Inspire Investing LLC Raises Holdings in Equity Residential $EQR

Inspire Investing LLC raised its position in shares of Equity Residential (NYSE:EQR) by 10.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,700 shares of the real estate investment trust’s stock after buying an additional 4,036 shares during the period. Inspire Investing LLC’s holdings in Equity Residential were worth $2,949,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Summit Place Financial Advisors LLC boosted its position in shares of Equity Residential by 15.0% during the second quarter. Summit Place Financial Advisors LLC now owns 27,550 shares of the real estate investment trust’s stock worth $1,859,000 after buying an additional 3,600 shares during the period. Aberdeen Group plc boosted its holdings in Equity Residential by 9.3% in 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 period. Blue Trust Inc. boosted its holdings in Equity Residential by 22.9% in the second quarter. Blue Trust Inc. now owns 1,475 shares of the real estate investment trust’s stock valued at $100,000 after purchasing an additional 275 shares during the period. Commerzbank Aktiengesellschaft FI boosted its holdings in Equity Residential by 13.2% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 4,957 shares of the real estate investment trust’s stock valued at $335,000 after purchasing an additional 578 shares during the period. Finally, Callan Family Office LLC purchased a new position in Equity Residential in the second quarter valued at $486,000. 92.68% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on EQR. Barclays cut their target price on Equity Residential from $81.00 to $80.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 30th. Stifel Nicolaus set a $80.50 price target on Equity Residential and gave the company a “buy” rating in a research report on Tuesday, August 5th. Wells Fargo & Company dropped their price target on Equity Residential from $75.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 27th. JPMorgan Chase & Co. dropped their target price on Equity Residential from $76.00 to $75.00 in a research report on Tuesday, September 16th. Finally, Scotiabank lowered their price target on Equity Residential from $78.00 to $77.00 and set a “sector perform” rating on the stock in a report on Thursday, August 14th. Seven investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, Equity Residential presently has an average rating of “Hold” and a consensus target price of $74.32.

Equity Residential Trading Down 0.4%

Shares of EQR opened at $61.72 on Friday. The company has a market capitalization of $23.57 billion, a PE ratio of 23.29, a price-to-earnings-growth ratio of 3.15 and a beta of 0.90. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.17 and a current ratio of 0.17. The stock has a fifty day moving average of $64.39 and a two-hundred day moving average of $66.88. Equity Residential has a fifty-two week low of $59.41 and a fifty-two week high of $78.32.

Equity Residential (NYSE:EQR) last released its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $770.60 million. Equity Residential had a return on equity of 9.05% and a net margin of 33.22%.The business’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the prior year, the firm 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. As a group, analysts forecast that Equity Residential will post 3.98 EPS for the current year.

Equity Residential Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Thursday, September 25th were issued a dividend of $0.6925 per share. This represents a $2.77 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date was Thursday, September 25th. Equity Residential’s dividend payout ratio is presently 104.53%.

About Equity Residential

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.