Equity Residential $EQR Shares Purchased by TD Private Client Wealth LLC

TD Private Client Wealth LLC lifted its holdings in Equity Residential (NYSE:EQR) by 26.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,688 shares of the real estate investment trust’s stock after acquiring an additional 566 shares during the quarter. TD Private Client Wealth LLC’s holdings in Equity Residential were worth $181,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in EQR. Versant Capital Management Inc increased its stake in shares of 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 during the period. GKV Capital Management Co. Inc. acquired a new stake in Equity Residential during the first quarter valued at $37,000. Keystone Global Partners LLC acquired a new stake in Equity Residential during the first quarter valued at $47,000. Zions Bancorporation National Association UT acquired a new stake in Equity Residential during the first quarter valued at $48,000. Finally, MassMutual Private Wealth & Trust FSB grew its position in Equity Residential by 27.6% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 740 shares of the real estate investment trust’s stock valued at $53,000 after buying an additional 160 shares during the period. Institutional investors and hedge funds own 92.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on EQR. Wells Fargo & Company dropped their price target on shares of Equity Residential from $75.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 27th. Morgan Stanley dropped their price target on shares of Equity Residential from $76.50 to $75.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 13th. JPMorgan Chase & Co. dropped their price target on shares of Equity Residential from $76.00 to $75.00 in a research report on Tuesday, September 16th. Truist Financial dropped their price target on shares of Equity Residential from $78.00 to $75.00 and set a “buy” rating on the stock in a research report on Friday, August 29th. Finally, Scotiabank dropped their price target on shares of Equity Residential from $78.00 to $77.00 and set a “sector perform” rating on the stock in a research report on Thursday, August 14th. Six analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $74.73.

Equity Residential Price Performance

Shares of EQR opened at $64.55 on Monday. Equity Residential has a 1-year low of $59.41 and a 1-year high of $78.32. The stock has a market cap of $24.65 billion, a PE ratio of 24.36, a P/E/G ratio of 3.31 and a beta of 0.93. The firm has a 50-day simple moving average of $65.06 and a two-hundred day simple moving average of $67.33. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.17 and a quick ratio of 0.17.

Equity Residential (NYSE:EQR) last announced its quarterly earnings results on Monday, August 4th. The real estate investment trust reported $0.99 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.99. Equity Residential had a net margin of 33.22% and a return on equity of 9.05%. The business had revenue of $768.83 million during the quarter, compared to analysts’ expectations of $770.60 million. During the same period last year, the business earned $0.97 earnings per share. The business’s revenue for the quarter 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, analysts forecast that Equity Residential will post 3.98 EPS for the current year.

Equity Residential Announces Dividend

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

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.