Sequoia Financial Advisors LLC Buys 1,276 Shares of Equity Residential $EQR

Sequoia Financial Advisors LLC raised its stake in Equity Residential (NYSE:EQR) by 39.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,522 shares of the real estate investment trust’s stock after acquiring an additional 1,276 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Equity Residential were worth $305,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Greenleaf Trust lifted its holdings in shares of 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 during the last quarter. Brown Advisory Inc. lifted its holdings in shares of 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 during the last quarter. Avantax Advisory Services Inc. lifted its holdings in shares of Equity Residential by 0.8% in the first quarter. Avantax Advisory Services Inc. now owns 26,049 shares of the real estate investment trust’s stock worth $1,865,000 after acquiring an additional 207 shares during the last quarter. Global X Japan Co. Ltd. lifted its holdings in shares of Equity Residential by 23.4% in the second quarter. Global X Japan Co. Ltd. now owns 1,106 shares of the real estate investment trust’s stock worth $75,000 after acquiring an additional 210 shares during the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of Equity Residential by 21.5% in the first quarter. Blue Trust Inc. now owns 1,200 shares of the real estate investment trust’s stock worth $86,000 after acquiring an additional 212 shares during the last quarter. Institutional investors own 92.68% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on EQR. Cantor Fitzgerald assumed coverage on shares of Equity Residential in a report on Wednesday, October 1st. They issued an “overweight” rating and a $70.00 target price for the company. Scotiabank dropped their price objective on shares of Equity Residential from $77.00 to $73.00 and set a “sector perform” rating for the company in a report on Tuesday, October 14th. BNP Paribas Exane lowered shares of Equity Residential from an “outperform” rating to a “neutral” rating in a report on Monday, September 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Equity Residential in a report on Wednesday, October 8th. Finally, Wells Fargo & Company dropped their price objective on shares of Equity Residential from $75.00 to $68.00 and set an “equal weight” rating for the company in a report on Wednesday, August 27th. Seven research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, Equity Residential presently has an average rating of “Hold” and a consensus price target of $73.57.

Equity Residential Stock Up 1.4%

Equity Residential stock opened at $63.70 on Thursday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.17 and a current ratio of 0.17. Equity Residential has a 52-week low of $59.41 and a 52-week high of $78.32. The firm has a 50 day moving average price of $64.26 and a two-hundred day moving average price of $66.45. The firm has a market cap of $24.33 billion, a price-to-earnings ratio of 24.04, a PEG ratio of 3.19 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 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.99. Equity Residential had a net margin of 33.22% and a return on equity of 9.05%. The firm had revenue of $768.83 million during the quarter, compared to analyst estimates of $770.60 million. During the same quarter last year, the business earned $0.97 EPS. The company’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. Equities analysts predict that Equity Residential will post 3.98 EPS for the current year.

Equity Residential Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Thursday, September 25th were given a dividend of $0.6925 per share. The ex-dividend date of this dividend was Thursday, September 25th. This represents a $2.77 annualized dividend and a dividend yield of 4.3%. Equity Residential’s dividend payout ratio (DPR) is 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.