Equity Residential $EQR Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its holdings in Equity Residential (NYSE:EQR) by 0.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,253,265 shares of the real estate investment trust’s stock after selling 14,496 shares during the period. Bank of New York Mellon Corp owned 0.59% of Equity Residential worth $152,073,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. CVA Family Office LLC raised its position in Equity Residential by 425.3% in the second quarter. CVA Family Office LLC now owns 415 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 336 shares during the period. GKV Capital Management Co. Inc. acquired a new stake in shares of Equity Residential during the 1st quarter worth about $37,000. FNY Investment Advisers LLC increased its position in shares of Equity Residential by 1,000.0% during the 2nd quarter. FNY Investment Advisers LLC now owns 660 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 600 shares during the last quarter. Keystone Global Partners LLC purchased a new stake in Equity Residential in the 1st quarter valued at about $47,000. Finally, Zions Bancorporation National Association UT acquired a new position in Equity Residential in the first quarter valued at about $48,000. 92.68% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on EQR shares. BNP Paribas Exane cut shares of Equity Residential from an “outperform” rating to a “neutral” rating in a research report on Monday, September 29th. Truist Financial dropped their target price on shares of Equity Residential from $78.00 to $75.00 and set a “buy” rating for the company in a report on Friday, August 29th. Stifel Nicolaus set a $79.75 target price on Equity Residential in a research report on Wednesday, October 29th. JPMorgan Chase & Co. lowered their price target on Equity Residential from $76.00 to $75.00 in a research report on Tuesday, September 16th. Finally, UBS Group cut their price objective on Equity Residential from $84.00 to $76.00 and set a “buy” rating on the stock in a report on Tuesday, July 15th. Seven equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, Equity Residential has an average rating of “Hold” and a consensus target price of $72.45.

Equity Residential Stock Performance

Shares of EQR stock opened at $58.73 on Friday. The firm has a 50 day moving average of $63.42 and a two-hundred day moving average of $66.09. The stock has a market capitalization of $22.34 billion, a PE ratio of 19.38, a P/E/G ratio of 2.99 and a beta of 0.88. The company has a quick ratio of 0.17, a current ratio of 0.45 and a debt-to-equity ratio of 0.75. Equity Residential has a 52 week low of $58.38 and a 52 week high of $78.32.

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 (EPS) for the quarter, meeting the consensus estimate of $1.02. The business had revenue of $782.41 million for the quarter, compared to analysts’ expectations of $779.68 million. Equity Residential had a return on equity of 10.30% and a net margin of 37.58%.During the same period last year, the firm earned $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. On average, research analysts predict that Equity Residential will post 3.98 EPS for the current fiscal year.

Equity Residential Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend 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 currently 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.