New York Life Investment Management LLC Has $3.45 Million Stake in Equity Residential $EQR

New York Life Investment Management LLC lifted its stake in shares of Equity Residential (NYSE:EQR) by 1.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 51,121 shares of the real estate investment trust’s stock after buying an additional 675 shares during the quarter. New York Life Investment Management LLC’s holdings in Equity Residential were worth $3,450,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Nuveen LLC acquired a new stake in Equity Residential in the 1st quarter valued at $165,442,000. Price T Rowe Associates Inc. MD grew its position in Equity Residential by 5.6% in the 1st 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 purchasing an additional 1,101,027 shares during the period. National Bank of Canada FI grew its position in Equity Residential by 190.9% in the 1st 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 purchasing an additional 442,584 shares during the period. Eventide Asset Management LLC acquired a new stake in Equity Residential in the 1st quarter valued at $27,944,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Equity Residential in the 2nd quarter valued at $26,129,000. Institutional investors and hedge funds own 92.68% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Royal Bank Of Canada reduced their price target on shares of Equity Residential from $72.00 to $70.00 and set an “outperform” rating for the company in a research report on Thursday. JPMorgan Chase & Co. reduced their price target on shares of Equity Residential from $76.00 to $75.00 in a research report on Tuesday, September 16th. Cantor Fitzgerald assumed coverage on shares of Equity Residential in a research report on Wednesday, October 1st. They issued an “overweight” rating and a $70.00 price target for the company. BNP Paribas downgraded shares of Equity Residential from an “outperform” rating to a “hold” rating in a research report on Monday, September 29th. Finally, Evercore ISI dropped their price objective on Equity Residential from $72.00 to $71.00 and set an “outperform” rating on the stock in a research note on Monday, October 13th. Seven investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, Equity Residential currently has an average rating of “Hold” and a consensus price target of $73.12.

Equity Residential Price Performance

Shares of NYSE:EQR opened at $60.32 on Friday. 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 stock’s fifty day simple moving average is $64.00 and its two-hundred day simple moving average is $66.37. Equity Residential has a 1-year low of $58.51 and a 1-year high of $78.32. The stock has a market cap of $23.04 billion, a PE ratio of 19.91, a price-to-earnings-growth ratio of 2.99 and a beta of 0.90.

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

Equity Residential Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 10th. Stockholders 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 4.6%. The ex-dividend date was Thursday, September 25th. Equity Residential’s payout ratio 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.