Stevens Capital Management LP Makes New $666,000 Investment in Equity Residential $EQR

Stevens Capital Management LP acquired a new stake in Equity Residential (NYSE:EQR) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 9,870 shares of the real estate investment trust’s stock, valued at approximately $666,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in Equity Residential by 0.6% during the second quarter. Vanguard Group Inc. now owns 56,316,304 shares of the real estate investment trust’s stock worth $3,800,787,000 after acquiring an additional 315,370 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Equity Residential by 5.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 20,711,588 shares of the real estate investment trust’s stock valued at $1,482,537,000 after acquiring an additional 1,101,027 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Equity Residential by 1.4% during the second quarter. Geode Capital Management LLC now owns 9,884,977 shares of the real estate investment trust’s stock valued at $664,662,000 after purchasing an additional 137,533 shares during the period. Invesco Ltd. lifted its position in shares of Equity Residential by 1.7% during the first quarter. Invesco Ltd. now owns 6,634,446 shares of the real estate investment trust’s stock worth $474,894,000 after purchasing an additional 112,004 shares in the last quarter. Finally, Resolution Capital Ltd boosted its stake in shares of Equity Residential by 3.8% in the first quarter. Resolution Capital Ltd now owns 5,077,065 shares of the real estate investment trust’s stock valued at $363,416,000 after purchasing an additional 185,876 shares during the period. Institutional investors and hedge funds own 92.68% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on EQR. Wells Fargo & Company lowered their price objective on Equity Residential from $68.00 to $62.00 and set an “equal weight” rating for the company in a research note on Monday, November 10th. Barclays reduced 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. BNP Paribas cut shares of Equity Residential from an “outperform” rating to a “hold” rating in a report on Monday, September 29th. Evercore ISI reduced their price objective on shares of Equity Residential from $70.00 to $68.00 and set an “outperform” rating on the stock in a research note on Monday, November 3rd. Finally, Cantor Fitzgerald initiated coverage on shares of Equity Residential in a report on Wednesday, October 1st. They set an “overweight” rating and a $70.00 price objective for the company. Eight 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 company presently has a consensus rating of “Hold” and a consensus price target of $70.83.

Equity Residential Price Performance

Shares of EQR opened at $60.53 on Friday. The firm has a market capitalization of $23.03 billion, a price-to-earnings ratio of 19.98, a price-to-earnings-growth ratio of 2.99 and a beta of 0.88. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.17 and a current ratio of 0.45. Equity Residential has a one year low of $58.38 and a one year high of $78.32. The stock’s fifty day moving average is $62.01 and its 200-day moving average is $65.31.

Equity Residential (NYSE:EQR) last announced 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 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 quarter in the previous 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. Equities analysts anticipate that Equity Residential will post 3.98 EPS for the current year.

Equity Residential Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Thursday, September 25th were issued 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 dividend payout ratio (DPR) is presently 91.42%.

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.