Edmond DE Rothschild Holding S.A. Grows Position in Equity Residential $EQR

Key Points

• Edmond DE Rothschild Holding S.A. increased its holdings in Equity Residential by 9.9%, acquiring an additional 45,110 shares, bringing its total to 500,297 shares valued at approximately $35.81 million.
• The real estate investment trust reported a quarterly EPS of $0.99, meeting analysts' expectations, with quarterly revenue reaching $768.83 million.
• Equity Residential declared a quarterly dividend of $0.6925 per share, representing an annualized dividend yield of 4.3% and a payout ratio of 104.53%.

Edmond DE Rothschild Holding S.A. boosted its holdings in Equity Residential (NYSE:EQR - Free Report) by 9.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 500,297 shares of the real estate investment trust's stock after buying an additional 45,110 shares during the quarter. Edmond DE Rothschild Holding S.A. owned approximately 0.13% of Equity Residential worth $35,811,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Eventide Asset Management LLC bought a new position in Equity Residential in the first quarter valued at about $27,944,000. Alliancebernstein L.P. grew its stake in Equity Residential by 0.6% in the first quarter. Alliancebernstein L.P. now owns 458,324 shares of the real estate investment trust's stock valued at $32,807,000 after acquiring an additional 2,874 shares during the period. Beaird Harris Wealth Management LLC acquired a new stake in Equity Residential in the first quarter valued at approximately $56,000. AQR Capital Management LLC boosted its position in shares of Equity Residential by 9.5% during the first quarter. AQR Capital Management LLC now owns 155,111 shares of the real estate investment trust's stock valued at $11,103,000 after buying an additional 13,501 shares during the last quarter. Finally, Alyeska Investment Group L.P. boosted its position in shares of Equity Residential by 16.6% during the first quarter. Alyeska Investment Group L.P. now owns 387,574 shares of the real estate investment trust's stock valued at $27,743,000 after buying an additional 55,140 shares during the last quarter. 92.68% of the stock is owned by institutional investors and hedge funds.

Equity Residential Trading Down 0.1%

Shares of NYSE EQR traded down $0.07 during midday trading on Tuesday, reaching $66.32. The company had a trading volume of 692,689 shares, compared to its average volume of 1,931,667. The firm's fifty day moving average price is $65.46 and its 200-day moving average price is $67.99. The stock has a market cap of $25.33 billion, a PE ratio of 25.03, a price-to-earnings-growth ratio of 3.39 and a beta of 0.93. 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 one year low of $59.41 and a one year high of $78.83.

Equity Residential (NYSE:EQR - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The real estate investment trust reported $0.99 EPS for the quarter, meeting analysts' consensus estimates of $0.99. The business 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%.Equity Residential's quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.97 EPS. 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, equities research analysts anticipate that Equity Residential will post 3.98 earnings per share for the current year.

Equity Residential Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Tuesday, June 24th were given a $0.6925 dividend. The ex-dividend date of this dividend was Tuesday, June 24th. This represents a $2.77 annualized dividend and a dividend yield of 4.2%. Equity Residential's dividend payout ratio is currently 104.53%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Wedbush reiterated a "neutral" rating and set a $75.00 price target on shares of Equity Residential in a report on Wednesday, May 28th. Mizuho reduced their price target on Equity Residential from $76.00 to $71.00 and set a "neutral" rating for the company in a research report on Friday, May 23rd. Barclays reduced their price target on Equity Residential from $83.00 to $81.00 and set an "overweight" rating for the company in a research report on Tuesday, August 12th. UBS Group reduced their price target 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. Finally, Morgan Stanley reduced their target price on Equity Residential from $76.50 to $75.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 13th. Eight equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $76.90.

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.