Chevy Chase Trust Holdings LLC Has $12.25 Million Stock Holdings in Equity Residential $EQR

Chevy Chase Trust Holdings LLC lifted its holdings in Equity Residential (NYSE:EQR) by 0.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 181,438 shares of the real estate investment trust’s stock after purchasing an additional 1,393 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Equity Residential were worth $12,245,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Nordea Investment Management AB grew its position in shares of Equity Residential by 2.5% in the 2nd quarter. Nordea Investment Management AB now owns 33,401 shares of the real estate investment trust’s stock valued at $2,234,000 after purchasing an additional 814 shares during the period. New York State Teachers Retirement System grew its position in shares of Equity Residential by 8.1% in the 2nd quarter. New York State Teachers Retirement System now owns 266,584 shares of the real estate investment trust’s stock valued at $17,992,000 after purchasing an additional 19,988 shares during the period. TD Asset Management Inc grew its position in shares of Equity Residential by 5.3% in the 2nd quarter. TD Asset Management Inc now owns 238,611 shares of the real estate investment trust’s stock valued at $16,104,000 after purchasing an additional 11,994 shares during the period. Naviter Wealth LLC grew its position in shares of Equity Residential by 9.6% in the 2nd quarter. Naviter Wealth LLC now owns 27,372 shares of the real estate investment trust’s stock valued at $1,865,000 after purchasing an additional 2,408 shares during the period. Finally, Envestnet Portfolio Solutions Inc. grew its position in shares of Equity Residential by 6.1% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 7,076 shares of the real estate investment trust’s stock valued at $478,000 after purchasing an additional 405 shares during the period. 92.68% of the stock is currently owned by institutional investors and hedge funds.

Equity Residential Trading Up 1.2%

Shares of Equity Residential stock opened at $62.24 on Monday. Equity Residential has a 12-month low of $59.41 and a 12-month high of $78.32. The stock has a market cap of $23.77 billion, a P/E ratio of 23.48, a P/E/G ratio of 3.16 and a beta of 0.90. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.75. The business’s 50 day moving average is $64.26 and its 200-day moving average is $66.51.

Equity Residential (NYSE:EQR) last announced its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $0.99 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.99. Equity Residential had a return on equity of 9.05% and a net margin of 33.22%.The company had revenue of $768.83 million for the quarter, compared to analysts’ expectations of $770.60 million. During the same quarter in the prior year, the business posted $0.97 EPS. The business’s revenue was up 4.7% compared to the same quarter last year. 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 predict that Equity Residential will post 3.98 earnings per share 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 paid a dividend of $0.6925 per share. The ex-dividend date was Thursday, September 25th. This represents a $2.77 dividend on an annualized basis and a dividend yield of 4.5%. Equity Residential’s dividend payout ratio is currently 104.53%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on EQR shares. Wells Fargo & Company decreased their price objective on Equity Residential from $75.00 to $68.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 27th. JPMorgan Chase & Co. reduced their price target on Equity Residential from $76.00 to $75.00 in a research report on Tuesday, September 16th. BNP Paribas downgraded Equity Residential from an “outperform” rating to a “hold” rating in a research report on Monday, September 29th. Truist Financial reduced their price target on Equity Residential from $78.00 to $75.00 and set a “buy” rating for the company in a research report on Friday, August 29th. Finally, Wall Street Zen raised Equity Residential from a “sell” rating to a “hold” rating in a research report on Saturday. Seven research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, Equity Residential presently has a consensus rating of “Hold” and a consensus target price of $73.57.

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.