FORA Capital LLC Buys New Position in Equity Residential $EQR

Key Points

• FORA Capital LLC has made a new investment in Equity Residential, acquiring 7,226 shares valued at approximately $517,000.
• Equity Residential reported $0.99 earnings per share for the quarter, meeting analyst expectations, and had a revenue of $768.83 million.
• The company announced a quarterly dividend of $0.6925 per share, representing an annualized yield of 4.2%, despite a payout ratio exceeding 100%.

FORA Capital LLC purchased a new stake in shares of Equity Residential (NYSE:EQR - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,226 shares of the real estate investment trust's stock, valued at approximately $517,000.

A number of other large investors also recently modified their holdings of EQR. Kapitalo Investimentos Ltda acquired a new position in shares of Equity Residential during the fourth quarter valued at $51,000. Parvin Asset Management LLC acquired a new stake in shares of Equity Residential in the fourth quarter valued at $57,000. Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of Equity Residential by 194.4% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 196,274 shares of the real estate investment trust's stock valued at $14,085,000 after buying an additional 129,598 shares during the period. Mercer Global Advisors Inc. ADV lifted its holdings in shares of Equity Residential by 80.0% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 163,143 shares of the real estate investment trust's stock valued at $11,707,000 after buying an additional 72,513 shares during the period. Finally, DoubleLine ETF Adviser LP lifted its holdings in shares of Equity Residential by 1.0% in the fourth quarter. DoubleLine ETF Adviser LP now owns 24,542 shares of the real estate investment trust's stock valued at $1,761,000 after buying an additional 234 shares during the period. 92.68% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Stifel Nicolaus set a $80.50 price objective on Equity Residential and gave the company a "buy" rating in a report on Tuesday, August 5th. Morgan Stanley cut their price objective on Equity Residential from $76.50 to $75.00 and set an "equal weight" rating for the company in a report on Wednesday, August 13th. Mizuho reduced their target price on Equity Residential from $76.00 to $71.00 and set a "neutral" rating for the company in a report on Friday, May 23rd. Scotiabank lowered their price target on shares of Equity Residential from $78.00 to $77.00 and set a "sector perform" rating on the stock in a report on Thursday, August 14th. Finally, Wells Fargo & Company lowered their price target on shares of Equity Residential from $75.00 to $68.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 27th. Eight 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 has an average rating of "Moderate Buy" and a consensus target price of $77.16.

Equity Residential Stock Performance

Shares of NYSE:EQR traded down $2.33 on Tuesday, reaching $63.79. The company's stock had a trading volume of 834,195 shares, compared to its average volume of 1,936,878. The stock's 50-day moving average is $65.62 and its two-hundred day moving average is $68.20. Equity Residential has a 52-week low of $59.41 and a 52-week high of $78.83. 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 stock has a market capitalization of $24.36 billion, a P/E ratio of 24.07, a PEG ratio of 3.36 and a beta of 0.93.

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 for the quarter, meeting the consensus estimate of $0.99. The business 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 business's quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $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. As a group, sell-side analysts forecast that Equity Residential will post 3.98 EPS for the current year.

Equity Residential Dividend Announcement

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