Swiss National Bank Raises Position in Equity Residential $EQR

Swiss National Bank lifted its stake in shares of Equity Residential (NYSE:EQR) by 7.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,034,450 shares of the real estate investment trust’s stock after buying an additional 71,300 shares during the period. Swiss National Bank’s holdings in Equity Residential were worth $69,815,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of EQR. Vanguard Group Inc. lifted its stake in Equity Residential by 0.6% during the 2nd quarter. Vanguard Group Inc. now owns 56,316,304 shares of the real estate investment trust’s stock valued at $3,800,787,000 after acquiring an additional 315,370 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Equity Residential by 5.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,711,588 shares of the real estate investment trust’s stock worth $1,482,537,000 after acquiring an additional 1,101,027 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Equity Residential by 1.4% in the second quarter. Geode Capital Management LLC now owns 9,884,977 shares of the real estate investment trust’s stock valued at $664,662,000 after purchasing an additional 137,533 shares during the last quarter. Invesco Ltd. lifted its position in shares of Equity Residential by 1.7% during the first quarter. Invesco Ltd. now owns 6,634,446 shares of the real estate investment trust’s stock valued at $474,894,000 after purchasing an additional 112,004 shares in the last quarter. Finally, Resolution Capital Ltd lifted its position in shares of Equity Residential by 3.8% during the first quarter. Resolution Capital Ltd now owns 5,077,065 shares of the real estate investment trust’s stock valued at $363,416,000 after purchasing an additional 185,876 shares in the last quarter. Institutional investors own 92.68% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on EQR shares. JPMorgan Chase & Co. reduced their price objective on shares of Equity Residential from $76.00 to $75.00 in a research report on Tuesday, September 16th. Wells Fargo & Company cut their target price on Equity Residential from $68.00 to $62.00 and set an “equal weight” rating on the stock in a research note on Monday, November 10th. Royal Bank Of Canada reduced their target price on Equity Residential from $72.00 to $70.00 and set an “outperform” rating for the company in a report on Thursday, October 30th. Scotiabank decreased their price target on Equity Residential from $73.00 to $66.00 and set a “sector perform” rating for the company in a research report on Tuesday, November 4th. Finally, Morgan Stanley dropped their price target on Equity Residential from $75.00 to $73.50 and set an “equal weight” rating on the stock in a report on Thursday, November 13th. Eight research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $70.83.

Equity Residential Stock Up 2.3%

Equity Residential stock opened at $60.53 on Monday. The firm has a 50 day moving average price of $62.01 and a 200-day moving average price of $65.24. 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 twelve month low of $58.38 and a twelve month high of $78.32. The company has a market capitalization of $23.03 billion, a P/E ratio of 19.98, a P/E/G ratio of 2.99 and a beta of 0.88.

Equity Residential (NYSE:EQR) last posted its quarterly earnings results on Tuesday, October 28th. The real estate investment trust reported $1.02 EPS for the quarter, hitting analysts’ consensus estimates of $1.02. Equity Residential had a net margin of 37.58% and a return on equity of 10.30%. The company had revenue of $782.41 million for the quarter, compared to analysts’ expectations of $779.68 million. During the same quarter in the previous 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. As a group, equities analysts predict that Equity Residential will post 3.98 EPS for the current year.

Equity Residential Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Thursday, September 25th were given a dividend of $0.6925 per share. This represents a $2.77 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend was Thursday, September 25th. Equity Residential’s dividend payout ratio is currently 91.42%.

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.