Jump Financial LLC Purchases Shares of 5,763 Equity Residential $EQR

Key Points

• Jump Financial LLC has made a new investment of approximately $413,000 in Equity Residential by acquiring 5,763 shares during the first quarter, as disclosed in its recent SEC filing.
• Equity Residential reported $0.99 EPS for the last quarter, matching analysts' expectations, while its revenue was $768.83 million, slightly below estimates.
• The company announced a quarterly dividend of $0.6925 per share, with a current annualized yield of 4.2%, although its payout ratio stands at 104.53%.

Jump Financial LLC bought a new position in shares of Equity Residential (NYSE:EQR - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 5,763 shares of the real estate investment trust's stock, valued at approximately $413,000.

Other hedge funds have also recently bought and sold shares of the company. TCW Group Inc. raised its holdings in Equity Residential by 40.4% during the 1st quarter. TCW Group Inc. now owns 83,417 shares of the real estate investment trust's stock worth $5,971,000 after buying an additional 23,997 shares during the period. Sequoia Financial Advisors LLC boosted its position in Equity Residential by 6.3% during the 1st quarter. Sequoia Financial Advisors LLC now owns 3,246 shares of the real estate investment trust's stock worth $232,000 after acquiring an additional 191 shares during the last quarter. U.S. Capital Wealth Advisors LLC boosted its position in Equity Residential by 39.1% during the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 86,203 shares of the real estate investment trust's stock worth $6,170,000 after acquiring an additional 24,232 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Equity Residential by 11.0% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 845,820 shares of the real estate investment trust's stock worth $60,544,000 after purchasing an additional 83,788 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of Equity Residential by 9.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 54,271 shares of the real estate investment trust's stock worth $3,885,000 after purchasing an additional 4,499 shares during the last quarter. 92.68% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EQR has been the subject of a number of recent analyst reports. 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 research report on Wednesday, August 13th. Mizuho decreased their target price 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. Wedbush reaffirmed a "neutral" rating and issued a $75.00 target price on shares of Equity Residential in a research report on Wednesday, May 28th. UBS Group decreased their target price on Equity Residential from $84.00 to $76.00 and set a "buy" rating on the stock in a research report on Tuesday, July 15th. Finally, Barclays decreased their target price on Equity Residential from $83.00 to $81.00 and set an "overweight" rating on the stock in a research report on Tuesday, August 12th. Eight analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $76.90.

Equity Residential Trading Up 1.4%

NYSE:EQR traded up $0.91 during mid-day trading on Thursday, hitting $65.58. 1,391,157 shares of the company's stock were exchanged, compared to its average volume of 1,936,226. The company has a 50 day simple moving average of $65.53 and a 200-day simple moving average of $68.14. 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 has a fifty-two week low of $59.41 and a fifty-two week high of $78.83. The firm has a market capitalization of $25.05 billion, a P/E ratio of 24.75, a PEG ratio of 3.36 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 EPS for the quarter, hitting the consensus estimate of $0.99. Equity Residential had a net margin of 33.22% and a return on equity of 9.05%. The business had revenue of $768.83 million for the quarter, compared to the consensus estimate of $770.60 million. During the same period last year, the company earned $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. As a group, research analysts expect that Equity Residential will post 3.98 earnings per share for the current year.

Equity Residential Dividend Announcement

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