Metis Global Partners LLC Raises Position in Equity Residential $EQR

Metis Global Partners LLC increased its stake in Equity Residential (NYSE:EQR) by 18.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 74,454 shares of the real estate investment trust’s stock after buying an additional 11,696 shares during the quarter. Metis Global Partners LLC’s holdings in Equity Residential were worth $5,025,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Greenleaf Trust grew its position in Equity Residential by 4.4% in the first quarter. Greenleaf Trust now owns 3,858 shares of the real estate investment trust’s stock valued at $276,000 after acquiring an additional 162 shares in the last quarter. Brown Advisory Inc. lifted its position in shares of Equity Residential by 1.6% during the first 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. Avantax Advisory Services Inc. boosted its stake in shares of Equity Residential by 0.8% in the first quarter. Avantax Advisory Services Inc. now owns 26,049 shares of the real estate investment trust’s stock valued at $1,865,000 after purchasing an additional 207 shares during the period. Global X Japan Co. Ltd. grew its holdings in Equity Residential by 23.4% during the 2nd quarter. Global X Japan Co. Ltd. now owns 1,106 shares of the real estate investment trust’s stock valued at $75,000 after purchasing an additional 210 shares in the last quarter. Finally, Empowered Funds LLC grew its holdings in Equity Residential by 3.1% during the 1st quarter. Empowered Funds LLC now owns 7,489 shares of the real estate investment trust’s stock valued at $536,000 after purchasing an additional 226 shares in the last quarter. 92.68% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have weighed in on EQR. Barclays decreased their price objective on shares of Equity Residential from $81.00 to $80.00 and set an “overweight” rating for the company in a research report on Tuesday, September 30th. BNP Paribas downgraded Equity Residential from an “outperform” rating to a “hold” rating in a report on Monday, September 29th. JPMorgan Chase & Co. lowered their price objective on Equity Residential from $76.00 to $75.00 in a research note on Tuesday, September 16th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Equity Residential in a research report on Wednesday, October 8th. Finally, Jefferies Financial Group reduced their target price on Equity Residential from $70.00 to $68.00 and set a “hold” rating for the company in a research note on Monday, October 13th. 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 data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $72.45.

Equity Residential Trading Up 1.7%

Equity Residential stock opened at $59.68 on Friday. Equity Residential has a 1 year low of $58.38 and a 1 year high of $78.32. The firm’s 50-day moving average is $63.29 and its 200-day moving average is $66.01. 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 company has a market cap of $22.71 billion, a P/E ratio of 19.70, a PEG ratio of 2.99 and a beta of 0.88.

Equity Residential (NYSE:EQR) last announced 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. Equity Residential had a net margin of 37.58% and a return on equity of 10.30%. The business had revenue of $782.41 million during the quarter, compared to the consensus estimate of $779.68 million. During the same quarter in the prior year, the firm 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. On average, equities analysts expect that Equity Residential will post 3.98 earnings per share for the current 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 dividend of $0.6925 per share. This represents a $2.77 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date was Thursday, September 25th. Equity Residential’s dividend payout ratio is presently 91.42%.

Equity Residential 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.