Envestnet Asset Management Inc. Has $9.67 Million Stock Holdings in Equity Residential $EQR

Envestnet Asset Management Inc. boosted its holdings in shares of Equity Residential (NYSE:EQR) by 21.1% in the second quarter, Holdings Channel reports. The firm owned 143,307 shares of the real estate investment trust’s stock after purchasing an additional 24,984 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Equity Residential were worth $9,672,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. TCW Group Inc. lifted its position in Equity Residential by 40.4% during the 1st quarter. TCW Group Inc. now owns 83,417 shares of the real estate investment trust’s stock worth $5,971,000 after buying an additional 23,997 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Equity Residential by 11.0% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 845,820 shares of the real estate investment trust’s stock worth $60,544,000 after acquiring an additional 83,788 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Equity Residential by 9.0% during the first quarter. PNC Financial Services Group Inc. now owns 54,271 shares of the real estate investment trust’s stock worth $3,885,000 after purchasing an additional 4,499 shares in the last quarter. Aberdeen Group plc grew its stake in shares of Equity Residential by 9.3% during the second quarter. Aberdeen Group plc now owns 422,260 shares of the real estate investment trust’s stock valued at $28,498,000 after purchasing an additional 36,047 shares during the last quarter. Finally, 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 valued at $305,000 after purchasing an additional 1,276 shares in the last quarter. 92.68% of the stock is currently owned by institutional investors.

Equity Residential Price Performance

Shares of EQR stock opened at $59.68 on Monday. The company has a quick ratio of 0.17, a current ratio of 0.45 and a debt-to-equity ratio of 0.75. Equity Residential has a 12-month low of $58.38 and a 12-month high of $78.32. The firm has a fifty day moving average of $63.29 and a 200-day moving average of $65.99. The firm has a market capitalization of $22.71 billion, a price-to-earnings ratio of 19.70, a price-to-earnings-growth ratio of 2.99 and a beta of 0.88.

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

Equity Residential Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Thursday, September 25th were given a $0.6925 dividend. The ex-dividend date was Thursday, September 25th. This represents a $2.77 annualized dividend and a dividend yield of 4.6%. Equity Residential’s payout ratio is currently 91.42%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on EQR. JPMorgan Chase & Co. reduced their price objective on Equity Residential from $76.00 to $75.00 in a report on Tuesday, September 16th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Equity Residential in a research note on Wednesday, October 8th. Jefferies Financial Group lowered their price objective on Equity Residential from $70.00 to $68.00 and set a “hold” rating for the company in a research report on Monday, October 13th. Barclays cut their target price on shares of Equity Residential from $81.00 to $80.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 30th. Finally, Evercore ISI lowered their price target on shares of Equity Residential from $70.00 to $68.00 and set an “outperform” rating for the company in a research report on Monday, November 3rd. Seven research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Equity Residential currently has a consensus rating of “Hold” and an average price target of $72.45.

Equity Residential Company 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.