Resona Asset Management Co. Ltd. Sells 11,197 Shares of Equity Residential $EQR

Resona Asset Management Co. Ltd. trimmed its position in Equity Residential (NYSE:EQR) by 5.5% during the 2nd quarter, HoldingsChannel reports. The firm owned 192,600 shares of the real estate investment trust’s stock after selling 11,197 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Equity Residential were worth $12,979,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in EQR. Nuveen LLC bought a new position in shares of Equity Residential in the 1st quarter worth approximately $165,442,000. Price T Rowe Associates Inc. MD grew its position in Equity Residential by 5.6% during 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 buying an additional 1,101,027 shares during the period. National Bank of Canada FI grew its position in Equity Residential by 190.9% during the first quarter. National Bank of Canada FI now owns 674,373 shares of the real estate investment trust’s stock valued at $48,272,000 after buying an additional 442,584 shares during the period. Eventide Asset Management LLC purchased a new stake in Equity Residential during the first quarter valued at approximately $27,944,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Equity Residential in the second quarter worth approximately $26,129,000. 92.68% of the stock is currently owned by institutional investors.

Equity Residential Price Performance

Shares of Equity Residential stock opened at $59.68 on Friday. The company has a market capitalization of $22.71 billion, a price-to-earnings ratio of 19.70, a PEG ratio of 2.99 and a beta of 0.88. 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’s 50-day simple moving average is $63.29 and its 200-day simple moving average is $66.03. Equity Residential has a 52 week low of $58.38 and a 52 week high of $78.32.

Equity Residential (NYSE:EQR) last released its earnings results on Tuesday, October 28th. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.02. Equity Residential had a return on equity of 10.30% and a net margin of 37.58%.The firm had revenue of $782.41 million during the quarter, compared to analysts’ expectations of $779.68 million. During the same quarter last year, the business posted $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. As a group, analysts expect that Equity Residential will post 3.98 earnings per share for the current fiscal year.

Equity Residential Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 10th. Stockholders 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 of this dividend was Thursday, September 25th. Equity Residential’s payout ratio is 91.42%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. BNP Paribas Exane downgraded shares of Equity Residential from an “outperform” rating to a “neutral” rating in a research report on Monday, September 29th. JPMorgan Chase & Co. lowered their target price on Equity Residential from $76.00 to $75.00 in a research report on Tuesday, September 16th. UBS Group cut their price target on Equity Residential from $84.00 to $76.00 and set a “buy” rating for the company in a report on Tuesday, July 15th. Morgan Stanley reduced their price target on Equity Residential from $76.50 to $75.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 13th. Finally, BNP Paribas cut Equity Residential from an “outperform” rating to a “hold” rating in a research report on Monday, September 29th. Seven investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, Equity Residential currently has an average rating of “Hold” and an average price target of $72.45.

About Equity Residential

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.