8,800 Shares in Equity Residential $EQR Purchased by Westerkirk Capital Inc.

Westerkirk Capital Inc. purchased a new stake in shares of Equity Residential (NYSE:EQR) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 8,800 shares of the real estate investment trust’s stock, valued at approximately $594,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. M&T Bank Corp raised its stake in shares of Equity Residential by 5.1% in the second quarter. M&T Bank Corp now owns 40,116 shares of the real estate investment trust’s stock valued at $2,707,000 after acquiring an additional 1,962 shares during the last quarter. New York State Common Retirement Fund increased its holdings in Equity Residential by 1.2% during the 2nd quarter. New York State Common Retirement Fund now owns 243,532 shares of the real estate investment trust’s stock valued at $16,436,000 after purchasing an additional 3,000 shares in the last quarter. Mackenzie Financial Corp raised its position in Equity Residential by 6.4% in the 2nd quarter. Mackenzie Financial Corp now owns 67,826 shares of the real estate investment trust’s stock valued at $4,578,000 after purchasing an additional 4,082 shares during the last quarter. Norges Bank bought a new position in Equity Residential in the 2nd quarter valued at $2,351,689,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in Equity Residential by 166.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,612 shares of the real estate investment trust’s stock worth $244,000 after purchasing an additional 2,255 shares in the last quarter. 92.68% of the stock is currently owned by institutional investors and hedge funds.

Equity Residential Price Performance

Shares of EQR stock opened at $62.03 on Wednesday. The firm’s 50 day moving average price is $61.50 and its two-hundred day moving average price is $64.81. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.45 and a current ratio of 0.45. Equity Residential has a 52-week low of $58.38 and a 52-week high of $75.86. The stock has a market cap of $23.60 billion, a PE ratio of 20.47, a PEG ratio of 3.27 and a beta of 0.75.

Equity Residential (NYSE:EQR) last posted its quarterly earnings results on Tuesday, October 28th. The real estate investment trust reported $1.02 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.02. Equity Residential had a return on equity of 10.30% and a net margin of 37.58%.The company had revenue of $782.41 million for the quarter, compared to the consensus estimate of $779.68 million. During the same quarter in the prior year, the business posted $0.98 EPS. Equity Residential has set its Q4 2025 guidance at 1.020-1.060 EPS and its FY 2025 guidance at 3.980-4.020 EPS. As a group, analysts forecast that Equity Residential will post 3.98 EPS for the current year.

Equity Residential Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Thursday, September 25th were issued a dividend of $0.6925 per share. The ex-dividend date was Thursday, September 25th. This represents a $2.77 dividend on an annualized basis and a yield of 4.5%. Equity Residential’s dividend payout ratio (DPR) is 91.42%.

Wall Street Analyst Weigh In

EQR has been the subject of a number of research reports. BNP Paribas Exane lowered Equity Residential from an “outperform” rating to a “neutral” rating in a research note on Monday, September 29th. Cantor Fitzgerald began coverage on shares of Equity Residential in a research note on Wednesday, October 1st. They issued an “overweight” rating and a $70.00 target price for the company. The Goldman Sachs Group reduced their target price on shares of Equity Residential from $72.00 to $70.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 17th. UBS Group lowered their price target on shares of Equity Residential from $76.00 to $68.00 and set a “buy” rating for the company in a report on Monday, November 10th. Finally, BNP Paribas downgraded Equity Residential from an “outperform” rating to a “hold” rating in a report on Monday, September 29th. Eight equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $70.27.

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.