Vinva Investment Management Ltd Purchases New Position in Equity Residential $EQR

Vinva Investment Management Ltd purchased a new stake in Equity Residential (NYSE:EQR) during the second quarter, HoldingsChannel.com reports. The firm purchased 4,523 shares of the real estate investment trust’s stock, valued at approximately $305,000.

Other large investors have also recently added to or reduced their stakes in the company. CVA Family Office LLC raised its stake in shares of Equity Residential by 425.3% in the second quarter. CVA Family Office LLC now owns 415 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 336 shares during the last quarter. GKV Capital Management Co. Inc. acquired a new position in Equity Residential in the first quarter worth $37,000. FNY Investment Advisers LLC increased its stake in shares of Equity Residential by 1,000.0% in the second quarter. FNY Investment Advisers LLC now owns 660 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 600 shares in the last quarter. Keystone Global Partners LLC bought a new position in shares of Equity Residential in the first quarter valued at about $47,000. Finally, Zions Bancorporation National Association UT bought a new stake in Equity Residential during the 1st quarter worth about $48,000. 92.68% of the stock is owned by institutional investors.

Equity Residential Stock Performance

Shares of NYSE:EQR opened at $61.75 on Friday. The company has a market capitalization of $23.49 billion, a price-to-earnings ratio of 20.38, a P/E/G ratio of 2.99 and a beta of 0.88. The firm’s 50 day simple moving average is $61.65 and its 200 day simple moving average is $64.97. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.45 and a quick ratio of 0.17. Equity Residential has a fifty-two week low of $58.38 and a fifty-two week high of $77.75.

Equity Residential (NYSE:EQR) last issued its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $779.68 million. Equity Residential had a net margin of 37.58% and a return on equity of 10.30%. During the same quarter in the previous year, the company earned $0.98 earnings per share. 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, sell-side analysts forecast that Equity Residential will post 3.98 earnings per share for the current year.

Equity Residential Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Thursday, September 25th were paid a dividend of $0.6925 per share. This represents a $2.77 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend was Thursday, September 25th. Equity Residential’s dividend payout ratio (DPR) is presently 91.42%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on EQR shares. Morgan Stanley dropped their target price on shares of Equity Residential from $75.00 to $73.50 and set an “equal weight” rating for the company in a research note on Thursday, November 13th. The Goldman Sachs Group dropped their price objective on shares of Equity Residential from $72.00 to $70.00 and set a “neutral” rating for the company in a research report on Wednesday, September 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of Equity Residential in a research report on Wednesday, October 8th. Cantor Fitzgerald assumed coverage on Equity Residential in a research report on Wednesday, October 1st. They set an “overweight” rating and a $70.00 target price for the company. Finally, Stifel Nicolaus set a $79.75 price target on Equity Residential in a report on Wednesday, October 29th. Eight equities 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, Equity Residential has an average rating of “Hold” and an average price target of $70.27.

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.