Presima Securities ULC Purchases 20,353 Shares of Equity Residential $EQR

Key Points

• Presima Securities ULC increased its stake in Equity Residential by 8.8% during the first quarter, now holding approximately $18.01 million worth of shares, making it the 10th largest holding in their portfolio.
• Equity Residential reported a quarterly EPS of $0.99, meeting analysts’ expectations, with revenues of $768.83 million, reflecting a 4.7% increase from the previous year.
• The firm recently announced a quarterly dividend of $0.6925 per share, representing a dividend yield of 4.1%, despite a payout ratio currently at 104.53%.

Presima Securities ULC lifted its stake in Equity Residential (NYSE:EQR - Free Report) by 8.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 251,540 shares of the real estate investment trust's stock after purchasing an additional 20,353 shares during the period. Equity Residential accounts for approximately 4.0% of Presima Securities ULC's holdings, making the stock its 10th largest holding. Presima Securities ULC owned about 0.07% of Equity Residential worth $18,005,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Versant Capital Management Inc lifted its stake in Equity Residential by 51.6% in 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 grew its holdings in Equity Residential by 27.6% during 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 increased its stake in 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 in the last quarter. Brown Advisory Inc. increased its stake in 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 in the last quarter. Finally, Avior Wealth Management LLC boosted its position in shares of Equity Residential by 2.9% during the first quarter. Avior Wealth Management LLC now owns 6,283 shares of the real estate investment trust's stock worth $450,000 after purchasing an additional 177 shares in the last quarter. 92.68% of the stock is owned by institutional investors and hedge funds.

Equity Residential Stock Down 1.1%

Shares of EQR stock traded down $0.72 during trading on Wednesday, reaching $65.90. The company's stock had a trading volume of 1,560,932 shares, compared to its average volume of 1,885,826. The company has a market cap of $25.17 billion, a price-to-earnings ratio of 17.00, a price-to-earnings-growth ratio of 3.38 and a beta of 0.93. Equity Residential has a one year low of $59.41 and a one year high of $78.83. The business has a fifty day moving average price of $65.45 and a 200-day moving average price of $67.98. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.75.

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 EPS for the quarter, hitting the consensus estimate of $0.99. The firm had revenue of $768.83 million for the quarter, compared to analysts' expectations of $770.60 million. Equity Residential had a net margin of 33.22% and a return on equity of 9.05%. The company's revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.97 EPS. Equity Residential has set its FY 2025 guidance at 3.970-4.030 EPS. Q3 2025 guidance at 0.990-1.030 EPS. Analysts anticipate that Equity Residential will post 3.98 earnings per share for the current year.

Equity Residential Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 11th. Shareholders 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 dividend yield of 4.2%. Equity Residential's payout ratio is 104.53%.

Wall Street Analyst Weigh In

EQR has been the topic of several research analyst reports. Morgan Stanley dropped their price objective on Equity Residential from $76.50 to $75.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 13th. Truist Financial dropped 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. Wall Street Zen upgraded Equity Residential from a "sell" rating to a "hold" rating in a research report on Friday, September 5th. Barclays dropped their target price on shares of Equity Residential from $83.00 to $81.00 and set an "overweight" rating on the stock in a report on Tuesday, August 12th. Finally, Stifel Nicolaus set a $80.50 price target on shares of Equity Residential and gave the company a "buy" rating in a report on Tuesday, August 5th. Seven research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $76.46.

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.