Equity Residential $EQR Stock Holdings Trimmed by IFM Investors Pty Ltd

Key Points

• IFM Investors Pty Ltd reduced its stake in Equity Residential by 7.7% during Q2, holding 126,796 shares worth approximately $8.56 million as per its latest SEC filing.
• Equity Residential reported $0.99 earnings per share (EPS) for the last quarter, aligning with analyst estimates, alongside a 4.7% year-over-year revenue increase to $768.83 million.
• The company declared a quarterly dividend of $0.6925 per share, with an annualized yield of 4.3%, set to be paid on October 10th to investors of record by September 25th.

IFM Investors Pty Ltd lowered its holdings in Equity Residential (NYSE:EQR - Free Report) by 7.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 126,796 shares of the real estate investment trust's stock after selling 10,613 shares during the period. IFM Investors Pty Ltd's holdings in Equity Residential were worth $8,557,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in EQR. Nuveen LLC purchased a new stake in shares of Equity Residential in the first quarter valued at $165,442,000. Price T Rowe Associates Inc. MD grew its position in shares of Equity Residential by 5.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 20,711,588 shares of the real estate investment trust's stock valued at $1,482,537,000 after purchasing an additional 1,101,027 shares during the period. GAMMA Investing LLC grew its position in shares of Equity Residential by 7,177.2% in the first quarter. GAMMA Investing LLC now owns 506,930 shares of the real estate investment trust's stock valued at $36,286,000 after purchasing an additional 499,964 shares during the period. National Bank of Canada FI grew its position in shares of Equity Residential by 190.9% in the first quarter. National Bank of Canada FI now owns 674,373 shares of the real estate investment trust's stock valued at $48,272,000 after purchasing an additional 442,584 shares during the period. Finally, Eventide Asset Management LLC acquired a new position in Equity Residential in the first quarter valued at $27,944,000. Hedge funds and other institutional investors own 92.68% of the company's stock.

Equity Residential Stock Up 0.1%

Shares of NYSE:EQR traded up $0.08 during trading on Tuesday, hitting $65.37. The company's stock had a trading volume of 701,211 shares, compared to its average volume of 1,942,879. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.17 and a current ratio of 0.17. Equity Residential has a fifty-two week low of $59.41 and a fifty-two week high of $78.32. The stock's 50-day moving average price is $65.23 and its two-hundred day moving average price is $67.46. The company has a market capitalization of $24.96 billion, a PE ratio of 24.66, a PEG 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 earnings per share for the quarter, meeting the consensus estimate of $0.99. The firm had revenue of $768.83 million during the quarter, compared to analyst estimates of $770.60 million. Equity Residential had a return on equity of 9.05% and a net margin of 33.22%.Equity Residential's quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the company 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 expect that Equity Residential will post 3.98 EPS for the current year.

Equity Residential Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Thursday, September 25th will be issued a $0.6925 dividend. This represents a $2.77 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Thursday, September 25th. Equity Residential's payout ratio is currently 104.53%.

Wall Street Analysts Forecast Growth

EQR has been the topic of a number of research analyst reports. Wedbush reiterated a "neutral" rating and issued a $75.00 target price on shares of Equity Residential in a report on Wednesday, May 28th. The Goldman Sachs Group reduced their target price on Equity Residential from $72.00 to $70.00 and set a "neutral" rating on the stock in a report on Wednesday, September 17th. Wall Street Zen upgraded Equity Residential from a "sell" rating to a "hold" rating in a report on Friday, September 5th. Morgan Stanley reduced their target price on Equity Residential from $76.50 to $75.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 13th. Finally, Evercore ISI lifted their target price on Equity Residential from $71.00 to $72.00 and gave the company an "outperform" rating in a report on Monday, September 15th. Six equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, Equity Residential currently has an average rating of "Hold" and a consensus price target of $75.25.

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.