Equity Residential $EQR Stock Position Lifted by UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Equity Residential (NYSE:EQR) by 4.4% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,696,175 shares of the real estate investment trust’s stock after purchasing an additional 198,344 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC’s holdings in Equity Residential were worth $336,152,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Versant Capital Management Inc grew its position in Equity Residential by 51.6% in the first quarter. Versant Capital Management Inc now owns 461 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 157 shares in the last quarter. GKV Capital Management Co. Inc. bought a new stake in Equity Residential in the first quarter worth approximately $37,000. Keystone Global Partners LLC bought a new stake in Equity Residential in the first quarter worth approximately $47,000. Zions Bancorporation National Association UT bought a new stake in Equity Residential in the first quarter worth approximately $48,000. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in shares of Equity Residential by 27.6% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 740 shares of the real estate investment trust’s stock worth $53,000 after buying an additional 160 shares during the last quarter. 92.68% of the stock is owned by hedge funds and other institutional investors.

Equity Residential Stock Down 1.1%

EQR opened at $65.90 on Thursday. Equity Residential has a twelve month low of $59.41 and a twelve month high of $78.83. The firm’s 50-day simple moving average is $65.43 and its 200-day simple moving average is $67.97. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.17 and a current ratio of 0.17. The firm has a market cap of $25.17 billion, a price-to-earnings ratio of 24.87, a PEG ratio of 3.38 and a beta of 0.93.

Equity Residential (NYSE:EQR) last issued its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $0.99 EPS for the quarter, hitting analysts’ consensus estimates of $0.99. Equity Residential had a net margin of 33.22% and a return on equity of 9.05%. The firm had revenue of $768.83 million for the quarter, compared to analyst estimates of $770.60 million. During the same quarter in the prior year, the firm earned $0.97 EPS. The company’s revenue was up 4.7% on a year-over-year basis. Equity Residential has set its FY 2025 guidance at 3.970-4.030 EPS. Q3 2025 guidance at 0.990-1.030 EPS. Equities research analysts anticipate 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, July 11th. Shareholders of record on Tuesday, June 24th were issued a dividend of $0.6925 per share. The ex-dividend date of this dividend was Tuesday, June 24th. This represents a $2.77 dividend on an annualized basis and a yield of 4.2%. Equity Residential’s dividend payout ratio is currently 104.53%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on EQR shares. Wells Fargo & Company reduced their price objective on shares of Equity Residential from $75.00 to $68.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 27th. Truist Financial reduced their price objective on shares of Equity Residential from $78.00 to $75.00 and set a “buy” rating for the company in a research note on Friday, August 29th. Stifel Nicolaus set a $80.50 price objective on shares of Equity Residential and gave the stock a “buy” rating in a research note on Tuesday, August 5th. Evercore ISI cut their target price on shares of Equity Residential from $72.00 to $71.00 and set an “outperform” rating for the company in a research note on Tuesday, August 12th. Finally, Wall Street Zen upgraded shares of Equity Residential from a “sell” rating to a “hold” rating in a research note on Friday, September 5th. Six investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Equity Residential currently has an average rating of “Hold” and an average price target of $75.96.

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.