Equity Residential $EQR Holdings Increased by UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC

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% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,696,175 shares of the real estate investment trust's stock after buying an additional 198,344 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 1.24% of Equity Residential worth $336,152,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Versant Capital Management Inc raised its position in shares of 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 worth $33,000 after buying an additional 157 shares in the last quarter. GKV Capital Management Co. Inc. bought a new stake in shares of Equity Residential during the 1st quarter worth about $37,000. Keystone Global Partners LLC bought a new stake in shares of Equity Residential during the 1st quarter worth about $47,000. Zions Bancorporation National Association UT bought a new stake in shares of Equity Residential in the 1st quarter worth approximately $48,000. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in shares of Equity Residential by 27.6% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 740 shares of the real estate investment trust's stock worth $53,000 after purchasing an additional 160 shares in the last quarter. 92.68% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

EQR has been the topic of a number of research reports. Truist Financial dropped their target price on shares of Equity Residential from $78.00 to $75.00 and set a "buy" rating on the stock in a report on Friday, August 29th. Wedbush reiterated a "neutral" rating and issued a $75.00 target price on shares of Equity Residential in a report on Wednesday, May 28th. Morgan Stanley dropped their target price on shares of Equity Residential from $76.50 to $75.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 13th. Evercore ISI dropped their target price on shares of Equity Residential from $72.00 to $71.00 and set an "outperform" rating on the stock in a report on Tuesday, August 12th. Finally, Wall Street Zen upgraded shares of Equity Residential from a "sell" rating to a "hold" rating in a report on Friday, September 5th. Six analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $75.96.

Equity Residential Stock Performance

Equity Residential stock opened at $65.90 on Thursday. The firm's 50 day simple moving average is $65.43 and its 200-day simple moving average is $67.97. The company has a market cap of $25.17 billion, a P/E ratio of 24.87, a price-to-earnings-growth ratio of 3.38 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 fifty-two week low of $59.41 and a fifty-two week high of $78.83.

Equity Residential (NYSE:EQR - Get Free Report) last released its earnings results on Monday, August 4th. The real estate investment trust reported $0.99 earnings per share for the quarter, hitting the consensus estimate of $0.99. The business had revenue of $768.83 million for the quarter, compared to the consensus estimate of $770.60 million. Equity Residential had a net margin of 33.22% and a return on equity of 9.05%. The firm's quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last 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. As a group, equities research analysts predict that Equity Residential will post 3.98 EPS for the current year.

Equity Residential Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 11th. Investors of record on Tuesday, June 24th were given a dividend of $0.6925 per share. The ex-dividend date of this dividend was Tuesday, June 24th. This represents a $2.77 dividend on an annualized basis and a yield of 4.2%. Equity Residential's payout ratio is presently 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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