United Services Automobile Association purchased a new stake in Equity Residential (NYSE:EQR - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,708 shares of the real estate investment trust's stock, valued at approximately $550,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Versant Capital Management Inc increased its position in shares of 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 acquiring an additional 157 shares in the last quarter. GKV Capital Management Co. Inc. acquired a new position in Equity Residential in the 1st quarter worth approximately $37,000. Keystone Global Partners LLC purchased a new position in Equity Residential during the 1st quarter worth approximately $47,000. Zions Bancorporation National Association UT acquired a new stake in Equity Residential during the 1st quarter valued at $48,000. Finally, MassMutual Private Wealth & Trust FSB raised its stake 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 purchasing an additional 160 shares during the period. Institutional investors and hedge funds own 92.68% of the company's stock.
Equity Residential Stock Performance
NYSE:EQR traded down $0.40 during midday trading on Friday, reaching $66.49. The stock had a trading volume of 1,264,431 shares, compared to its average volume of 1,866,282. The stock has a market capitalization of $25.39 billion, a P/E ratio of 25.09, a PEG ratio of 3.40 and a beta of 0.93. Equity Residential has a 1-year low of $59.41 and a 1-year high of $78.83. 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 firm's fifty day simple moving average is $65.45 and its 200-day simple moving average is $67.89.
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, hitting analysts' consensus estimates of $0.99. The business had revenue of $768.83 million for the quarter, compared to analyst estimates of $770.60 million. Equity Residential had a return on equity of 9.05% and a net margin of 33.22%.The firm's revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.97 earnings per share. 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 research analysts forecast that Equity Residential will post 3.98 EPS for the current fiscal year.
Equity Residential Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Thursday, September 25th will be issued a $0.6925 dividend. The ex-dividend date of this dividend is Thursday, September 25th. This represents a $2.77 dividend on an annualized basis and a yield of 4.2%. Equity Residential's dividend payout ratio is 104.53%.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on EQR shares. Evercore ISI reduced their price target on shares of Equity Residential from $72.00 to $71.00 and set an "outperform" rating for the company in a research report on Tuesday, August 12th. 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. Wedbush restated a "neutral" rating and set a $75.00 price target on shares of Equity Residential in a report on Wednesday, May 28th. UBS Group cut their price objective on Equity Residential from $84.00 to $76.00 and set a "buy" rating for the company in a report on Tuesday, July 15th. Finally, Wells Fargo & Company reduced their price objective on Equity Residential from $75.00 to $68.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 27th. Six equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat.com, Equity Residential presently has an average rating of "Hold" and a consensus price target of $75.96.
Get Our Latest Research Report on Equity Residential
Equity Residential Profile
(
Free Report)
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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