Equity Residential $EQR Shares Purchased by Global Wealth Management Investment Advisory Inc.

Global Wealth Management Investment Advisory Inc. increased its holdings in shares of Equity Residential (NYSE:EQR) by 10.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,747 shares of the real estate investment trust’s stock after buying an additional 1,333 shares during the quarter. Global Wealth Management Investment Advisory Inc.’s holdings in Equity Residential were worth $928,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. CVA Family Office LLC boosted its holdings in Equity Residential by 425.3% in the second quarter. CVA Family Office LLC now owns 415 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 336 shares in the last quarter. GKV Capital Management Co. Inc. acquired a new stake in Equity Residential in the 1st quarter worth approximately $37,000. FNY Investment Advisers LLC grew its position in Equity Residential by 1,000.0% during the 2nd quarter. FNY Investment Advisers LLC now owns 660 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 600 shares during the last quarter. Keystone Global Partners LLC acquired a new position in Equity Residential during the 1st quarter valued at approximately $47,000. Finally, Zions Bancorporation National Association UT acquired a new position in Equity Residential during the 1st quarter valued at approximately $48,000. 92.68% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Jefferies Financial Group lowered their price objective on shares of Equity Residential from $70.00 to $68.00 and set a “hold” rating for the company in a research note on Monday, October 13th. Scotiabank dropped their price target on Equity Residential from $73.00 to $66.00 and set a “sector perform” rating on the stock in a research note on Tuesday, November 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Equity Residential in a report on Wednesday, October 8th. Morgan Stanley decreased their target price on Equity Residential from $76.50 to $75.00 and set an “equal weight” rating for the company in a report on Wednesday, August 13th. Finally, Stifel Nicolaus set a $79.75 target price on Equity Residential in a research report on Wednesday, October 29th. Seven analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, Equity Residential has a consensus rating of “Hold” and a consensus price target of $72.45.

Equity Residential Stock Performance

Shares of EQR stock opened at $59.68 on Friday. Equity Residential has a 52-week low of $58.38 and a 52-week high of $78.32. The company has a quick ratio of 0.17, a current ratio of 0.45 and a debt-to-equity ratio of 0.75. The stock has a market cap of $22.71 billion, a PE ratio of 19.70, a price-to-earnings-growth ratio of 2.99 and a beta of 0.88. The business has a 50-day simple moving average of $63.29 and a 200-day simple moving average of $66.01.

Equity Residential (NYSE:EQR) last posted its earnings results on Tuesday, October 28th. The real estate investment trust reported $1.02 EPS for the quarter, hitting the consensus estimate of $1.02. The firm had revenue of $782.41 million for the quarter, compared to analyst estimates of $779.68 million. Equity Residential had a return on equity of 10.30% and a net margin of 37.58%.During the same period last year, the company earned $0.98 earnings per share. Equity Residential has set its Q4 2025 guidance at 1.020-1.060 EPS. FY 2025 guidance at 3.980-4.020 EPS. On average, equities analysts expect that Equity Residential will post 3.98 EPS for the current year.

Equity Residential Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Thursday, September 25th were paid a $0.6925 dividend. This represents a $2.77 annualized dividend and a dividend yield of 4.6%. The ex-dividend date was Thursday, September 25th. Equity Residential’s payout ratio is currently 91.42%.

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.