Boston Partners Sells 46,919 Shares of Equity Residential $EQR

Boston Partners lessened its holdings in shares of Equity Residential (NYSE:EQR) by 1.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,386,727 shares of the real estate investment trust’s stock after selling 46,919 shares during the quarter. Boston Partners owned 0.62% of Equity Residential worth $161,055,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Nuveen LLC acquired a new stake in shares of Equity Residential during the first quarter worth about $165,442,000. Price T Rowe Associates Inc. MD raised its holdings in Equity Residential by 5.6% during the 1st 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 buying an additional 1,101,027 shares during the period. National Bank of Canada FI raised its holdings in Equity Residential by 190.9% during the 1st quarter. National Bank of Canada FI now owns 674,373 shares of the real estate investment trust’s stock worth $48,272,000 after buying an additional 442,584 shares during the period. Eventide Asset Management LLC bought a new position in Equity Residential in the first quarter valued at approximately $27,944,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Equity Residential in the second quarter valued at approximately $26,129,000. 92.68% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Cantor Fitzgerald began coverage on shares of Equity Residential in a report on Wednesday, October 1st. They set an “overweight” rating and a $70.00 price objective on the stock. BNP Paribas downgraded Equity Residential from an “outperform” rating to a “hold” rating in a research note on Monday, September 29th. Wells Fargo & Company decreased their price objective on Equity Residential from $68.00 to $62.00 and set an “equal weight” rating for the company in a report on Monday. Royal Bank Of Canada dropped their target price on Equity Residential from $72.00 to $70.00 and set an “outperform” rating on the stock in a research report on Thursday, October 30th. Finally, JPMorgan Chase & Co. reduced their price target on Equity Residential from $76.00 to $75.00 in a research report on Tuesday, September 16th. 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, the company currently has a consensus rating of “Hold” and a consensus target price of $71.52.

Equity Residential Stock Performance

Shares of EQR stock opened at $60.49 on Wednesday. Equity Residential has a 52 week low of $58.38 and a 52 week high of $78.32. The company has a 50-day simple moving average of $63.09 and a 200 day simple moving average of $65.86. 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 capitalization of $23.02 billion, a price-to-earnings ratio of 19.96, a PEG ratio of 2.99 and a beta of 0.88.

Equity Residential (NYSE:EQR) last released its quarterly earnings results on Tuesday, October 28th. The real estate investment trust reported $1.02 earnings per share for the quarter, hitting the consensus estimate of $1.02. Equity Residential had a return on equity of 10.30% and a net margin of 37.58%.The business had revenue of $782.41 million during the quarter, compared to analysts’ expectations of $779.68 million. During the same period last year, the firm 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, sell-side analysts predict that Equity Residential will post 3.98 earnings per share for the current year.

Equity Residential Announces Dividend

The firm 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 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date was Thursday, September 25th. Equity Residential’s payout ratio is presently 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.