NFJ Investment Group LLC Sells 9,278 Shares of Equity Residential $EQR

Key Points

• NJF Investment Group LLC has reduced its holdings in Equity Residential (EQR) by 9.7%, now owning 86,754 shares worth approximately $6.21 million.
• Various institutional investors, including Nuveen LLC and GAMMA Investing LLC, have significantly increased their stakes in EQR during the first quarter.
• Equity Residential reported a $0.99 EPS for the most recent quarter, matching the consensus estimate, with a year-over-year revenue increase of 4.7%.

NFJ Investment Group LLC lessened its position in Equity Residential (NYSE:EQR - Free Report) by 9.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 86,754 shares of the real estate investment trust's stock after selling 9,278 shares during the period. NFJ Investment Group LLC's holdings in Equity Residential were worth $6,210,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Ameriprise Financial Inc. grew its position in shares of Equity Residential by 5.5% in the 4th quarter. Ameriprise Financial Inc. now owns 477,452 shares of the real estate investment trust's stock valued at $34,262,000 after buying an additional 24,857 shares during the last quarter. Benjamin Edwards Inc. grew its position in shares of Equity Residential by 10.1% in the 4th quarter. Benjamin Edwards Inc. now owns 13,649 shares of the real estate investment trust's stock valued at $980,000 after buying an additional 1,253 shares during the last quarter. Baird Financial Group Inc. grew its position in shares of Equity Residential by 0.9% in the 4th quarter. Baird Financial Group Inc. now owns 31,462 shares of the real estate investment trust's stock valued at $2,258,000 after buying an additional 284 shares during the last quarter. Cetera Investment Advisers grew its position in shares of Equity Residential by 3.7% in the 4th quarter. Cetera Investment Advisers now owns 46,010 shares of the real estate investment trust's stock valued at $3,302,000 after buying an additional 1,647 shares during the last quarter. Finally, Deutsche Bank AG grew its position in shares of Equity Residential by 27.7% in the 4th quarter. Deutsche Bank AG now owns 1,275,494 shares of the real estate investment trust's stock valued at $91,529,000 after buying an additional 276,645 shares during the last quarter. Institutional investors and hedge funds own 92.68% of the company's stock.

Equity Residential Stock Performance

Shares of EQR stock traded up $0.68 on Thursday, hitting $66.54. The company's stock had a trading volume of 420,475 shares, compared to its average volume of 1,924,568. 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's 50 day moving average is $65.43 and its 200-day moving average is $67.97. Equity Residential has a fifty-two week low of $59.41 and a fifty-two week high of $78.83. The company has a market capitalization of $25.41 billion, a PE ratio of 25.11, a PEG ratio of 3.38 and a beta of 0.93.

Equity Residential (NYSE:EQR - Get Free Report) last released its quarterly 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 business had revenue of $768.83 million for the quarter, compared to the consensus estimate of $770.60 million. During the same period in the prior year, the company posted $0.97 earnings per share. Equity Residential'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. Equities research analysts expect that Equity Residential will post 3.98 earnings per share for the current fiscal year.

Equity Residential Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 11th. Investors of record on Tuesday, June 24th were given a dividend of $0.6925 per share. The ex-dividend date of this dividend was Tuesday, June 24th. This represents a $2.77 annualized dividend and a yield of 4.2%. Equity Residential's dividend payout ratio is currently 104.53%.

Wall Street Analysts Forecast Growth

EQR has been the topic of a number of analyst reports. Wells Fargo & Company reduced their price target on Equity Residential from $75.00 to $68.00 and set an "equal weight" rating on the stock in a research report on Wednesday, August 27th. Mizuho reduced their price target 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. UBS Group reduced their price target 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. Truist Financial reduced their price target on Equity Residential from $78.00 to $75.00 and set a "buy" rating on the stock in a research report on Friday, August 29th. Finally, Evercore ISI cut their target price on Equity Residential from $72.00 to $71.00 and set an "outperform" rating on the stock in a research report on Tuesday, August 12th. Six analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Equity Residential presently has an average rating of "Hold" and a consensus target price of $75.96.

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.