Envestnet Portfolio Solutions Inc. Acquires 405 Shares of Equity Residential $EQR

Envestnet Portfolio Solutions Inc. lifted its holdings in Equity Residential (NYSE:EQR) by 6.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,076 shares of the real estate investment trust’s stock after acquiring an additional 405 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Equity Residential were worth $478,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Greenleaf Trust lifted its holdings in shares of Equity Residential by 4.4% in the 1st quarter. Greenleaf Trust now owns 3,858 shares of the real estate investment trust’s stock valued at $276,000 after acquiring an additional 162 shares during the last quarter. Brown Advisory Inc. lifted its holdings in shares of Equity Residential by 1.6% in the 1st quarter. Brown Advisory Inc. now owns 10,733 shares of the real estate investment trust’s stock valued at $768,000 after acquiring an additional 166 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in Equity Residential by 6.3% in the first quarter. Sequoia Financial Advisors LLC now owns 3,246 shares of the real estate investment trust’s stock worth $232,000 after purchasing an additional 191 shares during the last quarter. Avantax Advisory Services Inc. lifted its stake in Equity Residential by 0.8% in the first quarter. Avantax Advisory Services Inc. now owns 26,049 shares of the real estate investment trust’s stock worth $1,865,000 after purchasing an additional 207 shares during the last quarter. Finally, Global X Japan Co. Ltd. lifted its stake in Equity Residential by 23.4% in the second quarter. Global X Japan Co. Ltd. now owns 1,106 shares of the real estate investment trust’s stock worth $75,000 after purchasing an additional 210 shares during the last quarter. Institutional investors own 92.68% of the company’s stock.

Equity Residential Stock Performance

Shares of NYSE:EQR opened at $62.82 on Wednesday. The firm has a market cap of $23.99 billion, a PE ratio of 23.70, a price-to-earnings-growth ratio of 3.16 and a beta of 0.90. The firm’s 50 day simple moving average is $64.27 and its 200-day simple moving average is $66.47. Equity Residential has a one year low of $59.41 and a one year high of $78.32. 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 (NYSE:EQR) last issued its earnings results 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 net margin of 33.22% and a return on equity of 9.05%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last 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. As a group, equities analysts predict that Equity Residential will post 3.98 EPS for the current year.

Equity Residential Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Thursday, September 25th were paid a $0.6925 dividend. The ex-dividend date of this dividend was Thursday, September 25th. This represents a $2.77 dividend on an annualized basis and a yield of 4.4%. Equity Residential’s payout ratio is 104.53%.

Wall Street Analysts Forecast Growth

EQR has been the subject of several analyst reports. BNP Paribas Exane downgraded shares of Equity Residential from an “outperform” rating to a “neutral” rating in a research note on Monday, September 29th. Wall Street Zen raised shares of Equity Residential from a “sell” rating to a “hold” rating in a research note on Saturday. BNP Paribas downgraded shares of Equity Residential from an “outperform” rating to a “hold” rating in a research note on Monday, September 29th. Evercore ISI decreased their price objective on shares of Equity Residential from $72.00 to $71.00 and set an “outperform” rating for the company in a research note on Monday, October 13th. Finally, Jefferies Financial Group decreased their price objective on shares of Equity Residential from $70.00 to $68.00 and set a “hold” rating for the company in a research note on Monday, October 13th. Seven analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, Equity Residential has a consensus rating of “Hold” and an average target price of $73.57.

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.