United Services Automobile Association bought a new position in shares of Equity Residential (NYSE:EQR - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 7,708 shares of the real estate investment trust's stock, valued at approximately $550,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in EQR. Versant Capital Management Inc grew its position in Equity Residential by 51.6% in the 1st quarter. Versant Capital Management Inc now owns 461 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 157 shares in the last quarter. GKV Capital Management Co. Inc. purchased a new stake in shares of Equity Residential during the 1st quarter valued at approximately $37,000. Keystone Global Partners LLC purchased a new stake in shares of Equity Residential during the 1st quarter valued at approximately $47,000. Zions Bancorporation National Association UT bought a new stake in Equity Residential during the 1st quarter worth approximately $48,000. Finally, MassMutual Private Wealth & Trust FSB increased its holdings 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 worth $53,000 after acquiring an additional 160 shares during the period. 92.68% of the stock is owned by institutional investors.
Equity Residential Stock Performance
Shares of EQR traded down $0.70 during mid-day trading on Monday, hitting $65.74. 762,364 shares of the company traded hands, compared to its average volume of 1,920,009. 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 stock has a 50-day moving average price of $65.45 and a two-hundred day moving average price of $67.81. Equity Residential has a 1 year low of $59.41 and a 1 year high of $78.83. The stock has a market cap of $25.11 billion, a price-to-earnings ratio of 24.81, a P/E/G ratio of 3.37 and a beta of 0.93.
Equity Residential (NYSE:EQR - Get Free Report) last announced its earnings results on Monday, August 4th. The real estate investment trust reported $0.99 EPS for the quarter, meeting analysts' consensus estimates of $0.99. The business had revenue of $768.83 million during 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 firm's revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the company earned $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. Equities analysts anticipate that Equity Residential will post 3.98 earnings per share for the current year.
Equity Residential Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Thursday, September 25th will be issued a $0.6925 dividend. This represents a $2.77 annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Thursday, September 25th. Equity Residential's dividend payout ratio (DPR) is 104.53%.
Analysts Set New Price Targets
Several research analysts recently issued reports on the stock. Barclays cut their target price on shares of Equity Residential from $83.00 to $81.00 and set an "overweight" rating for the company in a research report on Tuesday, August 12th. Morgan Stanley reduced 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 report on Wednesday, August 13th. Evercore ISI increased their target price on shares of Equity Residential from $71.00 to $72.00 and gave the company an "outperform" rating in a report on Monday. Stifel Nicolaus set a $80.50 target price on shares of Equity Residential and gave the company a "buy" rating in a report on Tuesday, August 5th. Finally, Wedbush reaffirmed a "neutral" rating and set a $75.00 target price on shares of Equity Residential in a report on Wednesday, May 28th. Six investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $76.04.
Get Our Latest Stock Analysis on EQR
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.
Read More
Before you consider Equity Residential, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Equity Residential wasn't on the list.
While Equity Residential currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
