of the real estate investment trust's stock valued at $13,101,000 after buying an additional 12,654 shares during the period. 92.68% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on EQR shares. Wall Street Zen upgraded Equity Residential from a "sell" rating to a "hold" rating in a research report on Friday, September 5th. Mizuho decreased their price target on Equity Residential from $76.00 to $71.00 and set a "neutral" rating on the stock in a research report on Friday, May 23rd. Stifel Nicolaus set a $80.50 price target on Equity Residential and gave the company a "buy" rating in a research report on Tuesday, August 5th. Truist Financial decreased their price target on Equity Residential from $78.00 to $75.00 and set a "buy" rating on the stock in a research report on Friday, August 29th. Finally, Morgan Stanley decreased their price target on Equity Residential from $76.50 to $75.00 and set an "equal weight" rating on the stock in a research report on Wednesday, August 13th. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $75.71.

Equity Residential Stock Performance

NYSE:EQR opened at $65.29 on Tuesday. The firm has a market cap of $24.93 billion, a PE ratio of 24.64, a price-to-earnings-growth ratio of 3.37 and a beta of 0.93. Equity Residential has a fifty-two week low of $59.41 and a fifty-two 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 business has a 50 day moving average price of $65.42 and a 200-day moving average price of $67.75.

Equity Residential (NYSE:EQR - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $0.99 earnings per share 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 return on equity of 9.05% and a net margin of 33.22%.The business's quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $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. Equities research analysts predict that Equity Residential will post 3.98 earnings per share for the current year.

Equity Residential Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Thursday, September 25th will be paid a dividend of $0.6925 per share. This represents a $2.77 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend is Thursday, September 25th. Equity Residential's dividend payout ratio is 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.

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