Swedbank AB Boosts Stock Position in Equity Residential $EQR

Swedbank AB raised its stake in Equity Residential (NYSE:EQR) by 186.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 73,425 shares of the real estate investment trust’s stock after purchasing an additional 47,771 shares during the period. Swedbank AB’s holdings in Equity Residential were worth $4,955,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EQR. Versant Capital Management Inc boosted its holdings in Equity Residential by 51.6% in the first quarter. Versant Capital Management Inc now owns 461 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 157 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in Equity Residential by 27.6% in the first 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 in the last quarter. Greenleaf Trust boosted its holdings in Equity Residential by 4.4% in the first 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 in the last quarter. Brown Advisory Inc. boosted its holdings in Equity Residential by 1.6% in the first 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 in the last quarter. Finally, Avior Wealth Management LLC boosted its holdings in Equity Residential by 2.9% in the first 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 in the last quarter. Hedge funds and other institutional investors own 92.68% of the company’s stock.

Equity Residential Stock Performance

Equity Residential stock opened at $65.16 on Monday. The firm has a market capitalization of $24.88 billion, a P/E ratio of 24.59, a PEG ratio of 3.30 and a beta of 0.93. The stock has a fifty day moving average price of $65.27 and a 200 day moving average price of $67.51. Equity Residential has a 52 week low of $59.41 and a 52 week high of $78.32. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.75.

Equity Residential (NYSE:EQR) last announced its quarterly earnings results on Monday, August 4th. The real estate investment trust reported $0.99 EPS for the quarter, hitting the consensus estimate of $0.99. Equity Residential had a return on equity of 9.05% and a net margin of 33.22%.The company had revenue of $768.83 million during the quarter, compared to analyst estimates of $770.60 million. During the same period in the prior year, the firm posted $0.97 earnings per share. The firm’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. Equities research analysts anticipate that Equity Residential will post 3.98 earnings per share for the current year.

Equity Residential Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Thursday, September 25th will be issued 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 of this dividend is Thursday, September 25th. Equity Residential’s dividend payout ratio (DPR) is currently 104.53%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on EQR. Scotiabank decreased their target price on Equity Residential from $78.00 to $77.00 and set a “sector perform” rating for the company in a report on Thursday, August 14th. Morgan Stanley decreased their target price on Equity Residential from $76.50 to $75.00 and set an “equal weight” rating for the company in a report on Wednesday, August 13th. Barclays decreased their target price on Equity Residential from $83.00 to $81.00 and set an “overweight” rating for the company in a report on Tuesday, August 12th. Wall Street Zen raised Equity Residential from a “sell” rating to a “hold” rating in a report on Friday, September 5th. Finally, The Goldman Sachs Group decreased their target price on Equity Residential from $72.00 to $70.00 and set a “neutral” rating for the company in a report on Wednesday, September 17th. Six research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $75.25.

Equity Residential 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.