Equity Residential $EQR Shares Bought by Global Wealth Management Investment Advisory Inc.

Global Wealth Management Investment Advisory Inc. raised its holdings in Equity Residential (NYSE:EQR) by 10.7% during the 2nd quarter, Holdings Channel reports. The firm owned 13,747 shares of the real estate investment trust’s stock after buying an additional 1,333 shares during the quarter. Global Wealth Management Investment Advisory Inc.’s holdings in Equity Residential were worth $928,000 at the end of the most recent reporting period.

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

Equity Residential Price Performance

NYSE:EQR opened at $59.68 on Friday. Equity Residential has a one year low of $58.38 and a one year high of $78.32. The stock has a market cap of $22.71 billion, a PE ratio of 19.70, a P/E/G ratio of 2.99 and a beta of 0.88. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.17 and a current ratio of 0.45. The stock has a 50 day moving average price of $63.29 and a 200 day moving average price of $66.01.

Equity Residential (NYSE:EQR) last issued its earnings results on Tuesday, October 28th. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.02. Equity Residential had a return on equity of 10.30% and a net margin of 37.58%.The company had revenue of $782.41 million during the quarter, compared to analysts’ expectations of $779.68 million. During the same period in the prior year, the business earned $0.98 EPS. Equity Residential has set its Q4 2025 guidance at 1.020-1.060 EPS. FY 2025 guidance at 3.980-4.020 EPS. Equities research analysts expect that Equity Residential will post 3.98 EPS for the current fiscal year.

Equity Residential Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Thursday, September 25th were given a dividend of $0.6925 per share. This represents a $2.77 annualized dividend and a yield of 4.6%. The ex-dividend date was Thursday, September 25th. Equity Residential’s dividend payout ratio (DPR) is presently 91.42%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on EQR. BNP Paribas Exane lowered shares of Equity Residential from an “outperform” rating to a “neutral” rating in a research note on Monday, September 29th. Morgan Stanley decreased their target price on Equity Residential from $76.50 to $75.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 13th. UBS Group lowered their price target on 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 reduced their price objective on Equity Residential from $70.00 to $68.00 and set an “outperform” rating for the company in a research note on Monday, November 3rd. Finally, Jefferies Financial Group decreased their price objective on Equity Residential from $70.00 to $68.00 and set a “hold” rating on the stock in a report on Monday, October 13th. Seven investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $72.45.

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.