Equity Residential $EQR Shares Bought by Perigon Wealth Management LLC

Perigon Wealth Management LLC increased its stake in Equity Residential (NYSE:EQR) by 0.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 81,984 shares of the real estate investment trust’s stock after acquiring an additional 712 shares during the period. Perigon Wealth Management LLC’s holdings in Equity Residential were worth $5,533,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of EQR. Vanguard Group Inc. raised its stake in Equity Residential by 0.4% during the first quarter. Vanguard Group Inc. now owns 56,000,934 shares of the real estate investment trust’s stock worth $4,008,547,000 after purchasing an additional 199,943 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of Equity Residential by 5.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,711,588 shares of the real estate investment trust’s stock worth $1,482,537,000 after buying an additional 1,101,027 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Equity Residential by 1.7% during the 1st quarter. Invesco Ltd. now owns 6,634,446 shares of the real estate investment trust’s stock worth $474,894,000 after buying an additional 112,004 shares during the last quarter. Resolution Capital Ltd raised its position in shares of Equity Residential by 3.8% in the 1st quarter. Resolution Capital Ltd now owns 5,077,065 shares of the real estate investment trust’s stock worth $363,416,000 after buying an additional 185,876 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Equity Residential by 4.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,696,175 shares of the real estate investment trust’s stock valued at $336,152,000 after acquiring an additional 198,344 shares during the last quarter. 92.68% of the stock is currently owned by hedge funds and other institutional investors.

Equity Residential Stock Performance

Shares of EQR stock opened at $63.72 on Friday. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.17 and a quick ratio of 0.17. The company’s fifty day moving average price is $65.11 and its two-hundred day moving average price is $67.38. The firm has a market capitalization of $24.33 billion, a P/E ratio of 24.05, a P/E/G ratio of 3.31 and a beta of 0.93. Equity Residential has a 12 month low of $59.41 and a 12 month high of $78.32.

Equity Residential (NYSE:EQR) last released its quarterly earnings results on Monday, August 4th. The real estate investment trust reported $0.99 EPS for the quarter, hitting 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 return on equity of 9.05% and a net margin of 33.22%.The company’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm 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, research analysts anticipate that Equity Residential will post 3.98 earnings per share for the current fiscal year.

Equity Residential Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Thursday, September 25th will be paid a dividend of $0.6925 per share. This represents a $2.77 annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Thursday, September 25th. Equity Residential’s dividend payout ratio is 104.53%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on EQR shares. Truist Financial reduced their price objective on Equity Residential from $78.00 to $75.00 and set a “buy” rating on the stock in a research note on Friday, August 29th. Barclays reduced their price target on shares of Equity Residential from $83.00 to $81.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 12th. JPMorgan Chase & Co. dropped their price objective on shares of Equity Residential from $76.00 to $75.00 in a research report on Tuesday, September 16th. The Goldman Sachs Group cut their target price on shares of Equity Residential from $72.00 to $70.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 17th. Finally, Wells Fargo & Company decreased their price target on shares of 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. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Equity Residential currently has an average rating of “Moderate Buy” and an average target price of $74.73.

Equity Residential Company 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.