Fox Run Management L.L.C. Lowers Position in Equity Residential $EQR

Fox Run Management L.L.C. trimmed its position in shares of Equity Residential (NYSE:EQR) by 38.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,825 shares of the real estate investment trust’s stock after selling 8,461 shares during the quarter. Fox Run Management L.L.C.’s holdings in Equity Residential were worth $933,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. TCW Group Inc. grew its holdings in shares of Equity Residential by 40.4% in the 1st quarter. TCW Group Inc. now owns 83,417 shares of the real estate investment trust’s stock worth $5,971,000 after acquiring an additional 23,997 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Equity Residential by 11.0% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 845,820 shares of the real estate investment trust’s stock worth $60,544,000 after purchasing an additional 83,788 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in Equity Residential by 9.0% during the first quarter. PNC Financial Services Group Inc. now owns 54,271 shares of the real estate investment trust’s stock worth $3,885,000 after purchasing an additional 4,499 shares in the last quarter. Aberdeen Group plc grew its holdings in Equity Residential by 9.3% in the second quarter. Aberdeen Group plc now owns 422,260 shares of the real estate investment trust’s stock valued at $28,498,000 after purchasing an additional 36,047 shares during the last quarter. Finally, Andra AP fonden grew its holdings in Equity Residential by 30.3% in the second quarter. Andra AP fonden now owns 187,100 shares of the real estate investment trust’s stock valued at $12,627,000 after purchasing an additional 43,500 shares during the last quarter. Institutional investors and hedge funds own 92.68% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on EQR shares. Weiss Ratings restated a “hold (c)” rating on shares of Equity Residential in a research report on Wednesday, October 8th. JPMorgan Chase & Co. lowered their price objective on shares of Equity Residential from $76.00 to $75.00 in a research note on Tuesday, September 16th. Scotiabank dropped their target price on shares of Equity Residential from $73.00 to $66.00 and set a “sector perform” rating for the company in a report on Tuesday, November 4th. Barclays reduced their price target on shares of Equity Residential from $81.00 to $80.00 and set an “overweight” rating on the stock in a report on Tuesday, September 30th. Finally, Truist Financial lowered their price target on shares of Equity Residential from $78.00 to $75.00 and set a “buy” rating on the stock in a research report on Friday, August 29th. Seven analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $72.45.

Equity Residential Stock Performance

Shares of NYSE EQR opened at $59.68 on Monday. The company has a 50-day simple moving average of $63.29 and a 200-day simple moving average of $65.99. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.45 and a quick ratio of 0.17. The company has a market cap of $22.71 billion, a PE ratio of 19.70, a price-to-earnings-growth ratio of 2.99 and a beta of 0.88. Equity Residential has a 12 month low of $58.38 and a 12 month high of $78.32.

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

Equity Residential Dividend Announcement

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

Equity Residential Company 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.