Equity Residential $EQR Stock Position Decreased by Presima Securities ULC

Presima Securities ULC cut its position in shares of Equity Residential (NYSE:EQR) by 1.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 248,831 shares of the real estate investment trust’s stock after selling 2,709 shares during the period. Equity Residential accounts for about 3.9% of Presima Securities ULC’s investment portfolio, making the stock its 11th largest position. Presima Securities ULC’s holdings in Equity Residential were worth $16,794,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EQR. Sequoia Financial Advisors LLC raised its stake in shares of Equity Residential by 6.3% during the 1st 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 in the last quarter. Teacher Retirement System of Texas raised its stake in shares of Equity Residential by 11.9% during the 1st quarter. Teacher Retirement System of Texas now owns 49,921 shares of the real estate investment trust’s stock worth $3,573,000 after purchasing an additional 5,293 shares in the last quarter. Checchi Capital Advisers LLC raised its stake in shares of Equity Residential by 38.3% during the 1st quarter. Checchi Capital Advisers LLC now owns 4,840 shares of the real estate investment trust’s stock worth $346,000 after purchasing an additional 1,341 shares in the last quarter. GF Fund Management CO. LTD. raised its stake in shares of Equity Residential by 4.3% during the 1st quarter. GF Fund Management CO. LTD. now owns 6,468 shares of the real estate investment trust’s stock worth $463,000 after purchasing an additional 267 shares in the last quarter. Finally, IFM Investors Pty Ltd raised its stake in shares of Equity Residential by 5.4% during the 1st quarter. IFM Investors Pty Ltd now owns 156,759 shares of the real estate investment trust’s stock worth $11,672,000 after purchasing an additional 7,993 shares in the last quarter. 92.68% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Equity Residential in a research note on Wednesday, October 8th. UBS Group cut their price objective on Equity Residential from $84.00 to $76.00 and set a “buy” rating on the stock in a research note on Tuesday, July 15th. Scotiabank cut their price objective on Equity Residential from $77.00 to $73.00 and set a “sector perform” rating on the stock in a research note on Tuesday, October 14th. BNP Paribas Exane downgraded Equity Residential from an “outperform” rating to a “neutral” rating in a research note on Monday, September 29th. Finally, Wells Fargo & Company cut their price objective on Equity Residential from $75.00 to $68.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 27th. Seven research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, Equity Residential has a consensus rating of “Hold” and an average price target of $73.12.

Equity Residential Stock Performance

EQR opened at $59.44 on Friday. The firm has a market capitalization of $22.70 billion, a P/E ratio of 19.62, a price-to-earnings-growth ratio of 2.99 and a beta of 0.90. The stock’s 50 day moving average price is $63.88 and its two-hundred day moving average price is $66.32. 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 $58.51 and a 12-month high of $78.32.

Equity Residential (NYSE:EQR) last released its earnings results on Tuesday, October 28th. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.02. The firm had revenue of $782.41 million for the quarter, compared to analyst estimates of $779.68 million. Equity Residential had a return on equity of 10.30% and a net margin of 37.58%.During the same quarter last year, the firm posted $0.98 EPS. 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 analysts forecast that Equity Residential will post 3.98 earnings per share for the current year.

Equity Residential Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Thursday, September 25th were issued 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 4.7%. Equity Residential’s dividend payout ratio (DPR) is 91.42%.

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.