Equity Residential $EQR Shares Bought by Consolidated Investment Group LLC

Key Points

• Consolidated Investment Group LLC increased its stake in Equity Residential by 30.4%, now owning 30,000 shares worth approximately $2 million.
• Equity Residential reported a Q2 EPS of $0.99, meeting analyst expectations, while quarterly revenue reached $768.83 million, up 4.7% year-over-year.
• Analysts have varying outlooks on the stock, with target prices ranging from $68.00 to $76.00, and an average rating of "Hold" based on eight "Buy" and nine "Hold" ratings.

Consolidated Investment Group LLC raised its position in Equity Residential (NYSE:EQR - Free Report) by 30.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 30,000 shares of the real estate investment trust's stock after purchasing an additional 7,000 shares during the period. Consolidated Investment Group LLC's holdings in Equity Residential were worth $2,025,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Nuveen LLC acquired a new stake in shares of Equity Residential during the first quarter valued at $165,442,000. Price T Rowe Associates Inc. MD boosted its stake in shares of Equity Residential by 5.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 20,711,588 shares of the real estate investment trust's stock valued at $1,482,537,000 after acquiring an additional 1,101,027 shares during the last quarter. National Bank of Canada FI boosted its stake in shares of Equity Residential by 190.9% during the first quarter. National Bank of Canada FI now owns 674,373 shares of the real estate investment trust's stock valued at $48,272,000 after acquiring an additional 442,584 shares during the last quarter. Eventide Asset Management LLC acquired a new stake in shares of Equity Residential during the first quarter valued at $27,944,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of Equity Residential by 8.3% during the first quarter. JPMorgan Chase & Co. now owns 4,560,478 shares of the real estate investment trust's stock valued at $326,439,000 after acquiring an additional 350,095 shares during the last quarter. Institutional investors and hedge funds own 92.68% of the company's stock.

Equity Residential Stock Performance

Equity Residential stock opened at $63.32 on Friday. The stock's 50-day moving average is $64.68 and its 200-day moving average is $67.17. The company has a market cap of $24.18 billion, a price-to-earnings ratio of 23.89, a price-to-earnings-growth ratio of 3.26 and a beta of 0.90. 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 12 month low of $59.41 and a 12 month high of $78.32.

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 EPS for the quarter, hitting analysts' consensus estimates of $0.99. The company had revenue of $768.83 million for the quarter, compared to the consensus estimate of $770.60 million. Equity Residential had a return on equity of 9.05% and a net margin of 33.22%.The company's quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last 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. Equities analysts anticipate that Equity Residential will post 3.98 earnings per share for the current year.

Equity Residential Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Thursday, September 25th will be paid a $0.6925 dividend. The ex-dividend date is Thursday, September 25th. This represents a $2.77 dividend on an annualized basis and a dividend yield of 4.4%. Equity Residential's dividend payout ratio (DPR) is 104.53%.

Analyst Ratings Changes

A number of analysts recently commented on EQR shares. The Goldman Sachs Group decreased their price objective on Equity Residential from $72.00 to $70.00 and set a "neutral" rating on the stock in a research note on Wednesday, September 17th. Wells Fargo & Company reduced their target price on Equity Residential from $75.00 to $68.00 and set an "equal weight" rating on the stock in a research report on Wednesday, August 27th. Cantor Fitzgerald assumed coverage on Equity Residential in a research report on Wednesday. They set an "overweight" rating and a $70.00 target price on the stock. UBS Group reduced their target price on Equity Residential from $84.00 to $76.00 and set a "buy" rating on the stock in a research report on Tuesday, July 15th. Finally, Wall Street Zen downgraded Equity Residential from a "hold" rating to a "sell" rating in a research report on Friday, September 26th. Seven investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, Equity Residential has an average rating of "Hold" and a consensus target price of $74.32.

Equity Residential Company 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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