Federation des caisses Desjardins du Quebec Boosts Stake in Equity Residential $EQR

Federation des caisses Desjardins du Quebec raised its holdings in Equity Residential (NYSE:EQR - Free Report) by 150.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,093 shares of the real estate investment trust's stock after purchasing an additional 13,266 shares during the quarter. Federation des caisses Desjardins du Quebec's holdings in Equity Residential were worth $1,581,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of EQR. Versant Capital Management Inc increased its position in shares of Equity Residential by 51.6% during the first 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 last quarter. GKV Capital Management Co. Inc. purchased a new position in Equity Residential in the first quarter worth approximately $37,000. Keystone Global Partners LLC acquired a new position in shares of Equity Residential during the first quarter worth $47,000. Zions Bancorporation National Association UT purchased a new position in shares of Equity Residential in the 1st quarter valued at about $48,000. Finally, MassMutual Private Wealth & Trust FSB increased its stake in Equity Residential by 27.6% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 740 shares of the real estate investment trust's stock valued at $53,000 after purchasing an additional 160 shares during the last quarter. 92.68% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on EQR. Morgan Stanley reduced their price target 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. Truist Financial decreased their target price on Equity Residential from $78.00 to $75.00 and set a "buy" rating for the company in a research report on Friday, August 29th. Scotiabank dropped their price target on Equity Residential from $78.00 to $77.00 and set a "sector perform" rating on the stock in a research note on Thursday, August 14th. Mizuho cut their price target on Equity Residential from $76.00 to $71.00 and set a "neutral" rating on the stock in a research report on Friday, May 23rd. Finally, 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 report on Wednesday, August 27th. Six research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, Equity Residential currently has an average rating of "Hold" and a consensus target price of $75.96.

Equity Residential Stock Performance

Shares of NYSE:EQR traded down $0.40 during midday trading on Friday, hitting $66.49. The stock had a trading volume of 1,264,431 shares, compared to its average volume of 1,866,282. Equity Residential has a 1 year low of $59.41 and a 1 year high of $78.83. The stock has a 50 day moving average price of $65.45 and a two-hundred day moving average price of $67.89. The company has a market capitalization of $25.39 billion, a PE ratio of 25.09, a P/E/G ratio of 3.40 and a beta of 0.93. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.75.

Equity Residential (NYSE:EQR - Get Free Report) last issued its 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. 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 during the quarter, compared to the consensus estimate of $770.60 million. During the same period in the prior year, the business posted $0.97 EPS. The company's revenue for the quarter 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, 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 paid a dividend of $0.6925 per share. The ex-dividend date of this dividend is Thursday, September 25th. This represents a $2.77 dividend on an annualized basis and a dividend yield of 4.2%. Equity Residential's dividend payout ratio is 104.53%.

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.