Vert Asset Management LLC Grows Stock Holdings in Equity Residential $EQR

Vert Asset Management LLC grew its holdings in Equity Residential (NYSE:EQR) by 9.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 159,648 shares of the real estate investment trust’s stock after acquiring an additional 13,454 shares during the period. Equity Residential comprises approximately 3.5% of Vert Asset Management LLC’s holdings, making the stock its 11th biggest holding. Vert Asset Management LLC’s holdings in Equity Residential were worth $10,334,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in EQR. Vanguard Group Inc. boosted its position in Equity Residential by 0.6% during the 2nd quarter. Vanguard Group Inc. now owns 56,316,304 shares of the real estate investment trust’s stock worth $3,800,787,000 after purchasing an additional 315,370 shares during the period. Norges Bank acquired a new position in shares of Equity Residential during the second quarter worth about $2,351,689,000. State Street Corp boosted its position in shares of Equity Residential by 1.8% in the second quarter. State Street Corp now owns 24,234,081 shares of the real estate investment trust’s stock worth $1,651,909,000 after buying an additional 417,119 shares during the period. Geode Capital Management LLC boosted its position in shares of Equity Residential by 1.4% in the second quarter. Geode Capital Management LLC now owns 9,884,977 shares of the real estate investment trust’s stock worth $664,662,000 after buying an additional 137,533 shares during the period. Finally, Invesco Ltd. grew its stake in shares of Equity Residential by 20.9% in the second quarter. Invesco Ltd. now owns 8,019,026 shares of the real estate investment trust’s stock valued at $541,204,000 after buying an additional 1,384,580 shares in the last quarter. Institutional investors and hedge funds own 92.68% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on EQR. Royal Bank Of Canada reduced their price target on Equity Residential from $70.00 to $68.00 and set an “outperform” rating on the stock in a research report on Thursday, January 15th. BMO Capital Markets lowered shares of Equity Residential from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $70.00 to $68.00 in a research note on Friday, January 9th. Deutsche Bank Aktiengesellschaft cut shares of Equity Residential from a “buy” rating to a “hold” rating and set a $63.00 target price on the stock. in a research report on Tuesday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Equity Residential in a report on Wednesday, October 8th. Finally, Morgan Stanley dropped their price target on shares of Equity Residential from $75.00 to $73.50 and set an “equal weight” rating on the stock in a research note on Thursday, November 13th. Seven investment analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company’s stock. Based on data from MarketBeat, Equity Residential has an average rating of “Hold” and a consensus target price of $69.54.

Equity Residential Stock Down 1.7%

Shares of Equity Residential stock traded down $1.08 on Tuesday, hitting $60.96. 180,098 shares of the company’s stock traded hands, compared to its average volume of 2,249,532. The stock has a market cap of $23.19 billion, a P/E ratio of 20.06, a PEG ratio of 3.14 and a beta of 0.75. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 0.75. The firm’s 50-day moving average is $61.28 and its 200 day moving average is $63.15. Equity Residential has a 52-week low of $58.38 and a 52-week high of $75.86.

Equity Residential (NYSE:EQR) last issued its quarterly earnings results on Tuesday, October 28th. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.02. The business had revenue of $782.41 million during the quarter, compared to analyst estimates 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 previous year, the firm earned $0.98 earnings per share. Equity Residential has set its Q4 2025 guidance at 1.020-1.060 EPS and its FY 2025 guidance at 3.980-4.020 EPS. Equities analysts anticipate that Equity Residential will post 3.98 earnings per share for the current year.

Equity Residential Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Friday, January 2nd were given a $0.6925 dividend. The ex-dividend date of this dividend was Friday, January 2nd. This represents a $2.77 annualized dividend and a dividend yield of 4.5%. Equity Residential’s payout ratio is presently 91.42%.

Equity Residential Profile

Equity Residential (NYSE: EQR) is a publicly traded real estate investment trust that acquires, develops, owns and operates rental apartment properties. Headquartered in Chicago, the company focuses on delivering professionally managed, market-rate apartment homes and related services to renters. Its operations cover a range of property types, including high-rise and mid-rise assets, with amenities and on-site management designed to support resident retention and occupancy.

The company’s core activities include property acquisitions, development and redevelopment, leasing, and day-to-day property management.