HighTower Advisors LLC Purchases 769 Shares of Equity Residential $EQR

HighTower Advisors LLC raised its position in shares of Equity Residential (NYSE:EQR) by 5.8% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,035 shares of the real estate investment trust’s stock after purchasing an additional 769 shares during the quarter. HighTower Advisors LLC’s holdings in Equity Residential were worth $1,005,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its stake in Equity Residential by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 56,000,934 shares of the real estate investment trust’s stock valued at $4,008,547,000 after purchasing an additional 199,943 shares in the last quarter. Invesco Ltd. increased its stake in Equity Residential by 1.7% during the 1st quarter. Invesco Ltd. now owns 6,634,446 shares of the real estate investment trust’s stock valued at $474,894,000 after purchasing an additional 112,004 shares in the last quarter. Northern Trust Corp increased its stake in Equity Residential by 53.1% during the 4th quarter. Northern Trust Corp now owns 6,476,004 shares of the real estate investment trust’s stock valued at $464,718,000 after purchasing an additional 2,246,555 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Equity Residential by 8.3% during the 1st quarter. JPMorgan Chase & Co. now owns 4,560,478 shares of the real estate investment trust’s stock valued at $326,439,000 after purchasing an additional 350,095 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Equity Residential by 5.6% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,497,831 shares of the real estate investment trust’s stock worth $322,764,000 after acquiring an additional 238,686 shares during the period. 92.68% of the stock is currently owned by institutional investors.

Equity Residential Stock Performance

Shares of NYSE EQR opened at $64.57 on Wednesday. The firm has a 50 day moving average of $65.88 and a 200 day moving average of $68.37. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $24.66 billion, a price-to-earnings ratio of 24.37, a price-to-earnings-growth ratio of 3.29 and a beta of 0.92. Equity Residential has a 12-month low of $59.41 and a 12-month high of $78.83.

Equity Residential (NYSE:EQR) last announced its earnings results on Monday, August 4th. The real estate investment trust reported $0.99 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.99. The company had revenue of $768.83 million during the quarter, compared to analyst estimates of $770.60 million. Equity Residential had a net margin of 33.22% and a return on equity of 9.05%. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.97 earnings per share. Equity Residential has set its FY 2025 guidance at 3.970-4.030 EPS. Q3 2025 guidance at 0.990-1.030 EPS. On average, research analysts anticipate that Equity Residential will post 3.98 earnings per share for the current year.

Equity Residential Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 11th. Investors of record on Tuesday, June 24th were given a dividend of $0.6925 per share. This represents a $2.77 annualized dividend and a yield of 4.3%. The ex-dividend date was Tuesday, June 24th. Equity Residential’s payout ratio is 104.53%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on EQR shares. Evercore ISI reduced their price target on shares of Equity Residential from $72.00 to $71.00 and set an “outperform” rating for the company in a research note on Tuesday, August 12th. Scotiabank reduced their price target on shares of Equity Residential from $78.00 to $77.00 and set a “sector perform” rating for the company in a research note on Thursday, August 14th. Wall Street Zen lowered shares of Equity Residential from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Stifel Nicolaus set a $80.50 price target on shares of Equity Residential and gave the stock a “buy” rating in a research note on Tuesday, August 5th. Finally, Royal Bank Of Canada lifted their price target on shares of Equity Residential from $75.00 to $76.00 and gave the stock an “outperform” rating in a research note on Thursday, May 1st. Eight analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $77.78.

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.