ProShare Advisors LLC Increases Stock Holdings in Equity Residential $EQR

ProShare Advisors LLC boosted its position in shares of Equity Residential (NYSE:EQR) by 3.5% in the 2nd quarter, Holdings Channel.com reports. The fund owned 89,212 shares of the real estate investment trust’s stock after purchasing an additional 2,988 shares during the period. ProShare Advisors LLC’s holdings in Equity Residential were worth $6,021,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Equity Residential by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 56,000,934 shares of the real estate investment trust’s stock worth $4,008,547,000 after acquiring an additional 199,943 shares during the last quarter. Price T Rowe Associates Inc. MD lifted 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 valued at $1,482,537,000 after purchasing an additional 1,101,027 shares during the last quarter. Invesco Ltd. grew its stake in Equity Residential by 1.7% in the 1st quarter. Invesco Ltd. now owns 6,634,446 shares of the real estate investment trust’s stock worth $474,894,000 after buying an additional 112,004 shares in the last quarter. Resolution Capital Ltd raised its position in shares of Equity Residential by 3.8% during the 1st quarter. Resolution Capital Ltd now owns 5,077,065 shares of the real estate investment trust’s stock valued at $363,416,000 after buying an additional 185,876 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Equity Residential by 4.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,696,175 shares of the real estate investment trust’s stock worth $336,152,000 after acquiring an additional 198,344 shares in the last quarter. 92.68% of the stock is owned by institutional investors.

Equity Residential Price Performance

EQR opened at $59.20 on Friday. 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 stock’s 50 day simple moving average is $62.86 and its 200 day simple moving average is $65.77. The firm has a market cap of $22.53 billion, a price-to-earnings ratio of 19.54, a PEG ratio of 2.99 and a beta of 0.88. Equity Residential has a 1 year low of $58.38 and a 1 year high of $78.32.

Equity Residential (NYSE:EQR) last released 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 return on equity of 10.30% and a net margin of 37.58%.The firm had revenue of $782.41 million during the quarter, compared to analyst estimates of $779.68 million. During the same quarter in the prior year, the firm posted $0.98 earnings per share. Equity Residential has set its Q4 2025 guidance at 1.020-1.060 EPS. FY 2025 guidance at 3.980-4.020 EPS. As a group, analysts predict that Equity Residential will post 3.98 earnings per share for the current year.

Equity Residential Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Thursday, September 25th were given a $0.6925 dividend. The ex-dividend date was Thursday, September 25th. This represents a $2.77 dividend on an annualized basis and a dividend yield of 4.7%. Equity Residential’s payout ratio is presently 91.42%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on EQR shares. Scotiabank lowered their price target on Equity Residential from $73.00 to $66.00 and set a “sector perform” rating on the stock in a research report on Tuesday, November 4th. Morgan Stanley decreased their price objective on Equity Residential from $75.00 to $73.50 and set an “equal weight” rating on the stock in a report on Thursday. Cantor Fitzgerald started coverage on Equity Residential in a research report on Wednesday, October 1st. They issued an “overweight” rating and a $70.00 target price for the company. Jefferies Financial Group reduced their price target on shares of Equity Residential from $70.00 to $68.00 and set a “hold” rating on the stock in a research report on Monday, October 13th. Finally, Truist Financial decreased 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 note on Friday, August 29th. Seven research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, Equity Residential currently has a consensus rating of “Hold” and an average target price of $71.42.

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.