Los Angeles Capital Management LLC Sells 11,591 Shares of Equity Residential $EQR

Los Angeles Capital Management LLC lowered its holdings in Equity Residential (NYSE:EQR) by 2.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 494,322 shares of the real estate investment trust’s stock after selling 11,591 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.13% of Equity Residential worth $33,362,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in EQR. TD Private Client Wealth LLC lifted its stake in Equity Residential by 234.7% in the first quarter. TD Private Client Wealth LLC now owns 2,122 shares of the real estate investment trust’s stock worth $152,000 after acquiring an additional 1,488 shares during the period. Brown Advisory Inc. raised its holdings in Equity Residential by 1.6% in the 1st quarter. Brown Advisory Inc. now owns 10,733 shares of the real estate investment trust’s stock worth $768,000 after purchasing an additional 166 shares in the last quarter. Greenleaf Trust raised its holdings in Equity Residential by 4.4% in the 1st quarter. Greenleaf Trust now owns 3,858 shares of the real estate investment trust’s stock worth $276,000 after purchasing an additional 162 shares in the last quarter. Allworth Financial LP lifted its position in shares of Equity Residential by 48.2% in the 1st quarter. Allworth Financial LP now owns 929 shares of the real estate investment trust’s stock worth $64,000 after purchasing an additional 302 shares during the period. Finally, SteelPeak Wealth LLC bought a new stake in shares of Equity Residential during the 1st quarter valued at about $2,580,000. 92.68% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Truist Financial decreased their price target on shares of Equity Residential from $78.00 to $75.00 and set a “buy” rating for the company in a research note on Friday, August 29th. JPMorgan Chase & Co. reduced their target price on Equity Residential from $76.00 to $75.00 in a report on Tuesday, September 16th. 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, September 30th. Evercore ISI dropped their price target on Equity Residential from $70.00 to $68.00 and set an “outperform” rating on the stock in a research report on Monday, November 3rd. Finally, Royal Bank Of Canada reduced their price target on Equity Residential from $72.00 to $70.00 and set an “outperform” rating on the stock in a research note on Thursday, October 30th. Seven research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $72.45.

Equity Residential Stock Performance

Shares of EQR opened at $59.68 on Friday. The company has a quick ratio of 0.17, a current ratio of 0.45 and a debt-to-equity ratio of 0.75. The business’s 50 day moving average price is $63.29 and its 200-day moving average price is $66.01. Equity Residential has a 52 week low of $58.38 and a 52 week high of $78.32. The stock has a market cap of $22.71 billion, a P/E ratio of 19.70, a P/E/G ratio of 2.99 and a beta of 0.88.

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 analysts’ consensus estimates of $1.02. The company had revenue of $782.41 million during the quarter, compared to analyst estimates of $779.68 million. Equity Residential had a return on equity of 10.30% and a net margin of 37.58%.During the same quarter last year, the company 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 anticipate that Equity Residential will post 3.98 earnings per share for the current fiscal year.

Equity Residential Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Thursday, September 25th were given 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 payout ratio is currently 91.42%.

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.