HB Wealth Management LLC Increases Holdings in Equity Residential $EQR

HB Wealth Management LLC boosted its stake in shares of Equity Residential (NYSE:EQR) by 25.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,545 shares of the real estate investment trust’s stock after buying an additional 1,141 shares during the period. HB Wealth Management LLC’s holdings in Equity Residential were worth $374,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. GKV Capital Management Co. Inc. purchased a new stake in shares of Equity Residential in the first quarter valued at about $37,000. Keystone Global Partners LLC acquired a new position in Equity Residential in the 1st quarter valued at about $47,000. Zions Bancorporation National Association UT acquired a new position in Equity Residential in the 1st quarter valued at about $48,000. Beaird Harris Wealth Management LLC purchased a new stake in shares of Equity Residential in the 1st quarter valued at approximately $56,000. Finally, Larson Financial Group LLC raised its position in shares of Equity Residential by 215.4% during the 1st quarter. Larson Financial Group LLC now owns 817 shares of the real estate investment trust’s stock valued at $58,000 after buying an additional 558 shares during the period. 92.68% of the stock is owned by institutional investors and hedge funds.

Equity Residential Stock Performance

NYSE:EQR opened at $63.32 on Monday. Equity Residential has a 52 week low of $59.41 and a 52 week high of $78.32. The company has a fifty day simple moving average of $64.68 and a two-hundred day simple moving average of $67.13. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.75. The company has a market cap of $24.18 billion, a price-to-earnings ratio of 23.89, a price-to-earnings-growth ratio of 3.25 and a beta of 0.90.

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, meeting 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 during the quarter, compared to analyst estimates of $770.60 million. During the same period last year, the business posted $0.97 earnings per share. Equity Residential’s revenue was up 4.7% compared to the same quarter last year. 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, equities analysts anticipate that Equity Residential will post 3.98 earnings per share for the current fiscal year.

Equity Residential Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Thursday, September 25th will be issued a $0.6925 dividend. The ex-dividend date of this dividend is Thursday, September 25th. This represents a $2.77 annualized dividend and a yield of 4.4%. Equity Residential’s dividend payout ratio (DPR) is 104.53%.

Analyst Ratings Changes

EQR has been the subject of several analyst reports. Barclays lowered their price objective on Equity Residential from $81.00 to $80.00 and set an “overweight” rating for the company in a research report on Tuesday, September 30th. Cantor Fitzgerald started coverage on Equity Residential in a report on Wednesday, October 1st. They set an “overweight” rating and a $70.00 price target for the company. Stifel Nicolaus set a $80.50 price objective on shares of Equity Residential and gave the company a “buy” rating in a report on Tuesday, August 5th. Wells Fargo & Company decreased their target price 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. Finally, Morgan Stanley lowered their target price on shares of Equity Residential from $76.50 to $75.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 13th. Seven investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, Equity Residential presently has a consensus rating of “Hold” and an average target price of $74.32.

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.