UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Purchases 198,344 Shares of Equity Residential $EQR

Key Points

• UBS Asset Management increased its stake in Equity Residential by 4.4%, owning approximately 4.7 million shares worth $336 million.
• Equity Residential's earnings report revealed a quarterly EPS of $0.99, matching analysts' expectations, with revenues of $768.83 million.
• Recent analyst ratings show a mixed outlook, with target prices adjusted down to around $75 and a consensus rating of "Hold" for the stock.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Equity Residential (NYSE:EQR - Free Report) by 4.4% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,696,175 shares of the real estate investment trust's stock after purchasing an additional 198,344 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 1.24% of Equity Residential worth $336,152,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Cetera Investment Advisers increased its position in shares of Equity Residential by 3.7% in the fourth quarter. Cetera Investment Advisers now owns 46,010 shares of the real estate investment trust's stock valued at $3,302,000 after acquiring an additional 1,647 shares during the period. Ensign Peak Advisors Inc raised its position in Equity Residential by 17.2% during the 4th quarter. Ensign Peak Advisors Inc now owns 94,557 shares of the real estate investment trust's stock valued at $6,785,000 after purchasing an additional 13,888 shares during the last quarter. Focus Partners Wealth lifted its holdings in Equity Residential by 227.5% in the 4th quarter. Focus Partners Wealth now owns 9,480 shares of the real estate investment trust's stock worth $680,000 after buying an additional 6,585 shares during the period. Gotham Asset Management LLC lifted its holdings in Equity Residential by 37.4% in the 4th quarter. Gotham Asset Management LLC now owns 26,645 shares of the real estate investment trust's stock worth $1,912,000 after buying an additional 7,250 shares during the period. Finally, Janus Henderson Group PLC increased its stake 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. Hedge funds and other institutional investors own 92.68% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on EQR shares. Truist Financial dropped their price target on Equity Residential from $78.00 to $75.00 and set a "buy" rating for the company in a research note on Friday, August 29th. Scotiabank dropped their target price 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. Evercore ISI boosted their price target on shares of Equity Residential from $71.00 to $72.00 and gave the company an "outperform" rating in a research report on Monday. Wells Fargo & Company lowered their price objective on shares of Equity Residential from $75.00 to $68.00 and set an "equal weight" rating for the company in a report on Wednesday, August 27th. Finally, Mizuho reduced their target price on Equity Residential from $76.00 to $71.00 and set a "neutral" rating on the stock in a report on Friday, May 23rd. Six equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $75.71.

Equity Residential Stock Down 0.4%

NYSE:EQR traded down $0.27 during mid-day trading on Tuesday, hitting $65.01. 597,537 shares of the company's stock were exchanged, compared to its average volume of 1,918,498. The company has a market cap of $24.83 billion, a PE ratio of 24.52, a P/E/G ratio of 3.37 and a beta of 0.93. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.17 and a quick ratio of 0.17. Equity Residential has a one year low of $59.41 and a one year high of $78.37. The business has a fifty 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 announced its earnings results 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. Equity Residential had a net margin of 33.22% and a return on equity of 9.05%. The business had revenue of $768.83 million during the quarter, compared to the consensus estimate of $770.60 million. During the same quarter last year, the firm earned $0.97 earnings per share. The business's revenue for the quarter was up 4.7% on a year-over-year basis. Equity Residential has set its FY 2025 guidance at 3.970-4.030 EPS. Q3 2025 guidance at 0.990-1.030 EPS. Equities analysts predict that Equity Residential will post 3.98 EPS for the current year.

Equity Residential Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Thursday, September 25th will be issued a dividend of $0.6925 per share. The ex-dividend date is Thursday, September 25th. This represents a $2.77 annualized dividend and a dividend yield of 4.3%. Equity Residential's dividend payout ratio (DPR) is presently 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.