ProShare Advisors LLC Has $6.02 Million Stake in Equity Residential $EQR

ProShare Advisors LLC boosted its holdings in Equity Residential (NYSE:EQR) by 3.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 89,212 shares of the real estate investment trust’s stock after purchasing an additional 2,988 shares during the quarter. ProShare Advisors LLC’s holdings in Equity Residential were worth $6,021,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of EQR. TCW Group Inc. boosted its stake in Equity Residential by 40.4% during the 1st quarter. TCW Group Inc. now owns 83,417 shares of the real estate investment trust’s stock valued at $5,971,000 after purchasing an additional 23,997 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Equity Residential by 11.0% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 845,820 shares of the real estate investment trust’s stock valued at $60,544,000 after buying an additional 83,788 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in Equity Residential by 9.0% during the first quarter. PNC Financial Services Group Inc. now owns 54,271 shares of the real estate investment trust’s stock worth $3,885,000 after buying an additional 4,499 shares in the last quarter. Aberdeen Group plc raised its position in Equity Residential by 9.3% in the 2nd quarter. Aberdeen Group plc now owns 422,260 shares of the real estate investment trust’s stock valued at $28,498,000 after buying an additional 36,047 shares during the last quarter. Finally, Andra AP fonden lifted its stake in Equity Residential by 30.3% during the 2nd quarter. Andra AP fonden now owns 187,100 shares of the real estate investment trust’s stock valued at $12,627,000 after acquiring an additional 43,500 shares in the last quarter. Institutional investors and hedge funds own 92.68% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. JPMorgan Chase & Co. lowered their target price on shares of Equity Residential from $76.00 to $75.00 in a report on Tuesday, September 16th. Jefferies Financial Group dropped their target price on shares of Equity Residential from $70.00 to $68.00 and set a “hold” rating on the stock in a research report on Monday, October 13th. Morgan Stanley cut their target price on Equity Residential from $75.00 to $73.50 and set an “equal weight” rating on the stock in a research note on Thursday. UBS Group decreased their price target on Equity Residential from $76.00 to $68.00 and set a “buy” rating for the company in a research report on Monday. Finally, Truist Financial dropped their price target on Equity Residential from $78.00 to $75.00 and set a “buy” rating on the stock in a report on Friday, August 29th. Seven analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, Equity Residential presently has an average rating of “Hold” and an average price target of $71.42.

Equity Residential Trading Down 0.7%

Shares of EQR opened at $59.20 on Friday. Equity Residential has a fifty-two week low of $58.38 and a fifty-two week high of $78.32. The business has a 50-day moving average of $62.86 and a 200 day moving average of $65.77. The firm has a market cap of $22.53 billion, a P/E ratio of 19.54, 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 (NYSE:EQR) last posted its earnings results on Tuesday, October 28th. The real estate investment trust reported $1.02 earnings per share for the quarter, hitting the consensus estimate of $1.02. Equity Residential had a net margin of 37.58% and a return on equity of 10.30%. The firm had revenue of $782.41 million during the quarter, compared to the consensus estimate of $779.68 million. During the same quarter 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. As a group, research analysts forecast that Equity Residential will post 3.98 EPS for the current year.

Equity Residential Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Thursday, September 25th were given a dividend of $0.6925 per share. The ex-dividend date was Thursday, September 25th. This represents a $2.77 annualized dividend and a dividend yield of 4.7%. Equity Residential’s dividend payout ratio is currently 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.