Exchange Traded Concepts LLC grew its holdings in shares of Equity Residential (NYSE:EQR - Free Report) by 75.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 48,037 shares of the real estate investment trust's stock after buying an additional 20,591 shares during the period. Exchange Traded Concepts LLC's holdings in Equity Residential were worth $3,242,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also made changes to their positions in the company. TCW Group Inc. boosted its holdings in Equity Residential by 40.4% in the first quarter. TCW Group Inc. now owns 83,417 shares of the real estate investment trust's stock valued at $5,971,000 after purchasing an additional 23,997 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of Equity Residential by 6.3% during the 1st quarter. Sequoia Financial Advisors LLC now owns 3,246 shares of the real estate investment trust's stock worth $232,000 after buying an additional 191 shares during the last quarter. U.S. Capital Wealth Advisors LLC boosted its holdings in shares of Equity Residential by 39.1% in the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 86,203 shares of the real estate investment trust's stock valued at $6,170,000 after buying an additional 24,232 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Equity Residential by 11.0% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 845,820 shares of the real estate investment trust's stock valued at $60,544,000 after buying an additional 83,788 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its position in shares of Equity Residential by 9.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 54,271 shares of the real estate investment trust's stock valued at $3,885,000 after buying an additional 4,499 shares during the last quarter. Hedge funds and other institutional investors own 92.68% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on EQR. The Goldman Sachs Group reduced their price target on shares of Equity Residential from $72.00 to $70.00 and set a "neutral" rating for the company in a research report on Wednesday, September 17th. Barclays decreased their target price on Equity Residential from $83.00 to $81.00 and set an "overweight" rating for the company in a research report on Tuesday, August 12th. Wedbush reaffirmed a "neutral" rating and set a $75.00 price target on shares of Equity Residential in a research report on Wednesday, May 28th. UBS Group lowered their target price on shares of 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 raised shares of Equity Residential from a "sell" rating to a "hold" rating in a report on Friday, September 5th. Six investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $75.25.
Read Our Latest Research Report on EQR
Equity Residential Stock Performance
Shares of NYSE:EQR traded up $0.23 during midday trading on Monday, hitting $65.28. The stock had a trading volume of 1,937,101 shares, compared to its average volume of 1,949,960. Equity Residential has a 1 year low of $59.41 and a 1 year high of $78.32. 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 50 day moving average price of $65.27 and a two-hundred day moving average price of $67.51. The company has a market capitalization of $24.93 billion, a PE ratio of 24.63, a P/E/G ratio of 3.30 and a beta of 0.93.
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 EPS for the quarter, meeting analysts' consensus estimates of $0.99. Equity Residential had a net margin of 33.22% and a return on equity of 9.05%. The firm had revenue of $768.83 million during the quarter, compared to the consensus estimate of $770.60 million. During the same quarter last year, the firm earned $0.97 earnings per share. The firm's revenue was up 4.7% compared to the same quarter last year. 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 analysts predict that Equity Residential will post 3.98 earnings per share for the current fiscal year.
Equity Residential Dividend Announcement
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 given a dividend of $0.6925 per share. This represents a $2.77 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date is Thursday, September 25th. Equity Residential's dividend payout ratio (DPR) is presently 104.53%.
About Equity Residential
(
Free Report)
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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