Equity Residential $EQR Shares Acquired by Nomura Holdings Inc.

Key Points

• Nomura Holdings Inc. increased its holdings in Equity Residential by 67.3% during the first quarter, now owning 85,127 shares valued at approximately $6.1 million.
• Equity Residential's recent earnings showed 0.99 EPS, meeting analyst expectations, with a quarterly revenue increase of 4.7% year-over-year.
• The company declared a dividend of $0.6925 per share, representing a yield of 4.2%, despite having a payout ratio above 100%.

Nomura Holdings Inc. boosted its position in Equity Residential (NYSE:EQR - Free Report) by 67.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,127 shares of the real estate investment trust's stock after purchasing an additional 34,243 shares during the period. Nomura Holdings Inc.'s holdings in Equity Residential were worth $6,093,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Versant Capital Management Inc raised its stake in shares of Equity Residential by 51.6% during the 1st quarter. Versant Capital Management Inc now owns 461 shares of the real estate investment trust's stock worth $33,000 after buying an additional 157 shares during the last quarter. GKV Capital Management Co. Inc. purchased a new position in shares of Equity Residential during the 1st quarter worth approximately $37,000. Keystone Global Partners LLC acquired a new position in shares of Equity Residential during the 1st quarter worth approximately $47,000. Zions Bancorporation National Association UT purchased a new stake in Equity Residential in the 1st quarter valued at approximately $48,000. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in Equity Residential by 27.6% during 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 during the last quarter. 92.68% of the stock is currently owned by hedge funds and other institutional investors.

Equity Residential Trading Up 1.4%

Equity Residential stock traded up $0.91 during trading on Thursday, reaching $65.58. The company had a trading volume of 1,391,157 shares, compared to its average volume of 1,894,288. Equity Residential has a 12-month low of $59.41 and a 12-month high of $78.83. 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 price is $65.49 and its two-hundred day moving average price is $68.11. The firm has a market capitalization of $25.05 billion, a price-to-earnings ratio of 24.75, a PEG ratio of 3.28 and a beta of 0.93.

Equity Residential (NYSE:EQR - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The real estate investment trust reported $0.99 earnings per share for the quarter, meeting analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $770.60 million. During the same quarter last year, the business earned $0.97 EPS. Equity Residential's revenue for the quarter 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, equities analysts expect that Equity Residential will post 3.98 earnings per share for the current fiscal year.

Equity Residential Dividend Announcement

The company also recently disclosed 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 of this dividend was Tuesday, June 24th. Equity Residential's payout ratio is currently 104.53%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on EQR shares. Morgan Stanley reduced their price objective on Equity Residential from $76.50 to $75.00 and set an "equal weight" rating on the stock in a research report on Wednesday, August 13th. Mizuho reduced their target price on shares of Equity Residential from $76.00 to $71.00 and set a "neutral" rating on the stock in a report on Friday, May 23rd. Wall Street Zen downgraded shares of Equity Residential from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Wells Fargo & Company reduced their price objective on shares of Equity Residential from $75.00 to $68.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 27th. Finally, Wedbush restated a "neutral" rating and set a $75.00 target price on shares of Equity Residential in a research report on Wednesday, May 28th. Eight equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, Equity Residential has a consensus rating of "Moderate Buy" and an average target price of $76.90.

Equity Residential 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.