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 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. The institutional investor 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 stock. Versant Capital Management Inc boosted its holdings in shares of Equity Residential by 51.6% in the 1st 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 in the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Equity Residential by 27.6% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 740 shares of the real estate investment trust's stock valued at $53,000 after buying an additional 160 shares in the last quarter. Greenleaf Trust boosted its holdings in shares of Equity Residential by 4.4% in the 1st quarter. Greenleaf Trust now owns 3,858 shares of the real estate investment trust's stock valued at $276,000 after buying an additional 162 shares in the last quarter. Brown Advisory Inc. boosted its holdings in shares of Equity Residential by 1.6% in the 1st quarter. Brown Advisory Inc. now owns 10,733 shares of the real estate investment trust's stock valued at $768,000 after buying an additional 166 shares in the last quarter. Finally, Avior Wealth Management LLC boosted its holdings in shares of Equity Residential by 2.9% in the 1st quarter. Avior Wealth Management LLC now owns 6,283 shares of the real estate investment trust's stock valued at $450,000 after buying an additional 177 shares in the last quarter. Institutional investors and hedge funds own 92.68% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on EQR. Evercore ISI lowered their target price on shares of Equity Residential from $72.00 to $71.00 and set an "outperform" rating for the company in a report on Tuesday, August 12th. Stifel Nicolaus set a $80.50 price target on shares of Equity Residential and gave the stock a "buy" rating in a research note on Tuesday, August 5th. UBS Group decreased their price target 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. Mizuho decreased their price target 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. Finally, Wedbush reiterated a "neutral" rating and set a $75.00 price target on shares of Equity Residential in a research note on Wednesday, May 28th. Seven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $76.46.

Equity Residential Stock Up 0.4%

EQR stock opened at $66.63 on Wednesday. Equity Residential has a one year low of $59.41 and a one year high of $78.83. The stock has a market capitalization of $25.44 billion, a PE ratio of 25.14, a price-to-earnings-growth ratio of 3.37 and a beta of 0.93. 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 company has a fifty day moving average of $65.45 and a 200-day moving average of $67.98.

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, 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 company had revenue of $768.83 million during the quarter, compared to analysts' expectations of $770.60 million. During the same quarter last year, the business earned $0.97 EPS. The business's revenue was up 4.7% on a year-over-year basis. 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, analysts expect that Equity Residential will post 3.98 EPS for the current year.

Equity Residential Announces Dividend

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

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