Wealth Enhancement Advisory Services LLC Has $1.58 Million Stock Position in Equity Residential $EQR

Wealth Enhancement Advisory Services LLC grew its position in Equity Residential (NYSE:EQR) by 14.5% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 23,595 shares of the real estate investment trust’s stock after buying an additional 2,996 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Equity Residential were worth $1,578,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Swedbank AB grew its stake in shares of Equity Residential by 186.2% during the second quarter. Swedbank AB now owns 73,425 shares of the real estate investment trust’s stock worth $4,955,000 after purchasing an additional 47,771 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Equity Residential by 7.9% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 124,351 shares of the real estate investment trust’s stock worth $8,392,000 after purchasing an additional 9,147 shares during the period. Czech National Bank grew its stake in shares of Equity Residential by 6.5% during the second quarter. Czech National Bank now owns 83,584 shares of the real estate investment trust’s stock worth $5,641,000 after purchasing an additional 5,093 shares during the period. AG2R LA Mondiale Gestion D Actifs acquired a new stake in shares of Equity Residential during the first quarter worth $1,285,000. Finally, Nicola Wealth Management LTD. grew its stake in shares of Equity Residential by 33.1% during the first quarter. Nicola Wealth Management LTD. now owns 33,528 shares of the real estate investment trust’s stock worth $2,400,000 after purchasing an additional 8,330 shares during the period. 92.68% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently commented on EQR shares. Evercore ISI lifted their price objective on Equity Residential from $71.00 to $72.00 and gave the stock an “outperform” rating in a research note on Monday, September 15th. The Goldman Sachs Group decreased their price objective on Equity Residential from $72.00 to $70.00 and set a “neutral” rating for the company in a research note on Wednesday, September 17th. Barclays decreased their price objective on Equity Residential from $83.00 to $81.00 and set an “overweight” rating for the company in a research note on Tuesday, August 12th. BNP Paribas Exane cut Equity Residential from an “outperform” rating to a “neutral” rating in a research note on Monday. Finally, 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 research note on Thursday, August 14th. Six investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $74.73.

Equity Residential Stock Performance

EQR opened at $64.06 on Tuesday. Equity Residential has a 52-week low of $59.41 and a 52-week high of $78.32. The firm has a market capitalization of $24.46 billion, a PE ratio of 24.17, a PEG ratio of 3.31 and a beta of 0.93. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.17 and a current ratio of 0.17. The business’s 50-day simple moving average is $65.01 and its 200 day simple moving average is $67.29.

Equity Residential (NYSE:EQR) last released its earnings results on Monday, August 4th. The real estate investment trust reported $0.99 earnings per share (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 business had revenue of $768.83 million for the quarter, compared to analyst estimates of $770.60 million. During the same quarter in the prior year, the company posted $0.97 earnings per share. Equity Residential’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, sell-side analysts expect that Equity Residential will post 3.98 earnings per share for the current fiscal year.

Equity Residential Dividend Announcement

The firm 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. 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 payout ratio is 104.53%.

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.