Equity Residential $EQR Shares Sold by APG Asset Management US Inc.

Key Points

• APG Asset Management US Inc. reduced its stake in Equity Residential (NYSE:EQR) by 1.2% in the first quarter, now holding approximately 11.5 million shares valued at around $821 million.
• Recent analyst reports show mixed ratings for Equity Residential, with price targets ranging from $71.00 to $84.00, indicating a consensus rating of "Moderate Buy" and a price target of $77.78.
• Equity Residential recently declared a quarterly dividend of $0.6925 per share, resulting in an annualized yield of 4.3%; however, its dividend payout ratio stands at 104.53%.

APG Asset Management US Inc. decreased its holdings in shares of Equity Residential (NYSE:EQR - Free Report) by 1.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,521,737 shares of the real estate investment trust's stock after selling 142,839 shares during the quarter. Equity Residential accounts for approximately 6.3% of APG Asset Management US Inc.'s investment portfolio, making the stock its 4th largest position. APG Asset Management US Inc. owned 3.03% of Equity Residential worth $821,269,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Versant Capital Management Inc increased its stake in shares of Equity Residential by 51.6% in the first quarter. Versant Capital Management Inc now owns 461 shares of the real estate investment trust's stock valued at $33,000 after buying an additional 157 shares during the period. GKV Capital Management Co. Inc. acquired a new position in shares of Equity Residential in the first quarter valued at approximately $37,000. Keystone Global Partners LLC acquired a new position in shares of Equity Residential in the first quarter valued at approximately $47,000. Zions Bancorporation National Association UT acquired a new position in shares of Equity Residential in the first quarter valued at approximately $48,000. Finally, Kapitalo Investimentos Ltda acquired a new position in shares of Equity Residential in the fourth quarter valued at approximately $51,000. Institutional investors and hedge funds own 92.68% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Scotiabank lowered their price objective on Equity Residential from $78.00 to $77.00 and set a "sector perform" rating for the company in a research note on Thursday, August 14th. UBS Group lowered their price objective on Equity Residential from $84.00 to $76.00 and set a "buy" rating for the company in a research note on Tuesday, July 15th. Mizuho lowered their price objective on Equity Residential from $76.00 to $71.00 and set a "neutral" rating for the company in a research note on Friday, May 23rd. Stifel Nicolaus set a $80.50 price objective on Equity Residential and gave the company a "buy" rating in a research note on Tuesday, August 5th. Finally, Wedbush reiterated a "neutral" rating and issued a $75.00 target price on shares of Equity Residential in a report on Wednesday, May 28th. Eight research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat, Equity Residential presently has a consensus rating of "Moderate Buy" and a consensus price target of $77.78.

Equity Residential Stock Performance

Shares of EQR stock opened at $64.1950 on Friday. The business's 50 day simple moving average is $66.11 and its 200 day simple moving average is $68.53. Equity Residential has a one year low of $59.41 and a one year high of $78.83. The stock has a market capitalization of $24.52 billion, a PE ratio of 24.22, a PEG ratio of 3.27 and a beta of 0.92. 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 (NYSE:EQR - Get Free Report) last announced its earnings results on Monday, August 4th. The real estate investment trust reported $0.99 EPS for the quarter, meeting the consensus estimate of $0.99. Equity Residential had a return on equity of 9.05% and a net margin of 33.22%.The business had revenue of $768.83 million for the quarter, compared to analysts' expectations of $770.60 million. During the same period in the prior year, the business posted $0.97 earnings per share. The firm's revenue 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. As a group, research analysts forecast that Equity Residential will post 3.98 earnings per share for the current year.

Equity Residential Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Tuesday, June 24th were issued a dividend of $0.6925 per share. This represents a $2.77 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date was Tuesday, June 24th. Equity Residential's dividend 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.

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