AG2R LA Mondiale Gestion D Actifs Increases Position in Equity Residential $EQR

AG2R LA Mondiale Gestion D Actifs raised its position in shares of Equity Residential (NYSE:EQR) by 23.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,528 shares of the real estate investment trust’s stock after purchasing an additional 4,213 shares during the period. AG2R LA Mondiale Gestion D Actifs’ holdings in Equity Residential were worth $1,520,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Greenleaf Trust increased its position in shares of Equity Residential by 4.4% during the 1st quarter. Greenleaf Trust now owns 3,858 shares of the real estate investment trust’s stock valued at $276,000 after purchasing an additional 162 shares during the last quarter. Brown Advisory Inc. grew its position in Equity Residential by 1.6% during the first quarter. Brown Advisory Inc. now owns 10,733 shares of the real estate investment trust’s stock valued at $768,000 after acquiring an additional 166 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of Equity Residential by 6.3% during the first quarter. Sequoia Financial Advisors LLC now owns 3,246 shares of the real estate investment trust’s stock worth $232,000 after acquiring an additional 191 shares in the last quarter. Avantax Advisory Services Inc. lifted its holdings in shares of Equity Residential by 0.8% in the 1st quarter. Avantax Advisory Services Inc. now owns 26,049 shares of the real estate investment trust’s stock worth $1,865,000 after acquiring an additional 207 shares during the last quarter. Finally, Global X Japan Co. Ltd. boosted its stake in shares of Equity Residential by 23.4% in the 2nd quarter. Global X Japan Co. Ltd. now owns 1,106 shares of the real estate investment trust’s stock valued at $75,000 after purchasing an additional 210 shares in the last quarter. Institutional investors own 92.68% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on EQR shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Equity Residential in a research report on Saturday. Evercore ISI decreased their price objective on Equity Residential from $72.00 to $71.00 and set an “outperform” rating on the stock in a report on Monday, October 13th. Scotiabank dropped their target price on Equity Residential from $77.00 to $73.00 and set a “sector perform” rating for the company in a report on Tuesday, October 14th. Cantor Fitzgerald began coverage on Equity Residential in a research note on Wednesday, October 1st. They issued an “overweight” rating and a $70.00 price target on the stock. Finally, BNP Paribas lowered Equity Residential from an “outperform” rating to a “hold” rating in a research note on Monday, September 29th. Seven research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $73.57.

Equity Residential Price Performance

Shares of EQR stock opened at $63.43 on Friday. 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 has a fifty-two week low of $59.41 and a fifty-two week high of $78.32. The firm has a market cap of $24.23 billion, a P/E ratio of 23.94, a P/E/G ratio of 3.22 and a beta of 0.90. The business’s 50 day moving average price is $64.24 and its 200-day moving average price is $66.50.

Equity Residential (NYSE:EQR) last announced its earnings results on Monday, August 4th. The real estate investment trust reported $0.99 EPS for the quarter, meeting analysts’ consensus estimates of $0.99. The company had revenue of $768.83 million during the quarter, compared to the consensus estimate of $770.60 million. Equity Residential had a return on equity of 9.05% and a net margin of 33.22%.The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the company 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. On average, equities research analysts anticipate that Equity Residential will post 3.98 earnings per share for the current year.

Equity Residential Dividend Announcement

The business also recently announced 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 of this dividend was Thursday, September 25th. This represents a $2.77 dividend on an annualized basis and a dividend yield of 4.4%. Equity Residential’s payout ratio is presently 104.53%.

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.