Equity Residential $EQR Shares Purchased by Czech National Bank

Czech National Bank increased its holdings in shares of Equity Residential (NYSE:EQR) by 6.5% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 83,584 shares of the real estate investment trust’s stock after purchasing an additional 5,093 shares during the quarter. Czech National Bank’s holdings in Equity Residential were worth $5,641,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in EQR. Nuveen LLC bought a new position in Equity Residential during the first quarter worth $165,442,000. Price T Rowe Associates Inc. MD grew its holdings 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 worth $1,482,537,000 after acquiring an additional 1,101,027 shares during the period. GAMMA Investing LLC increased its stake in Equity Residential by 7,177.2% in the 1st quarter. GAMMA Investing LLC now owns 506,930 shares of the real estate investment trust’s stock worth $36,286,000 after purchasing an additional 499,964 shares in the last quarter. National Bank of Canada FI increased its stake 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 worth $48,272,000 after purchasing an additional 442,584 shares in the last quarter. Finally, Eventide Asset Management LLC acquired a new stake in Equity Residential during the 1st quarter worth about $27,944,000. 92.68% of the stock is currently owned by hedge funds and other institutional investors.

Equity Residential Price Performance

Equity Residential stock opened at $64.89 on Friday. The stock’s fifty day moving average price is $65.30 and its two-hundred day moving average price is $67.64. Equity Residential has a one year low of $59.41 and a one year high of $78.32. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.17 and a quick ratio of 0.17. The firm has a market cap of $24.78 billion, a PE ratio of 24.49, a price-to-earnings-growth ratio of 3.28 and a beta of 0.93.

Equity Residential (NYSE:EQR) last posted its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $0.99 EPS for the quarter, hitting analysts’ consensus estimates of $0.99. Equity Residential had a return on equity of 9.05% and a net margin of 33.22%.The firm had revenue of $768.83 million for the quarter, compared to analyst estimates of $770.60 million. During the same quarter last year, the company earned $0.97 EPS. The company’s revenue was up 4.7% on a year-over-year basis. Equity Residential has set its FY 2025 guidance at 3.970-4.030 EPS. Q3 2025 guidance at 0.990-1.030 EPS. As a group, research analysts expect that Equity Residential will post 3.98 EPS for the current fiscal year.

Equity Residential Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Thursday, September 25th will be paid a dividend of $0.6925 per share. This represents a $2.77 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Thursday, September 25th. Equity Residential’s dividend payout ratio (DPR) is 104.53%.

Analyst Ratings Changes

EQR has been the subject of several research reports. Barclays reduced their price target on Equity Residential from $83.00 to $81.00 and set an “overweight” rating for the company in a report on Tuesday, August 12th. Evercore ISI boosted their price target on Equity Residential from $71.00 to $72.00 and gave the company an “outperform” rating in a research note on Monday. UBS Group reduced their price objective on Equity Residential from $84.00 to $76.00 and set a “buy” rating on the stock in a research note on Tuesday, July 15th. JPMorgan Chase & Co. reduced their price objective on Equity Residential from $76.00 to $75.00 in a research note on Tuesday. Finally, Scotiabank reduced their price objective on Equity Residential from $78.00 to $77.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 14th. Six equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, Equity Residential currently has a consensus rating of “Hold” and a consensus target price of $75.25.

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.