Czech National Bank Purchases 5,093 Shares of Equity Residential $EQR

Key Points

• The Czech National Bank increased its holdings in Equity Residential (EQR) by 6.5% during Q2, owning 83,584 shares valued at approximately $5.64 million.
• Equity Residential reported earnings of $0.99 EPS for the last quarter, in line with analysts' expectations, with revenues increasing by 4.7% year-over-year.
• The company announced a quarterly dividend of $0.6925 per share, with a 4.3% yield, and a payout ratio of 104.53%.

Czech National Bank lifted its stake in shares of Equity Residential (NYSE:EQR - Free Report) by 6.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 83,584 shares of the real estate investment trust's stock after purchasing an additional 5,093 shares during the period. Czech National Bank's holdings in Equity Residential were worth $5,641,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Two Sigma Advisers LP lifted its stake in Equity Residential by 11.9% during the fourth quarter. Two Sigma Advisers LP now owns 13,200 shares of the real estate investment trust's stock valued at $947,000 after buying an additional 1,400 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Equity Residential by 5.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,497,831 shares of the real estate investment trust's stock valued at $322,764,000 after acquiring an additional 238,686 shares during the period. Continuum Advisory LLC lifted its position in shares of Equity Residential by 38.8% in the 4th quarter. Continuum Advisory LLC now owns 765 shares of the real estate investment trust's stock valued at $55,000 after acquiring an additional 214 shares in the last quarter. GF Fund Management CO. LTD. acquired a new position in Equity Residential in the 4th quarter worth approximately $445,000. Finally, Toronto Dominion Bank boosted its stake in Equity Residential by 7.4% in the 4th quarter. Toronto Dominion Bank now owns 182,560 shares of the real estate investment trust's stock worth $13,101,000 after purchasing an additional 12,654 shares during the period. Institutional investors and hedge funds own 92.68% of the company's stock.

Equity Residential Stock Up 0.4%

EQR stock traded up $0.23 during trading hours on Monday, hitting $65.28. The company's stock had a trading volume of 1,937,101 shares, compared to its average volume of 1,970,349. The stock has a 50 day moving average price of $65.23 and a two-hundred day moving average price of $67.46. Equity Residential has a 12 month low of $59.41 and a 12 month high of $78.32. The company has a market capitalization of $24.93 billion, a PE ratio of 24.63, a price-to-earnings-growth ratio of 3.30 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 (NYSE:EQR - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $0.99 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 net margin of 33.22% and a return on equity of 9.05%. Equity Residential's quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $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 expect that Equity Residential will post 3.98 earnings per share 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 paid a dividend of $0.6925 per share. This represents a $2.77 annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Thursday, September 25th. Equity Residential's dividend payout ratio is 104.53%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on EQR. The Goldman Sachs Group reduced their target price on Equity Residential from $72.00 to $70.00 and set a "neutral" rating for the company in a report on Wednesday, September 17th. Wedbush reissued a "neutral" rating and set a $75.00 price target on shares of Equity Residential in a research report on Wednesday, May 28th. Wells Fargo & Company decreased their price objective on Equity Residential from $75.00 to $68.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 27th. Stifel Nicolaus set a $80.50 target price on Equity Residential and gave the company a "buy" rating in a report on Tuesday, August 5th. Finally, Evercore ISI raised their price target on shares of Equity Residential from $71.00 to $72.00 and gave the stock an "outperform" rating in a report on Monday, September 15th. Six equities research 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 presently has an average rating of "Hold" and a consensus price target of $75.25.

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.