Raymond James Financial Inc. Has $13.45 Million Stock Position in Equity Residential $EQR

Key Points

• Raymond James Financial Inc. reduced its shareholding in Equity Residential (NYSE:EQR) by 3.1%, now owning 187,897 shares valued at approximately $13.45 million.
• A variety of large investors have increased their stakes in Equity Residential, with ownership by institutional investors at 92.68%.
• Equity Residential reported quarterly earnings of $0.99 per share, meeting expectations, alongside a recent annual dividend yield of 4.2% for shareholders.

Raymond James Financial Inc. trimmed its position in Equity Residential (NYSE:EQR - Free Report) by 3.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 187,897 shares of the real estate investment trust's stock after selling 6,094 shares during the quarter. Raymond James Financial Inc.'s holdings in Equity Residential were worth $13,450,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc increased its position 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 worth $33,000 after buying an additional 157 shares during the period. GKV Capital Management Co. Inc. acquired a new stake in shares of Equity Residential in the 1st quarter worth about $37,000. Zions Bancorporation National Association UT acquired a new stake in shares of Equity Residential in the 1st quarter worth about $48,000. MassMutual Private Wealth & Trust FSB lifted its position in 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 purchasing an additional 160 shares during the last quarter. Finally, Continuum Advisory LLC boosted its stake in Equity Residential by 38.8% during the 4th quarter. Continuum Advisory LLC now owns 765 shares of the real estate investment trust's stock valued at $55,000 after purchasing an additional 214 shares during the period. 92.68% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Morgan Stanley lowered their target price on shares of 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. UBS Group lowered their price objective on shares of Equity Residential from $84.00 to $76.00 and set a "buy" rating on the stock in a research note on Tuesday, July 15th. Mizuho cut their target price on Equity Residential from $76.00 to $71.00 and set a "neutral" rating for the company in a research report on Friday, May 23rd. Evercore ISI decreased their price target on Equity Residential from $72.00 to $71.00 and set an "outperform" rating for the company in a research note on Tuesday, August 12th. Finally, Scotiabank dropped their price objective on Equity Residential from $78.00 to $77.00 and set a "sector perform" rating on the stock in a research note on Thursday, August 14th. Eight equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Equity Residential currently has a consensus rating of "Moderate Buy" and an average target price of $76.90.

Equity Residential Trading Up 1.4%

EQR 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. The firm's 50-day simple moving average is $65.49 and its 200 day simple moving average is $68.11. 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 market cap 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 has a 12-month low of $59.41 and a 12-month high of $78.83.

Equity Residential (NYSE:EQR - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $0.99 EPS 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 during the quarter, compared to analyst estimates of $770.60 million. During the same period in the prior year, the firm earned $0.97 earnings per share. The business's quarterly 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. Equities research analysts anticipate that Equity Residential will post 3.98 earnings per share for the current year.

Equity Residential Dividend Announcement

The firm also recently disclosed 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 was Tuesday, June 24th. This represents a $2.77 dividend on an annualized basis and a yield of 4.2%. Equity Residential's dividend payout ratio (DPR) is presently 104.53%.

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.