Segment Wealth Management LLC Makes New Investment in Equity Residential $EQR

Segment Wealth Management LLC acquired a new position in Equity Residential (NYSE:EQR) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 3,892 shares of the real estate investment trust’s stock, valued at approximately $263,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. TCW Group Inc. lifted its holdings in Equity Residential by 40.4% in the 1st quarter. TCW Group Inc. now owns 83,417 shares of the real estate investment trust’s stock worth $5,971,000 after buying an additional 23,997 shares during the period. Sequoia Financial Advisors LLC lifted its stake in shares of Equity Residential by 6.3% in the 1st quarter. Sequoia Financial Advisors LLC now owns 3,246 shares of the real estate investment trust’s stock valued at $232,000 after purchasing an additional 191 shares during the period. U.S. Capital Wealth Advisors LLC lifted its stake in shares of Equity Residential by 39.1% in the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 86,203 shares of the real estate investment trust’s stock valued at $6,170,000 after purchasing an additional 24,232 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Equity Residential by 11.0% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 845,820 shares of the real estate investment trust’s stock valued at $60,544,000 after purchasing an additional 83,788 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Equity Residential by 9.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 54,271 shares of the real estate investment trust’s stock valued at $3,885,000 after purchasing an additional 4,499 shares during the period. Hedge funds and other institutional investors own 92.68% of the company’s stock.

Equity Residential Stock Performance

Shares of EQR opened at $63.32 on Friday. The business’s fifty day simple moving average is $64.68 and its two-hundred day simple moving average is $67.15. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.75. Equity Residential has a 12 month low of $59.41 and a 12 month high of $78.32. The company has a market cap of $24.18 billion, a price-to-earnings ratio of 23.89, a P/E/G ratio of 3.25 and a beta of 0.90.

Equity Residential (NYSE:EQR) last issued its earnings results on Monday, August 4th. The real estate investment trust reported $0.99 EPS for the quarter, meeting the consensus estimate of $0.99. Equity Residential had a return on equity of 9.05% and a net margin of 33.22%.The business had revenue of $768.83 million for the quarter, compared to the consensus estimate of $770.60 million. During the same period last year, the business posted $0.97 EPS. The company’s revenue was up 4.7% compared to the same quarter last year. Equity Residential has set its FY 2025 guidance at 3.970-4.030 EPS. Q3 2025 guidance at 0.990-1.030 EPS. Research analysts anticipate that Equity Residential will post 3.98 earnings per share for the current fiscal year.

Equity Residential Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Thursday, September 25th will be paid a dividend of $0.6925 per share. This represents a $2.77 annualized dividend and a yield of 4.4%. The ex-dividend date is Thursday, September 25th. Equity Residential’s dividend payout ratio (DPR) is currently 104.53%.

Analysts Set New Price Targets

A number of research firms have recently commented on EQR. Wall Street Zen cut Equity Residential from a “hold” rating to a “sell” rating in a research note on Friday, September 26th. Scotiabank lowered their target price 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. Truist Financial lowered their target price on Equity Residential from $78.00 to $75.00 and set a “buy” rating for the company in a research note on Friday, August 29th. Barclays lowered their target price on Equity Residential from $81.00 to $80.00 and set an “overweight” rating for the company in a research note on Tuesday. Finally, Stifel Nicolaus set a $80.50 target price on Equity Residential and gave the company a “buy” rating in a research note on Tuesday, August 5th. Seven research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $74.32.

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.