Vident Advisory LLC Sells 5,524 Shares of Equity Residential $EQR

Key Points

• Vident Advisory LLC reduced its stake in Equity Residential by 6.0%, owning 85,858 shares worth approximately $6.15 million as of its latest SEC filing.
• Equity Residential posted earnings of $0.99 per share for the last quarter, meeting analysts' consensus estimates, with revenues of about $768.83 million.
• The company recently announced a quarterly dividend of $0.6925 per share, representing an annualized yield of 4.2% despite a high payout ratio of 104.53%.

Vident Advisory LLC trimmed its holdings in shares of Equity Residential (NYSE:EQR - Free Report) by 6.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 85,858 shares of the real estate investment trust's stock after selling 5,524 shares during the quarter. Vident Advisory LLC's holdings in Equity Residential were worth $6,146,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Equity Residential by 0.4% during the first quarter. Vanguard Group Inc. now owns 56,000,934 shares of the real estate investment trust's stock worth $4,008,547,000 after purchasing an additional 199,943 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Equity Residential by 5.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 20,711,588 shares of the real estate investment trust's stock valued at $1,482,537,000 after acquiring an additional 1,101,027 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Equity Residential by 1.7% in the first quarter. Invesco Ltd. now owns 6,634,446 shares of the real estate investment trust's stock worth $474,894,000 after purchasing an additional 112,004 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Equity Residential by 8.3% in the first quarter. JPMorgan Chase & Co. now owns 4,560,478 shares of the real estate investment trust's stock worth $326,439,000 after purchasing an additional 350,095 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Equity Residential by 5.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,497,831 shares of the real estate investment trust's stock valued at $322,764,000 after buying an additional 238,686 shares during the period. Institutional investors own 92.68% of the company's stock.

Wall Street Analyst Weigh In

EQR has been the subject of a number of research reports. Wedbush reiterated a "neutral" rating and issued a $75.00 price target on shares of Equity Residential in a report on Wednesday, May 28th. Evercore ISI reduced their target price 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. UBS Group reduced their price objective on Equity Residential from $84.00 to $76.00 and set a "buy" rating for the company in a research note on Tuesday, July 15th. Scotiabank dropped their target price on Equity Residential from $78.00 to $77.00 and set a "sector perform" rating on the stock in a research report on Thursday, August 14th. Finally, Wells Fargo & Company lowered their price objective on Equity Residential from $75.00 to $68.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 27th. Eight investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $76.90.

Equity Residential Stock Performance

Shares of NYSE EQR traded up $0.17 during midday trading on Thursday, hitting $64.84. The company's stock had a trading volume of 290,944 shares, compared to its average volume of 1,929,528. The firm has a market cap of $24.76 billion, a P/E ratio of 24.47, a P/E/G ratio of 3.36 and a beta of 0.93. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.17 and a current ratio of 0.17. Equity Residential has a 1-year low of $59.41 and a 1-year high of $78.83. The firm's fifty day moving average price is $65.53 and its 200-day moving average price is $68.14.

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 earnings per share for the quarter, hitting analysts' consensus estimates of $0.99. The company had revenue of $768.83 million during the quarter, compared to analyst estimates of $770.60 million. Equity Residential had a net margin of 33.22% and a return on equity of 9.05%. The business's revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business 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. On average, sell-side analysts forecast that Equity Residential will post 3.98 EPS for the current fiscal year.

Equity Residential Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 11th. Investors 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 dividend yield of 4.3%. Equity Residential's dividend payout ratio (DPR) 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.