Intech Investment Management LLC Increases Stock Position in Equity Residential $EQR

Intech Investment Management LLC raised its position in Equity Residential (NYSE:EQR) by 103.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,420 shares of the real estate investment trust’s stock after acquiring an additional 5,796 shares during the quarter. Intech Investment Management LLC’s holdings in Equity Residential were worth $771,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of EQR. CVA Family Office LLC grew its stake in shares of Equity Residential by 425.3% in the second quarter. CVA Family Office LLC now owns 415 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 336 shares during the last quarter. GKV Capital Management Co. Inc. purchased a new stake in Equity Residential in the 1st quarter worth approximately $37,000. FNY Investment Advisers LLC lifted its holdings in Equity Residential by 1,000.0% in the 2nd quarter. FNY Investment Advisers LLC now owns 660 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 600 shares during the period. Keystone Global Partners LLC bought a new stake in shares of Equity Residential in the 1st quarter worth approximately $47,000. Finally, Zions Bancorporation National Association UT purchased a new position in shares of Equity Residential during the first quarter valued at approximately $48,000. 92.68% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Scotiabank dropped their price target on Equity Residential from $73.00 to $66.00 and set a “sector perform” rating for the company in a research note on Tuesday, November 4th. JPMorgan Chase & Co. dropped their target price on shares of Equity Residential from $76.00 to $75.00 in a research report on Tuesday, September 16th. BNP Paribas cut shares of Equity Residential from an “outperform” rating to a “hold” rating in a research report on Monday, September 29th. Cantor Fitzgerald began coverage on shares of Equity Residential in a research note on Wednesday, October 1st. They issued an “overweight” rating and a $70.00 price target for the company. Finally, BMO Capital Markets cut their price objective on Equity Residential from $75.00 to $70.00 and set an “outperform” rating on the stock in a research report on Monday, November 17th. Eight investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $70.27.

Equity Residential Trading Up 0.9%

Shares of NYSE EQR opened at $61.64 on Thursday. Equity Residential has a 1 year low of $58.38 and a 1 year high of $78.32. The stock has a market cap of $23.45 billion, a P/E ratio of 20.34, a price-to-earnings-growth ratio of 2.99 and a beta of 0.88. The firm has a 50-day moving average of $61.78 and a 200 day moving average of $65.09. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.45 and a quick ratio of 0.17.

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

Equity Residential Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Thursday, September 25th were paid a $0.6925 dividend. The ex-dividend date was Thursday, September 25th. This represents a $2.77 annualized dividend and a dividend yield of 4.5%. Equity Residential’s dividend payout ratio is presently 91.42%.

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.