Conning Inc. Decreases Holdings in Equity Residential $EQR

Conning Inc. reduced its stake in shares of Equity Residential (NYSE:EQR) by 4.5% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,840 shares of the real estate investment trust’s stock after selling 467 shares during the period. Conning Inc.’s holdings in Equity Residential were worth $664,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. GKV Capital Management Co. Inc. purchased a new position in Equity Residential in the first quarter valued at approximately $37,000. Keystone Global Partners LLC purchased a new position in shares of Equity Residential during the 1st quarter valued at $47,000. Zions Bancorporation National Association UT bought a new position in shares of Equity Residential during the 1st quarter worth $48,000. Beaird Harris Wealth Management LLC bought a new position in shares of Equity Residential during the 1st quarter worth $56,000. Finally, Larson Financial Group LLC increased its holdings in Equity Residential by 215.4% in the 1st quarter. Larson Financial Group LLC now owns 817 shares of the real estate investment trust’s stock worth $58,000 after acquiring an additional 558 shares during the last quarter. Hedge funds and other institutional investors own 92.68% of the company’s stock.

Equity Residential Stock Down 0.4%

Shares of NYSE:EQR opened at $61.72 on Friday. The firm has a fifty day moving average price of $64.39 and a two-hundred day moving average price of $66.85. The company has a market cap of $23.57 billion, a price-to-earnings ratio of 23.29, a PEG ratio of 3.13 and a beta of 0.90. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.17 and a quick ratio of 0.17. Equity Residential has a one year low of $59.41 and a one year high of $78.32.

Equity Residential (NYSE:EQR) last issued 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 the consensus estimate of $770.60 million. During the same quarter last year, the business posted $0.97 earnings per share. The firm’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. Analysts anticipate that Equity Residential will post 3.98 EPS for the current fiscal year.

Equity Residential Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Thursday, September 25th were given a $0.6925 dividend. This represents a $2.77 annualized dividend and a dividend yield of 4.5%. The ex-dividend date was Thursday, September 25th. Equity Residential’s dividend payout ratio is 104.53%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Scotiabank cut their target price on shares of Equity Residential from $78.00 to $77.00 and set a “sector perform” rating for the company in a research report on Thursday, August 14th. The Goldman Sachs Group cut their price objective on shares of Equity Residential from $72.00 to $70.00 and set a “neutral” rating for the company in a report on Wednesday, September 17th. JPMorgan Chase & Co. lowered their target price on shares of Equity Residential from $76.00 to $75.00 in a report on Tuesday, September 16th. Morgan Stanley dropped their target price on Equity Residential from $76.50 to $75.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 13th. Finally, BNP Paribas cut Equity Residential from an “outperform” rating to a “hold” rating in a research report on Monday, September 29th. Seven equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $74.32.

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.