Aurora Investment Managers LLC. Sells 196 Shares of Equity Residential $EQR

Aurora Investment Managers LLC. lessened its stake in Equity Residential (NYSE:EQR) by 0.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 55,991 shares of the real estate investment trust’s stock after selling 196 shares during the quarter. Equity Residential makes up approximately 2.3% of Aurora Investment Managers LLC.’s portfolio, making the stock its 14th biggest holding. Aurora Investment Managers LLC.’s holdings in Equity Residential were worth $3,779,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. GKV Capital Management Co. Inc. bought a new stake in shares of Equity Residential in the first quarter valued at $37,000. Keystone Global Partners LLC bought a new stake in Equity Residential in the 1st quarter valued at about $47,000. Zions Bancorporation National Association UT bought a new stake in Equity Residential in the 1st quarter valued at about $48,000. Beaird Harris Wealth Management LLC bought a new stake in Equity Residential in the 1st quarter valued at about $56,000. Finally, Larson Financial Group LLC raised its position in shares of Equity Residential by 215.4% in the first quarter. Larson Financial Group LLC now owns 817 shares of the real estate investment trust’s stock valued at $58,000 after purchasing an additional 558 shares during the period. 92.68% of the stock is currently owned by institutional investors.

Equity Residential Price Performance

Shares of Equity Residential stock opened at $62.34 on Thursday. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $23.81 billion, a PE ratio of 23.52, a price-to-earnings-growth ratio of 3.17 and a beta of 0.90. The business’s 50-day moving average price is $64.44 and its 200-day moving average price is $67.01. Equity Residential has a 12 month low of $59.41 and a 12 month high of $78.32.

Equity Residential (NYSE:EQR) last issued its quarterly earnings results on Monday, August 4th. The real estate investment trust reported $0.99 EPS for the quarter, meeting 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 analysts’ expectations of $770.60 million. During the same period last year, the business earned $0.97 earnings per share. The business’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. Sell-side 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. Stockholders of record on Thursday, September 25th will be paid a dividend of $0.6925 per share. This represents a $2.77 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend is Thursday, September 25th. Equity Residential’s dividend payout ratio (DPR) is 104.53%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Wall Street Zen lowered shares of Equity Residential from a “hold” rating to a “sell” rating in a research report on Friday, September 26th. Barclays lowered their target price on shares of Equity Residential from $81.00 to $80.00 and set an “overweight” rating on the stock in a report on Tuesday, September 30th. Scotiabank decreased their price objective on Equity Residential from $78.00 to $77.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 14th. JPMorgan Chase & Co. decreased their price objective on Equity Residential from $76.00 to $75.00 in a research note on Tuesday, September 16th. Finally, Stifel Nicolaus set a $80.50 price target on Equity Residential and gave the company a “buy” rating in a research report on Tuesday, August 5th. Seven analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $74.32.

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.