IFM Investors Pty Ltd Sells 11,357 Shares of Equity Residential $EQR

Key Points

• IFM Investors Pty Ltd sold 11,357 shares of Equity Residential, reducing its stake by 7.6% to a total of 137,409 shares, valued at approximately $9.84 million.
• Equity Residential received mixed ratings from analysts, with target prices ranging from $68.00 to $80.50, and a consensus rating of "Hold".
• The company recently declared a quarterly dividend of $0.6925, resulting in an annualized dividend of $2.77 and a yield of 4.2%.

IFM Investors Pty Ltd reduced its position in shares of Equity Residential (NYSE:EQR - Free Report) by 7.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 137,409 shares of the real estate investment trust's stock after selling 11,357 shares during the quarter. IFM Investors Pty Ltd's holdings in Equity Residential were worth $9,836,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EQR. Versant Capital Management Inc boosted its holdings in 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 worth $33,000 after buying an additional 157 shares during the last quarter. GKV Capital Management Co. Inc. bought a new position in Equity Residential during the first quarter worth about $37,000. Keystone Global Partners LLC bought a new position in Equity Residential during the first quarter worth about $47,000. Zions Bancorporation National Association UT bought a new position in Equity Residential during the first quarter worth about $48,000. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in Equity Residential by 27.6% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 740 shares of the real estate investment trust's stock worth $53,000 after buying an additional 160 shares during the last quarter. Institutional investors own 92.68% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on EQR shares. Wells Fargo & Company reduced their target price on Equity Residential from $75.00 to $68.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 27th. Stifel Nicolaus set a $80.50 target price on Equity Residential and gave the stock a "buy" rating in a report on Tuesday, August 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. Scotiabank lowered their price target on Equity Residential from $78.00 to $77.00 and set a "sector perform" rating for the company in a report on Thursday, August 14th. Finally, Wall Street Zen upgraded Equity Residential from a "sell" rating to a "hold" rating in a report on Friday, September 5th. Six analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $75.96.

Equity Residential Price Performance

NYSE EQR opened at $65.90 on Thursday. The business has a 50 day simple moving average of $65.43 and a 200 day simple moving average of $67.97. 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 quick ratio of 0.17 and a current ratio of 0.17. The stock has a market cap of $25.17 billion, a price-to-earnings ratio of 24.87, a PEG ratio of 3.38 and a beta of 0.93.

Equity Residential (NYSE:EQR - Get Free Report) last posted 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 analysts' expectations of $770.60 million. During the same period in the prior year, the business earned $0.97 EPS. Equity Residential's revenue for the quarter 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. Analysts anticipate that Equity Residential will post 3.98 earnings per share for the current fiscal year.

Equity Residential Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Tuesday, June 24th were issued a $0.6925 dividend. This represents a $2.77 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date was Tuesday, June 24th. Equity Residential's 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.