Parallel Advisors LLC Has $263,000 Holdings in Equity Residential $EQR

Parallel Advisors LLC lessened its holdings in Equity Residential (NYSE:EQR) by 12.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,899 shares of the real estate investment trust’s stock after selling 556 shares during the period. Parallel Advisors LLC’s holdings in Equity Residential were worth $263,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Versant Capital Management Inc lifted its stake in shares of Equity Residential by 51.6% in the 1st quarter. Versant Capital Management Inc now owns 461 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 157 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in Equity Residential by 27.6% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 740 shares of the real estate investment trust’s stock worth $53,000 after acquiring an additional 160 shares during the last quarter. Greenleaf Trust lifted its position in Equity Residential by 4.4% during the 1st quarter. Greenleaf Trust now owns 3,858 shares of the real estate investment trust’s stock worth $276,000 after acquiring an additional 162 shares during the last quarter. Brown Advisory Inc. lifted its position in Equity Residential by 1.6% during the 1st quarter. Brown Advisory Inc. now owns 10,733 shares of the real estate investment trust’s stock worth $768,000 after acquiring an additional 166 shares during the last quarter. Finally, Avior Wealth Management LLC lifted its position in Equity Residential by 2.9% during the 1st quarter. Avior Wealth Management LLC now owns 6,283 shares of the real estate investment trust’s stock worth $450,000 after acquiring an additional 177 shares during the last quarter. Institutional investors and hedge funds own 92.68% of the company’s stock.

Wall Street Analyst Weigh In

EQR has been the subject of a number of research analyst reports. Wall Street Zen raised shares of Equity Residential from a “sell” rating to a “hold” rating in a research report on Friday, September 5th. UBS Group cut their target price on shares of Equity Residential from $84.00 to $76.00 and set a “buy” rating for the company in a research report on Tuesday, July 15th. Truist Financial cut their target price on shares of Equity Residential from $78.00 to $75.00 and set a “buy” rating for the company in a research report on Friday, August 29th. Stifel Nicolaus set a $80.50 target price on shares of Equity Residential and gave the stock a “buy” rating in a research report on Tuesday, August 5th. Finally, JPMorgan Chase & Co. cut their target price on shares of Equity Residential from $76.00 to $75.00 in a research report on Tuesday, September 16th. Six investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $75.25.

Equity Residential Price Performance

Shares of Equity Residential stock opened at $65.16 on Monday. 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 stock has a market capitalization of $24.88 billion, a price-to-earnings ratio of 24.59, a P/E/G ratio of 3.30 and a beta of 0.93. Equity Residential has a 1-year low of $59.41 and a 1-year high of $78.32. The firm’s 50-day moving average price is $65.27 and its two-hundred day moving average price is $67.51.

Equity Residential (NYSE:EQR) last issued its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $0.99 earnings per share for the quarter, hitting the consensus estimate of $0.99. The firm had revenue of $768.83 million for the quarter, compared to analysts’ expectations of $770.60 million. Equity Residential had a net margin of 33.22% and a return on equity of 9.05%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $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, equities analysts predict that Equity Residential will post 3.98 earnings per share for the current fiscal year.

Equity Residential Dividend Announcement

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

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.