Pensionfund DSM Netherlands Sells 5,000 Shares of Equity Residential $EQR

Key Points

• Pensionfund DSM Netherlands reduced its stake in Equity Residential by 9.2% in Q1, holding 49,556 shares valued at approximately $3.55 million, making it the 12th largest investment in its portfolio.
• Institutional investors and hedge funds collectively own 92.68% of Equity Residential's stock, with notable increases from several firms including Strs Ohio, which acquired a new stake valued at $17.7 million.
• Equity Residential announced a quarterly dividend of $0.6925 per share, reflecting an annualized yield of 4.2%, though its payout ratio stands at 104.53%.

Pensionfund DSM Netherlands cut its position in shares of Equity Residential (NYSE:EQR - Free Report) by 9.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 49,556 shares of the real estate investment trust's stock after selling 5,000 shares during the period. Equity Residential makes up about 2.3% of Pensionfund DSM Netherlands' portfolio, making the stock its 12th biggest holding. Pensionfund DSM Netherlands' holdings in Equity Residential were worth $3,547,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. AG2R LA Mondiale Gestion D Actifs bought a new stake in Equity Residential in the first quarter worth $1,285,000. Nicola Wealth Management LTD. increased its holdings in shares of Equity Residential by 33.1% in the 1st quarter. Nicola Wealth Management LTD. now owns 33,528 shares of the real estate investment trust's stock worth $2,400,000 after buying an additional 8,330 shares during the last quarter. Inspire Investing LLC increased its holdings in shares of Equity Residential by 4.6% in the 1st quarter. Inspire Investing LLC now owns 39,664 shares of the real estate investment trust's stock worth $2,839,000 after buying an additional 1,749 shares during the last quarter. Strs Ohio bought a new stake in shares of Equity Residential in the 1st quarter worth about $17,701,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Equity Residential by 4.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,696,175 shares of the real estate investment trust's stock worth $336,152,000 after buying an additional 198,344 shares during the last quarter. Institutional investors own 92.68% of the company's stock.

Equity Residential Trading Down 0.9%

EQR stock traded down $0.57 during mid-day trading on Tuesday, reaching $64.71. The company had a trading volume of 2,576,886 shares, compared to its average volume of 1,930,093. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.17 and a quick ratio of 0.17. The company has a market capitalization of $24.71 billion, a PE ratio of 24.42, a price-to-earnings-growth ratio of 3.37 and a beta of 0.93. The firm has a 50 day moving average of $65.42 and a 200 day moving average of $67.75. Equity Residential has a 12 month low of $59.41 and a 12 month high of $78.37.

Equity Residential (NYSE:EQR - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $0.99 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.99. Equity Residential had a return on equity of 9.05% and a net margin of 33.22%.The company had revenue of $768.83 million for the quarter, compared to analysts' expectations of $770.60 million. During the same quarter in the prior year, the firm earned $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. On average, equities analysts predict that Equity Residential will post 3.98 earnings per share for the current fiscal year.

Equity Residential Dividend Announcement

The firm 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 dividend of $0.6925 per share. This represents a $2.77 annualized dividend and a yield of 4.3%. The ex-dividend date is Thursday, September 25th. Equity Residential's dividend payout ratio is presently 104.53%.

Analyst Ratings Changes

Several equities research analysts have weighed in on EQR shares. Wedbush reissued a "neutral" rating and set a $75.00 price objective on shares of Equity Residential in a research note on Wednesday, May 28th. UBS Group cut their target price 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. Mizuho cut their price objective on shares of Equity Residential from $76.00 to $71.00 and set a "neutral" rating on the stock in a research report on Friday, May 23rd. Truist Financial cut their price objective on shares of 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 upped their price target on shares of Equity Residential from $71.00 to $72.00 and gave the company an "outperform" rating in a report on Monday. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $75.71.

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.