Equity Residential $EQR Shares Sold by Candriam S.C.A.

Candriam S.C.A. lessened its stake in Equity Residential (NYSE:EQR) by 7.9% during the second quarter, HoldingsChannel.com reports. The firm owned 38,216 shares of the real estate investment trust’s stock after selling 3,280 shares during the period. Candriam S.C.A.’s holdings in Equity Residential were worth $2,579,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Avantax Advisory Services Inc. increased its holdings in Equity Residential by 0.8% in the first quarter. Avantax Advisory Services Inc. now owns 26,049 shares of the real estate investment trust’s stock valued at $1,865,000 after buying an additional 207 shares during the last quarter. Global X Japan Co. Ltd. grew its position 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 worth $75,000 after acquiring an additional 210 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of Equity Residential by 3.1% in the 1st quarter. Empowered Funds LLC now owns 7,489 shares of the real estate investment trust’s stock valued at $536,000 after acquiring an additional 226 shares during the last quarter. Horizon Investments LLC increased its holdings in shares of Equity Residential by 5.0% in the 1st quarter. Horizon Investments LLC now owns 4,945 shares of the real estate investment trust’s stock valued at $354,000 after acquiring an additional 234 shares during the last quarter. Finally, Modera Wealth Management LLC raised its position in shares of Equity Residential by 7.2% during the 1st quarter. Modera Wealth Management LLC now owns 3,548 shares of the real estate investment trust’s stock valued at $254,000 after acquiring an additional 237 shares in the last quarter. Institutional investors own 92.68% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on EQR. Wall Street Zen raised shares of Equity Residential from a “sell” rating to a “hold” rating in a report on Monday, November 3rd. Jefferies Financial Group decreased their price target on shares of Equity Residential from $68.00 to $65.00 and set a “hold” rating for the company in a report on Tuesday, November 11th. JPMorgan Chase & Co. lowered their price objective on shares of Equity Residential from $76.00 to $75.00 in a research report on Tuesday, September 16th. Morgan Stanley dropped their price objective on shares of Equity Residential from $75.00 to $73.50 and set an “equal weight” rating on the stock in a research note on Thursday. Finally, Barclays decreased their target price on Equity Residential from $81.00 to $80.00 and set an “overweight” rating for the company in a research note on Tuesday, September 30th. Seven research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $71.22.

Equity Residential Stock Performance

EQR opened at $59.42 on Monday. The company has a current ratio of 0.45, a quick ratio of 0.17 and a debt-to-equity ratio of 0.75. The business’s 50 day moving average is $62.72 and its 200-day moving average is $65.65. The stock has a market cap of $22.61 billion, a PE ratio of 19.61, a price-to-earnings-growth ratio of 2.99 and a beta of 0.88. Equity Residential has a twelve month low of $58.38 and a twelve month high of $78.32.

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, meeting the consensus estimate of $1.02. The firm had revenue of $782.41 million for the quarter, compared to analysts’ expectations 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 firm earned $0.98 EPS. 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, analysts predict that Equity Residential will post 3.98 earnings per share for the current year.

Equity Residential Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 4.7%. 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.