TD Asset Management Inc Purchases 11,994 Shares of Equity Residential $EQR

Key Points

• TD Asset Management Inc has increased its holdings in Equity Residential by 5.3%, acquiring an additional 11,994 shares in the second quarter, bringing its total ownership to approximately 238,611 shares valued at $16.1 million.
• Several other institutional investors also increased their stakes in Equity Residential, with CWM LLC leading with a 58% rise in holdings during the same quarter.
• Equity Residential's recent earnings report showed an EPS of $0.99, aligning with analyst expectations, and the company has announced a quarterly dividend of $0.6925 per share, indicating a 4.5% yield.

TD Asset Management Inc lifted its position in Equity Residential (NYSE:EQR - Free Report) by 5.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 238,611 shares of the real estate investment trust's stock after purchasing an additional 11,994 shares during the quarter. TD Asset Management Inc owned about 0.06% of Equity Residential worth $16,104,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Naviter Wealth LLC increased its holdings in shares of Equity Residential by 9.6% in the second quarter. Naviter Wealth LLC now owns 27,372 shares of the real estate investment trust's stock worth $1,865,000 after purchasing an additional 2,408 shares during the period. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Equity Residential by 6.1% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 7,076 shares of the real estate investment trust's stock worth $478,000 after purchasing an additional 405 shares during the period. Sequoia Financial Advisors LLC increased its holdings in shares of Equity Residential by 39.3% in the second quarter. Sequoia Financial Advisors LLC now owns 4,522 shares of the real estate investment trust's stock worth $305,000 after purchasing an additional 1,276 shares during the period. Yousif Capital Management LLC increased its holdings in shares of Equity Residential by 20.7% in the second quarter. Yousif Capital Management LLC now owns 64,864 shares of the real estate investment trust's stock worth $4,378,000 after purchasing an additional 11,120 shares during the period. Finally, CWM LLC increased its holdings in shares of Equity Residential by 58.0% in the second quarter. CWM LLC now owns 5,691 shares of the real estate investment trust's stock worth $384,000 after purchasing an additional 2,090 shares during the period. Institutional investors own 92.68% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on EQR. Wall Street Zen raised shares of Equity Residential from a "sell" rating to a "hold" rating in a report on Saturday. Scotiabank cut their target price on shares of Equity Residential from $77.00 to $73.00 and set a "sector perform" rating for the company in a research report on Tuesday, October 14th. JPMorgan Chase & Co. cut their target price on shares of Equity Residential from $76.00 to $75.00 in a research report on Tuesday, September 16th. UBS Group cut their target price on shares of Equity Residential from $84.00 to $76.00 and set a "buy" rating for the company in a research report on Tuesday, July 15th. Finally, Stifel Nicolaus set a $80.50 target price on shares of Equity Residential and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Seven investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $73.57.

Equity Residential Stock Performance

NYSE EQR opened at $62.24 on Friday. The company has a 50-day simple moving average of $64.26 and a two-hundred day simple moving average of $66.52. 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 has a 12-month low of $59.41 and a 12-month high of $78.32. The firm has a market cap of $23.77 billion, a price-to-earnings ratio of 23.48, a PEG ratio of 3.16 and a beta of 0.90.

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

Equity Residential Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Thursday, September 25th were paid a dividend of $0.6925 per share. This represents a $2.77 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend was Thursday, September 25th. Equity Residential's dividend payout ratio is 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.

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