Rakuten Investment Management Inc. Takes $4.69 Million Position in Equity Residential $EQR

Rakuten Investment Management Inc. bought a new position in Equity Residential (NYSE:EQR) during the third quarter, according to its most recent filing with the SEC. The firm bought 72,494 shares of the real estate investment trust’s stock, valued at approximately $4,693,000.

Other hedge funds have also bought and sold shares of the company. CVA Family Office LLC raised its holdings in Equity Residential by 425.3% during the second quarter. CVA Family Office LLC now owns 415 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 336 shares during the last quarter. FNY Investment Advisers LLC raised its holdings in shares of Equity Residential by 1,000.0% in the 2nd quarter. FNY Investment Advisers LLC now owns 660 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 600 shares during the last quarter. CYBER HORNET ETFs LLC bought a new position in Equity Residential in the 2nd quarter valued at about $61,000. MUFG Securities EMEA plc bought a new position in Equity Residential in the 2nd quarter valued at about $68,000. Finally, Trust Co. of Toledo NA OH acquired a new position in Equity Residential during the 2nd quarter valued at about $83,000. Institutional investors and hedge funds own 92.68% of the company’s stock.

Equity Residential Stock Down 0.5%

Shares of NYSE:EQR opened at $61.02 on Friday. Equity Residential has a 1 year low of $58.38 and a 1 year high of $75.86. The company has a market capitalization of $23.22 billion, a PE ratio of 20.14, a price-to-earnings-growth ratio of 3.11 and a beta of 0.75. The business has a fifty day moving average price of $61.36 and a two-hundred day moving average price of $63.09. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.45 and a quick ratio of 0.45.

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

Equity Residential Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Friday, January 2nd were given 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 of this dividend was Friday, January 2nd. Equity Residential’s dividend payout ratio is currently 91.42%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on EQR shares. The Goldman Sachs Group increased their price objective on Equity Residential from $63.00 to $69.00 and gave the stock a “neutral” rating in a research note on Friday, January 16th. Weiss Ratings reissued a “hold (c)” rating on shares of Equity Residential in a research report on Wednesday, October 8th. Jefferies Financial Group cut their price objective on shares of Equity Residential from $68.00 to $65.00 and set a “hold” rating on the stock in a report on Tuesday, November 11th. Mizuho reduced their target price on shares of Equity Residential from $66.00 to $65.00 and set a “neutral” rating for the company in a research note on Monday, November 24th. Finally, Morgan Stanley dropped their price target on shares of Equity Residential from $75.00 to $73.50 and set an “equal weight” rating on the stock in a research report on Thursday, November 13th. Seven research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $69.54.

Equity Residential Company Profile

Equity Residential (NYSE: EQR) is a publicly traded real estate investment trust that acquires, develops, owns and operates rental apartment properties. Headquartered in Chicago, the company focuses on delivering professionally managed, market-rate apartment homes and related services to renters. Its operations cover a range of property types, including high-rise and mid-rise assets, with amenities and on-site management designed to support resident retention and occupancy.

The company’s core activities include property acquisitions, development and redevelopment, leasing, and day-to-day property management.