Equity Residential $EQR Holdings Reduced by Gulf International Bank UK Ltd

Key Points

• Gulf International Bank UK Ltd reduced its holdings in Equity Residential by 31.5%, owning 19,251 shares worth approximately $1.38 million after selling 8,868 shares in the first quarter.
• Analysts have given Equity Residential various ratings, with one lowering their rating to "sell," while the stock has an average price target of $77.78, indicating mixed investor sentiment.
• Equity Residential reported a quarterly earnings per share of $0.99 that met analyst expectations, with revenue increasing by 4.7% year-over-year to $768.83 million.

Gulf International Bank UK Ltd reduced its position in shares of Equity Residential (NYSE:EQR - Free Report) by 31.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,251 shares of the real estate investment trust's stock after selling 8,868 shares during the period. Gulf International Bank UK Ltd's holdings in Equity Residential were worth $1,377,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in EQR. Versant Capital Management Inc grew its stake 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 valued at $33,000 after buying an additional 157 shares during the period. MassMutual Private Wealth & Trust FSB grew its stake in shares of Equity Residential by 27.6% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 740 shares of the real estate investment trust's stock valued at $53,000 after buying an additional 160 shares during the period. Greenleaf Trust grew its stake in shares of Equity Residential by 4.4% during the 1st quarter. Greenleaf Trust now owns 3,858 shares of the real estate investment trust's stock valued at $276,000 after buying an additional 162 shares during the period. Brown Advisory Inc. grew its stake in shares of Equity Residential by 1.6% during the 1st quarter. Brown Advisory Inc. now owns 10,733 shares of the real estate investment trust's stock valued at $768,000 after buying an additional 166 shares during the period. Finally, Avior Wealth Management LLC grew its stake in shares of Equity Residential by 2.9% during the 1st quarter. Avior Wealth Management LLC now owns 6,283 shares of the real estate investment trust's stock valued at $450,000 after buying an additional 177 shares during the period. 92.68% of the stock is owned by hedge funds and other institutional investors.

Equity Residential Stock Down 0.1%

EQR stock traded down $0.0940 during trading on Wednesday, reaching $64.3460. The stock had a trading volume of 835,683 shares, compared to its average volume of 1,935,451. Equity Residential has a 1-year low of $59.41 and a 1-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 company has a market capitalization of $24.57 billion, a P/E ratio of 24.27, a PEG ratio of 3.21 and a beta of 0.92. The firm has a fifty day moving average price of $66.33 and a 200 day moving average price of $68.60.

Equity Residential (NYSE:EQR - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $0.99 EPS for the quarter, hitting 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 for the quarter, compared to analyst estimates of $770.60 million. During the same quarter in the previous year, the business posted $0.97 EPS. 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. On average, equities analysts anticipate that Equity Residential will post 3.98 earnings per share for the current year.

Equity Residential Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Tuesday, June 24th were paid a $0.6925 dividend. 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 is 104.53%.

Analyst Ratings Changes

Several brokerages have recently issued reports on EQR. Morgan Stanley lowered their price objective on shares of Equity Residential from $76.50 to $75.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 13th. Barclays decreased their price target on shares of Equity Residential from $83.00 to $81.00 and set an "overweight" rating for the company in a research report on Tuesday, August 12th. Evercore ISI decreased their price target 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. 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. Finally, Wall Street Zen cut shares of Equity Residential from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. Eight investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $77.78.

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.