Pensionfund DSM Netherlands Sells 5,000 Shares of Equity Residential $EQR

Pensionfund DSM Netherlands reduced its position in shares of Equity Residential (NYSE:EQR) by 9.2% in the 1st quarter, HoldingsChannel.com reports. The firm owned 49,556 shares of the real estate investment trust’s stock after selling 5,000 shares during the quarter. Equity Residential makes up about 2.3% of Pensionfund DSM Netherlands’ portfolio, making the stock its 12th largest position. Pensionfund DSM Netherlands’ holdings in Equity Residential were worth $3,547,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EQR. Versant Capital Management Inc increased its stake in shares of Equity Residential by 51.6% in the 1st quarter. Versant Capital Management Inc now owns 461 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 157 shares during the last quarter. GKV Capital Management Co. Inc. bought a new stake in shares of Equity Residential in the 1st quarter valued at about $37,000. Keystone Global Partners LLC bought a new stake in shares of Equity Residential in the 1st quarter valued at about $47,000. Zions Bancorporation National Association UT bought a new stake in shares of Equity Residential in the 1st quarter valued at about $48,000. Finally, MassMutual Private Wealth & Trust FSB increased its stake in shares of Equity Residential by 27.6% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 740 shares of the real estate investment trust’s stock valued at $53,000 after acquiring an additional 160 shares during the last quarter. 92.68% of the stock is owned by institutional investors.

Equity Residential Trading Down 0.6%

Shares of NYSE:EQR opened at $66.49 on Friday. Equity Residential has a 12 month low of $59.41 and a 12 month high of $78.83. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.75. The company’s fifty day simple moving average is $65.45 and its 200 day simple moving average is $67.89. The firm has a market cap of $25.39 billion, a price-to-earnings ratio of 25.09, a PEG ratio of 3.40 and a beta of 0.93.

Equity Residential (NYSE:EQR) last issued 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. Equity Residential had a net margin of 33.22% and a return on equity of 9.05%. The business had revenue of $768.83 million for the quarter, compared to analyst estimates of $770.60 million. During the same period last year, the business posted $0.97 earnings per share. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. 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, research analysts forecast that Equity Residential will post 3.98 EPS for the current fiscal year.

Equity Residential Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Thursday, September 25th will be issued a dividend of $0.6925 per share. This represents a $2.77 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date is Thursday, September 25th. Equity Residential’s dividend payout ratio (DPR) is presently 104.53%.

Analyst Ratings Changes

EQR has been the subject of a number of recent analyst reports. Mizuho lowered their price target on Equity Residential from $76.00 to $71.00 and set a “neutral” rating for the company in a research note on Friday, May 23rd. Scotiabank lowered their price target on Equity Residential from $78.00 to $77.00 and set a “sector perform” rating for the company in a research note on Thursday, August 14th. UBS Group lowered their price target on Equity Residential from $84.00 to $76.00 and set a “buy” rating for the company in a research note on Tuesday, July 15th. Wedbush reaffirmed a “neutral” rating and issued a $75.00 price target on shares of Equity Residential in a research note on Wednesday, May 28th. Finally, Wells Fargo & Company lowered their price target on Equity Residential from $75.00 to $68.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 27th. Six investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $75.96.

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.