MBB Public Markets I LLC Takes Position in Equity Residential $EQR

Key Points

• MBB Public Markets I LLC purchased 4,410 shares of Equity Residential (EQR), valued at approximately $316,000, marking a new stake for the firm.
• Multiple institutional investors, including Versant Capital Management and MassMutual Private Wealth, increased their holdings in EQR significantly in Q1, highlighting strong investor interest in the real estate investment trust.
• Equity Residential reported an EPS of $0.99 for the last quarter, meeting analyst expectations, and announced a quarterly dividend of $0.6925, representing an annualized yield of 4.2%.

MBB Public Markets I LLC bought a new stake in shares of Equity Residential (NYSE:EQR - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,410 shares of the real estate investment trust's stock, valued at approximately $316,000.

Several other large investors have also modified their holdings of the business. Versant Capital Management Inc boosted its position in shares of 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 valued at $33,000 after buying an additional 157 shares during the period. MassMutual Private Wealth & Trust FSB boosted 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 period. Greenleaf Trust boosted its holdings in shares of Equity Residential by 4.4% in the first quarter. Greenleaf Trust now owns 3,858 shares of the real estate investment trust's stock valued at $276,000 after purchasing an additional 162 shares during the period. Brown Advisory Inc. boosted its holdings in shares of Equity Residential by 1.6% in the first quarter. Brown Advisory Inc. now owns 10,733 shares of the real estate investment trust's stock valued at $768,000 after purchasing an additional 166 shares during the period. Finally, Avior Wealth Management LLC boosted its holdings in shares of Equity Residential by 2.9% in the first quarter. Avior Wealth Management LLC now owns 6,283 shares of the real estate investment trust's stock valued at $450,000 after purchasing an additional 177 shares during the period. Hedge funds and other institutional investors own 92.68% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on EQR. Evercore ISI boosted their price target on Equity Residential from $71.00 to $72.00 and gave the company an "outperform" rating in a report on Monday. Wedbush reiterated a "neutral" rating and issued a $75.00 price target on shares of Equity Residential in a report on Wednesday, May 28th. 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. UBS Group reduced their price objective on shares of Equity Residential from $84.00 to $76.00 and set a "buy" rating for the company in a research note on Tuesday, July 15th. Finally, Mizuho reduced their price objective on shares of Equity Residential from $76.00 to $71.00 and set a "neutral" rating for the company in a research note on Friday, May 23rd. Six research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $76.04.

Equity Residential Stock Down 0.9%

Shares of EQR stock traded down $0.59 during trading hours on Monday, reaching $65.85. 819,193 shares of the company's stock were exchanged, compared to its average volume of 1,920,430. The stock's 50 day moving average is $65.45 and its 200-day moving average is $67.81. The company has a market cap of $25.15 billion, a price-to-earnings ratio of 24.85, a P/E/G ratio of 3.37 and a beta of 0.93. 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.

Equity Residential (NYSE:EQR - Get Free Report) last issued its quarterly 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. The business had revenue of $768.83 million for the quarter, compared to the consensus estimate of $770.60 million. Equity Residential had a return on equity of 9.05% and a net margin of 33.22%.The business's quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the firm posted $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. Analysts predict that Equity Residential will post 3.98 earnings per share for the current fiscal year.

Equity Residential Announces Dividend

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