Conning Inc. Sells 467 Shares of Equity Residential $EQR

Conning Inc. cut its position in shares of Equity Residential (NYSE:EQR) by 4.5% during the 2nd quarter, Holdings Channel.com reports. The firm owned 9,840 shares of the real estate investment trust’s stock after selling 467 shares during the period. Conning Inc.’s holdings in Equity Residential were worth $664,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. TCW Group Inc. grew its position in Equity Residential by 40.4% during the first quarter. TCW Group Inc. now owns 83,417 shares of the real estate investment trust’s stock valued at $5,971,000 after acquiring an additional 23,997 shares during the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of Equity Residential by 6.3% during the 1st quarter. Sequoia Financial Advisors LLC now owns 3,246 shares of the real estate investment trust’s stock valued at $232,000 after purchasing an additional 191 shares during the last quarter. U.S. Capital Wealth Advisors LLC grew its holdings in shares of Equity Residential by 39.1% during the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 86,203 shares of the real estate investment trust’s stock valued at $6,170,000 after purchasing an additional 24,232 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Equity Residential by 11.0% in the 1st 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 during the period. Finally, PNC Financial Services Group Inc. lifted its stake in Equity Residential by 9.0% in 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 during the last quarter. 92.68% of the stock is owned by hedge funds and other institutional investors.

Equity Residential Price Performance

EQR opened at $61.72 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.17 and a current ratio of 0.17. Equity Residential has a 52-week low of $59.41 and a 52-week high of $78.32. The stock has a market capitalization of $23.57 billion, a PE ratio of 23.29, a price-to-earnings-growth ratio of 3.13 and a beta of 0.90. The stock’s 50 day moving average price is $64.39 and its 200-day moving average price is $66.85.

Equity Residential (NYSE:EQR) last released its quarterly earnings results on Monday, August 4th. The real estate investment trust reported $0.99 earnings per share for the quarter, meeting the consensus estimate of $0.99. The business had revenue of $768.83 million for the quarter, compared to analysts’ expectations of $770.60 million. Equity Residential had a net margin of 33.22% and a return on equity of 9.05%. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.97 earnings per share. Equity Residential has set its FY 2025 guidance at 3.970-4.030 EPS. Q3 2025 guidance at 0.990-1.030 EPS. On average, equities research analysts predict that Equity Residential will post 3.98 EPS for the current year.

Equity Residential Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Thursday, September 25th were paid a $0.6925 dividend. This represents a $2.77 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend was Thursday, September 25th. Equity Residential’s dividend payout ratio is presently 104.53%.

Analyst Upgrades and Downgrades

EQR has been the topic of a number of recent research reports. Wells Fargo & Company reduced their price objective on Equity Residential from $75.00 to $68.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 27th. Morgan Stanley dropped their target price on Equity Residential from $76.50 to $75.00 and set an “equal weight” rating for the company in a report on Wednesday, August 13th. The Goldman Sachs Group decreased their price target on Equity Residential from $72.00 to $70.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 17th. Cantor Fitzgerald assumed coverage on Equity Residential in a research note on Wednesday, October 1st. They set an “overweight” rating and a $70.00 price objective for the company. Finally, BNP Paribas downgraded shares of Equity Residential from an “outperform” rating to a “hold” rating in a research note on Monday, September 29th. Seven investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $74.32.

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.