Cookson Peirce & Co. Inc. Sells 113,730 Shares of Equity Residential $EQR

Key Points

• Cookson Peirce & Co. Inc. reduced its holdings in Equity Residential by 97.2%, selling 113,730 shares, now holding only 3,286 shares valued at $235,000.
• Institutional investors control 92.68% of Equity Residential, with TCW Group Inc. increasing its holdings by 40.4% in the first quarter.
• Equity Residential reported a quarterly earnings per share (EPS) of $0.99, meeting analysts' expectations, with a revenue increase of 4.7% year-over-year.

Cookson Peirce & Co. Inc. decreased its holdings in shares of Equity Residential (NYSE:EQR - Free Report) by 97.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,286 shares of the real estate investment trust's stock after selling 113,730 shares during the quarter. Cookson Peirce & Co. Inc.'s holdings in Equity Residential were worth $235,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of EQR. Versant Capital Management Inc boosted its holdings in shares of 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 buying an additional 157 shares during the period. GKV Capital Management Co. Inc. acquired a new stake in Equity Residential in the 1st quarter worth about $37,000. Zions Bancorporation National Association UT acquired a new stake in Equity Residential in the 1st quarter worth about $48,000. Kapitalo Investimentos Ltda acquired a new stake in Equity Residential in the 4th quarter worth about $51,000. Finally, MassMutual Private Wealth & Trust FSB raised its stake in 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 worth $53,000 after purchasing an additional 160 shares in the last quarter. Institutional investors own 92.68% of the company's stock.

Equity Residential Trading Down 0.2%

EQR traded down $0.1010 during trading on Thursday, reaching $64.3790. 233,250 shares of the company's stock were exchanged, compared to its average volume of 1,931,102. Equity Residential has a one year low of $59.41 and a one year high of $78.83. 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 stock has a market capitalization of $24.59 billion, a PE ratio of 24.32, a price-to-earnings-growth ratio of 3.27 and a beta of 0.92. The firm has a fifty day moving average price of $66.23 and a two-hundred day moving average price of $68.58.

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

Equity Residential Announces Dividend

The firm also recently disclosed 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. The ex-dividend date was Tuesday, June 24th. This represents a $2.77 annualized dividend and a yield of 4.3%. Equity Residential's dividend payout ratio is presently 104.53%.

Analyst Ratings Changes

Several equities analysts have recently commented on EQR shares. Wall Street Zen cut shares of Equity Residential from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. Evercore ISI dropped their target price on shares of Equity Residential from $72.00 to $71.00 and set an "outperform" rating for the company in a research report on Tuesday, August 12th. Stifel Nicolaus set a $80.50 target price on shares of Equity Residential and gave the company a "buy" rating in a research report on Tuesday, August 5th. Morgan Stanley dropped their target price on shares of Equity Residential from $76.50 to $75.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 13th. Finally, UBS Group dropped their target price on shares of Equity Residential from $84.00 to $76.00 and set a "buy" rating for the company in a research report on Tuesday, July 15th. Eight research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Equity Residential currently has a consensus rating of "Moderate Buy" and a consensus price target of $77.78.

Equity Residential 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.