Resolution Capital Ltd Grows Holdings in Equity Residential $EQR

Key Points

• Resolution Capital Ltd has increased its position in Equity Residential by 3.8%, making it the firm's fourth-largest holding, owning approximately 5.08 million shares worth $363.42 million.
• Equity Residential reported earnings of $0.99 per share, meeting analysts' expectations, with a 4.7% year-over-year revenue increase to $768.83 million.
• The company declared a quarterly dividend of $0.6925 per share, yielding 4.1%, although its dividend payout ratio stands at a high 104.53%.

Resolution Capital Ltd grew its stake in shares of Equity Residential (NYSE:EQR - Free Report) by 3.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,077,065 shares of the real estate investment trust's stock after acquiring an additional 185,876 shares during the period. Equity Residential comprises approximately 7.1% of Resolution Capital Ltd's holdings, making the stock its 4th biggest position. Resolution Capital Ltd owned 1.34% of Equity Residential worth $363,416,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Versant Capital Management Inc grew its holdings in 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 acquiring an additional 157 shares in the last quarter. GKV Capital Management Co. Inc. acquired a new position in Equity Residential during the 1st quarter worth $37,000. Keystone Global Partners LLC acquired a new position in Equity Residential during the 1st quarter worth $47,000. Zions Bancorporation National Association UT acquired a new position in shares of Equity Residential in the 1st quarter valued at about $48,000. Finally, MassMutual Private Wealth & Trust FSB boosted 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 valued at $53,000 after buying an additional 160 shares during the period. 92.68% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently commented on EQR shares. Wall Street Zen raised shares of Equity Residential from a "sell" rating to a "hold" rating in a report on Friday. Evercore ISI decreased their price target on shares of Equity Residential from $72.00 to $71.00 and set an "outperform" rating for the company in a report on Tuesday, August 12th. UBS Group decreased their price target on shares of Equity Residential from $84.00 to $76.00 and set a "buy" rating for the company in a report on Tuesday, July 15th. Scotiabank decreased their price target on shares of Equity Residential from $78.00 to $77.00 and set a "sector perform" rating for the company in a report on Thursday, August 14th. Finally, Morgan Stanley decreased their price target on shares of Equity Residential from $76.50 to $75.00 and set an "equal weight" rating for the company in a report on Wednesday, August 13th. Eight analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $76.90.

Equity Residential Stock Performance

Equity Residential stock traded up $0.24 during midday trading on Tuesday, reaching $66.63. 1,371,598 shares of the stock traded hands, compared to its average volume of 1,897,872. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.75. The firm has a fifty day moving average price of $65.45 and a two-hundred day moving average price of $67.98. The firm has a market cap of $25.44 billion, a price-to-earnings ratio of 25.14, a PEG 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.

Equity Residential (NYSE:EQR - Get Free Report) last posted its earnings results on Monday, August 4th. The real estate investment trust reported $0.99 earnings per share (EPS) 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 net margin of 33.22% and a return on equity of 9.05%. Equity Residential's revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the business 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 forecast that Equity Residential will post 3.98 earnings per share for the current year.

Equity Residential Dividend Announcement

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