Landscape Capital Management L.L.C. Decreases Stock Position in Equity Residential $EQR

Key Points

• Landscape Capital Management has reduced its stake in Equity Residential by 47.5%, holding 14,687 shares valued at approximately $1,051,000 after selling 13,263 shares.
• Several hedge funds increased their positions in Equity Residential, with Caisse DE Depot ET Placement DU Quebec boosting its shareholding by 194.4%, now owning 196,274 shares valued at $14,085,000.
• Equity Residential reported quarterly earnings of $0.99 per share, meeting expectations, with revenue of $768.83 million, up 4.7% year-over-year.

Landscape Capital Management L.L.C. reduced its holdings in Equity Residential (NYSE:EQR - Free Report) by 47.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,687 shares of the real estate investment trust's stock after selling 13,263 shares during the period. Landscape Capital Management L.L.C.'s holdings in Equity Residential were worth $1,051,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Versant Capital Management Inc grew its stake in Equity Residential by 51.6% in the 1st quarter. Versant Capital Management Inc now owns 461 shares of the real estate investment trust's stock valued at $33,000 after acquiring an additional 157 shares during the period. GKV Capital Management Co. Inc. purchased a new position in Equity Residential during the first quarter valued at $37,000. Keystone Global Partners LLC purchased a new position in Equity Residential during the first quarter valued at $47,000. Zions Bancorporation National Association UT acquired a new stake in shares of Equity Residential in the first quarter valued at about $48,000. Finally, MassMutual Private Wealth & Trust FSB increased its stake in shares of Equity Residential by 27.6% during the first 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 owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on EQR shares. Wedbush reiterated a "neutral" rating and issued a $75.00 price objective on shares of Equity Residential in a report on Wednesday, May 28th. Mizuho reduced their price target on shares of Equity Residential from $76.00 to $71.00 and set a "neutral" rating on the stock in a research report on Friday, May 23rd. Wall Street Zen cut shares of Equity Residential from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. Wells Fargo & Company decreased their target price on Equity Residential from $75.00 to $68.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 27th. Finally, Stifel Nicolaus set a $80.50 price objective on Equity Residential and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Eight investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat.com, Equity Residential presently has an average rating of "Moderate Buy" and a consensus price target of $77.16.

Equity Residential Stock Performance

Shares of EQR stock traded up $0.62 during trading hours on Wednesday, reaching $64.63. 712,733 shares of the company's stock were exchanged, compared to its average volume of 1,935,173. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.17 and a quick ratio of 0.17. The company's 50 day moving average is $65.55 and its two-hundred day moving average is $68.17. The company has a market cap of $24.68 billion, a P/E ratio of 24.39, a price-to-earnings-growth ratio of 3.36 and a beta of 0.93. Equity Residential has a 1 year low of $59.41 and a 1 year high of $78.83.

Equity Residential (NYSE:EQR - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $0.99 earnings per share for the quarter, hitting analysts' consensus estimates of $0.99. The firm had revenue of $768.83 million for the quarter, compared to analyst estimates of $770.60 million. Equity Residential had a return on equity of 9.05% and a net margin of 33.22%.Equity Residential's quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the company 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. Equities research analysts anticipate that Equity Residential will post 3.98 EPS for the current fiscal year.

Equity Residential Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Tuesday, June 24th were given 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 (DPR) 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.