TD Asset Management Inc Purchases 11,994 Shares of Equity Residential $EQR

TD Asset Management Inc grew its position in shares of Equity Residential (NYSE:EQR) by 5.3% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 238,611 shares of the real estate investment trust’s stock after buying an additional 11,994 shares during the quarter. TD Asset Management Inc’s holdings in Equity Residential were worth $16,104,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GKV Capital Management Co. Inc. bought a new position in shares of Equity Residential during the first quarter valued at about $37,000. Keystone Global Partners LLC bought a new position in Equity Residential in the first quarter worth about $47,000. Zions Bancorporation National Association UT bought a new position in Equity Residential in the first quarter worth about $48,000. Beaird Harris Wealth Management LLC bought a new position in Equity Residential in the first quarter worth about $56,000. Finally, Larson Financial Group LLC raised its stake in 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 worth $58,000 after buying an additional 558 shares in the last quarter. 92.68% of the stock is owned by institutional investors.

Equity Residential Price Performance

Shares of NYSE EQR opened at $62.24 on Friday. Equity Residential has a fifty-two week low of $59.41 and a fifty-two week high of $78.32. The company has a 50 day simple moving average of $64.26 and a two-hundred day simple moving average of $66.52. The company has a market capitalization of $23.77 billion, a price-to-earnings ratio of 23.48, a P/E/G ratio of 3.16 and a beta of 0.90. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.17 and a current ratio of 0.17.

Equity Residential (NYSE:EQR) last posted 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 firm had revenue of $768.83 million for the quarter, compared to analysts’ expectations of $770.60 million. During the same quarter in the prior year, the company posted $0.97 earnings per share. The business’s revenue for the quarter 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. Analysts expect that Equity Residential will post 3.98 EPS for the current fiscal 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 issued a dividend of $0.6925 per share. The ex-dividend date was Thursday, September 25th. This represents a $2.77 dividend on an annualized basis and a dividend yield of 4.5%. Equity Residential’s dividend payout ratio is presently 104.53%.

Wall Street Analyst Weigh In

EQR has been the subject of a number of research reports. Evercore ISI decreased their price target on shares of Equity Residential from $72.00 to $71.00 and set an “outperform” rating for the company in a research note on Monday, October 13th. Wall Street Zen raised shares of Equity Residential from a “sell” rating to a “hold” rating in a research note on Saturday. The Goldman Sachs Group decreased their price target on shares of Equity Residential from $72.00 to $70.00 and set a “neutral” rating for the company in a research note on Wednesday, September 17th. BNP Paribas Exane downgraded shares of Equity Residential from an “outperform” rating to a “neutral” rating in a research note on Monday, September 29th. Finally, UBS Group decreased their price target on shares of Equity Residential from $84.00 to $76.00 and set a “buy” rating for the company in a research note on Tuesday, July 15th. Seven equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $73.57.

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.