US Bancorp DE Purchases 1,873 Shares of Equity Residential $EQR

US Bancorp DE raised its position in shares of Equity Residential (NYSE:EQR) by 5.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,094 shares of the real estate investment trust’s stock after acquiring an additional 1,873 shares during the period. US Bancorp DE’s holdings in Equity Residential were worth $2,301,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. TCW Group Inc. boosted its holdings in Equity Residential by 40.4% during the first quarter. TCW Group Inc. now owns 83,417 shares of the real estate investment trust’s stock valued at $5,971,000 after acquiring an additional 23,997 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in Equity Residential by 6.3% during the first quarter. Sequoia Financial Advisors LLC now owns 3,246 shares of the real estate investment trust’s stock valued at $232,000 after acquiring an additional 191 shares during the period. U.S. Capital Wealth Advisors LLC boosted its holdings in Equity Residential by 39.1% during the first quarter. U.S. Capital Wealth Advisors LLC now owns 86,203 shares of the real estate investment trust’s stock valued at $6,170,000 after acquiring an additional 24,232 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Equity Residential by 11.0% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 845,820 shares of the real estate investment trust’s stock valued at $60,544,000 after acquiring an additional 83,788 shares during the period. Finally, PNC Financial Services Group Inc. boosted its holdings in Equity Residential by 9.0% during the first quarter. PNC Financial Services Group Inc. now owns 54,271 shares of the real estate investment trust’s stock valued at $3,885,000 after acquiring an additional 4,499 shares during the period. 92.68% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Wall Street Zen cut shares of Equity Residential from a “hold” rating to a “sell” rating in a report on Friday, September 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of Equity Residential in a research note on Wednesday, October 8th. The Goldman Sachs Group reduced their target price on shares of Equity Residential from $72.00 to $70.00 and set a “neutral” rating for the company in a research note on Wednesday, September 17th. Truist Financial reduced 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 note on Friday, August 29th. Finally, 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. Seven research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $74.25.

Equity Residential Price Performance

Shares of Equity Residential stock opened at $62.14 on Thursday. Equity Residential has a 1-year low of $59.41 and a 1-year 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. The firm’s 50-day moving average price is $64.33 and its two-hundred day moving average price is $66.69. The stock has a market capitalization of $23.73 billion, a price-to-earnings ratio of 23.45, a P/E/G ratio of 3.16 and a beta of 0.90.

Equity Residential (NYSE:EQR) last released its quarterly earnings results on Monday, August 4th. The real estate investment trust reported $0.99 EPS for the quarter, meeting the consensus estimate 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 for the quarter, compared to analysts’ expectations of $770.60 million. During the same period in the prior year, the firm earned $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. On average, equities analysts predict that Equity Residential will post 3.98 earnings per share for the current fiscal year.

Equity Residential Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Thursday, September 25th were paid a $0.6925 dividend. The ex-dividend date of this dividend was Thursday, September 25th. This represents a $2.77 dividend on an annualized basis and a yield of 4.5%. Equity Residential’s dividend payout ratio (DPR) 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.