LVW Advisors LLC Purchases 5,220 Shares of Equity Residential $EQR

Key Points

• LVW Advisors LLC increased its stake in Equity Residential by 40.2%, acquiring an additional 5,220 shares, bringing its total holdings to 18,199 shares valued at $1,228,000.
• Equity Residential reported a $0.99 EPS for the recent quarter, matching estimates, and projected FY 2025 earnings guidance between 3.970-4.030 EPS.
• The company announced a quarterly dividend of $0.6925 per share, representing a 4.3% yield, with a dividend payout ratio of 104.53%.

LVW Advisors LLC boosted its position in shares of Equity Residential (NYSE:EQR - Free Report) by 40.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,199 shares of the real estate investment trust's stock after acquiring an additional 5,220 shares during the quarter. LVW Advisors LLC's holdings in Equity Residential were worth $1,228,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EQR. Versant Capital Management Inc increased its holdings in shares of Equity Residential by 51.6% in the first quarter. Versant Capital Management Inc now owns 461 shares of the real estate investment trust's stock valued at $33,000 after purchasing an additional 157 shares during the last quarter. GKV Capital Management Co. Inc. acquired a new position in shares of Equity Residential in the first quarter valued at $37,000. Keystone Global Partners LLC acquired a new position in shares of Equity Residential in the first quarter valued at $47,000. Zions Bancorporation National Association UT acquired a new position in shares of Equity Residential in the first quarter valued at $48,000. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in shares of Equity Residential by 27.6% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 740 shares of the real estate investment trust's stock valued at $53,000 after purchasing an additional 160 shares during the last quarter. 92.68% of the stock is owned by institutional investors.

Equity Residential Price Performance

NYSE:EQR opened at $64.55 on Friday. 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 52 week low of $59.41 and a 52 week high of $78.32. The firm has a market cap of $24.65 billion, a price-to-earnings ratio of 24.36, a P/E/G ratio of 3.23 and a beta of 0.93. The firm's 50-day simple moving average is $65.06 and its 200 day simple moving average is $67.35.

Equity Residential (NYSE:EQR - Get Free Report) last released its earnings results on Monday, August 4th. The real estate investment trust reported $0.99 EPS for the quarter, meeting the consensus estimate 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 period last year, the firm earned $0.97 EPS. The business's quarterly 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, sell-side analysts predict that Equity Residential will post 3.98 earnings per share for the current year.

Equity Residential Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Thursday, September 25th will be issued a $0.6925 dividend. This represents a $2.77 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Thursday, September 25th. Equity Residential's dividend payout ratio (DPR) is currently 104.53%.

Analyst Ratings Changes

Several equities analysts have commented on EQR shares. Morgan Stanley decreased their price objective on shares of Equity Residential from $76.50 to $75.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 13th. UBS Group decreased their price objective on shares of Equity Residential from $84.00 to $76.00 and set a "buy" rating on the stock in a report on Tuesday, July 15th. Barclays decreased their price target on shares of Equity Residential from $83.00 to $81.00 and set an "overweight" rating on the stock in a research note on Tuesday, August 12th. JPMorgan Chase & Co. lowered their price target on shares of Equity Residential from $76.00 to $75.00 in a research report on Tuesday, September 16th. Finally, Wall Street Zen lowered shares of Equity Residential from a "hold" rating to a "sell" rating in a research report on Friday. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $74.73.

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.

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