Wealthfront Advisers LLC Cuts Position in Equity Residential $EQR

Wealthfront Advisers LLC trimmed its position in shares of Equity Residential (NYSE:EQR) by 16.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 23,657 shares of the real estate investment trust’s stock after selling 4,514 shares during the period. Wealthfront Advisers LLC’s holdings in Equity Residential were worth $1,597,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in EQR. Nuveen LLC purchased a new stake in shares of Equity Residential during the first quarter worth approximately $165,442,000. Price T Rowe Associates Inc. MD increased its stake in Equity Residential by 5.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 20,711,588 shares of the real estate investment trust’s stock valued at $1,482,537,000 after purchasing an additional 1,101,027 shares during the last quarter. National Bank of Canada FI increased its stake in Equity Residential by 190.9% in the first quarter. National Bank of Canada FI now owns 674,373 shares of the real estate investment trust’s stock valued at $48,272,000 after purchasing an additional 442,584 shares during the last quarter. Eventide Asset Management LLC purchased a new position in Equity Residential in the first quarter valued at approximately $27,944,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Equity Residential in the second quarter valued at approximately $26,129,000. 92.68% of the stock is currently owned by hedge funds and other institutional investors.

Equity Residential Price Performance

EQR stock opened at $60.32 on Friday. The company has a market capitalization of $23.04 billion, a P/E ratio of 19.91, a PEG ratio of 2.99 and a beta of 0.90. Equity Residential has a twelve month low of $58.51 and a twelve month high of $78.32. The business has a 50 day simple moving average of $64.00 and a 200-day simple moving average of $66.37. The company has a current ratio of 0.45, a quick ratio of 0.17 and a debt-to-equity ratio of 0.75.

Equity Residential (NYSE:EQR) last posted its quarterly earnings data on Tuesday, October 28th. The real estate investment trust reported $1.02 earnings per share for the quarter, meeting the consensus estimate of $1.02. The business had revenue of $782.41 million during the quarter, compared to the consensus estimate of $779.68 million. Equity Residential had a return on equity of 10.30% and a net margin of 37.58%.During the same period in the prior 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, equities analysts anticipate that Equity Residential will post 3.98 EPS for the current year.

Equity Residential Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Thursday, September 25th were issued a $0.6925 dividend. This represents a $2.77 annualized dividend 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 presently 91.42%.

Wall Street Analyst Weigh In

Several brokerages have commented on EQR. BNP Paribas lowered shares of Equity Residential from an “outperform” rating to a “hold” rating in a research note on Monday, September 29th. The Goldman Sachs Group dropped their price target on shares of Equity Residential from $72.00 to $70.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 17th. UBS Group dropped their price target on shares of Equity Residential from $84.00 to $76.00 and set a “buy” rating on the stock in a research note on Tuesday, July 15th. Evercore ISI dropped their price target on shares of Equity Residential from $72.00 to $71.00 and set an “outperform” rating on the stock in a research note on Monday, October 13th. Finally, Scotiabank dropped their price target on shares of Equity Residential from $77.00 to $73.00 and set a “sector perform” rating on the stock in a research note on Tuesday, October 14th. Seven research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $73.12.

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.