Equity Residential $EQR Shares Purchased by Probity Advisors Inc.

Probity Advisors Inc. increased its stake in Equity Residential (NYSE:EQR) by 8.3% during the 2nd quarter, Holdings Channel reports. The fund owned 9,035 shares of the real estate investment trust’s stock after purchasing an additional 694 shares during the quarter. Probity Advisors Inc.’s holdings in Equity Residential were worth $610,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. GKV Capital Management Co. Inc. acquired a new position in shares of Equity Residential during the 1st quarter worth about $37,000. Keystone Global Partners LLC acquired a new stake in Equity Residential during the 1st quarter worth $47,000. Zions Bancorporation National Association UT acquired a new position in Equity Residential in the 1st quarter valued at about $48,000. Beaird Harris Wealth Management LLC acquired a new stake in shares of Equity Residential during the first quarter worth $56,000. Finally, Larson Financial Group LLC lifted its stake in shares of 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 period. 92.68% of the stock is owned by hedge funds and other institutional investors.

Equity Residential Trading Up 0.3%

NYSE:EQR opened at $62.37 on Tuesday. The business has a fifty day moving average of $64.26 and a 200-day moving average of $66.50. The stock has a market cap of $23.82 billion, a price-to-earnings ratio of 23.54, a PEG ratio of 3.16 and a beta of 0.90. Equity Residential has a 1 year low of $59.41 and a 1 year high of $78.32. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.17 and a current ratio of 0.17.

Equity Residential (NYSE:EQR) last issued 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 firm had revenue of $768.83 million for the quarter, compared to analysts’ expectations of $770.60 million. Equity Residential had a net margin of 33.22% and a return on equity of 9.05%. Equity Residential’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the business earned $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. Equities analysts predict 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, October 10th. Investors of record on Thursday, September 25th were paid a dividend of $0.6925 per share. This represents a $2.77 annualized dividend and a yield of 4.4%. The ex-dividend date was Thursday, September 25th. Equity Residential’s dividend payout ratio is presently 104.53%.

Analyst Upgrades and Downgrades

EQR has been the topic of a number of recent analyst reports. Scotiabank dropped their price objective on Equity Residential from $77.00 to $73.00 and set a “sector perform” rating on the stock in a report on Tuesday, October 14th. The Goldman Sachs Group lowered their target price on Equity Residential from $72.00 to $70.00 and set a “neutral” rating on the stock in a report on Wednesday, September 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Equity Residential in a research note on Wednesday, October 8th. Wells Fargo & Company reduced their target price on Equity Residential from $75.00 to $68.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 27th. Finally, Barclays dropped their target price on Equity Residential from $81.00 to $80.00 and set an “overweight” rating on the stock in a report on Tuesday, September 30th. Seven equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $73.57.

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.