ABC Arbitrage SA Buys Shares of 30,693 Equity Residential $EQR

ABC Arbitrage SA purchased a new position in shares of Equity Residential (NYSE:EQR) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 30,693 shares of the real estate investment trust’s stock, valued at approximately $2,071,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. PNC Financial Services Group Inc. increased its stake in shares of Equity Residential by 6.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 57,893 shares of the real estate investment trust’s stock worth $3,907,000 after purchasing an additional 3,622 shares in the last quarter. Wealth Alliance LLC lifted its stake in Equity Residential by 3.3% in the 2nd quarter. Wealth Alliance LLC now owns 8,196 shares of the real estate investment trust’s stock valued at $553,000 after buying an additional 265 shares in the last quarter. Jupiter Asset Management Ltd. purchased a new stake in Equity Residential in the 2nd quarter valued at approximately $649,000. National Pension Service grew its holdings in Equity Residential by 0.7% during the 2nd quarter. National Pension Service now owns 578,904 shares of the real estate investment trust’s stock valued at $39,070,000 after buying an additional 3,762 shares during the last quarter. Finally, Cascade Financial Partners LLC increased its position in Equity Residential by 38.1% during the second quarter. Cascade Financial Partners LLC now owns 12,785 shares of the real estate investment trust’s stock worth $863,000 after buying an additional 3,529 shares in the last quarter. 92.68% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on EQR. BNP Paribas Exane downgraded Equity Residential from an “outperform” rating to a “neutral” rating in a research report on Monday, September 29th. Morgan Stanley cut 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. Stifel Nicolaus set a $79.75 target price on shares of Equity Residential in a report on Wednesday, October 29th. The Goldman Sachs Group decreased their price target on shares of Equity Residential from $72.00 to $70.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 17th. Finally, Barclays cut their price objective on shares of Equity Residential from $81.00 to $80.00 and set an “overweight” rating for the company in a research report on Tuesday, September 30th. Seven research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $71.52.

Equity Residential Stock Up 1.7%

EQR opened at $60.49 on Wednesday. Equity Residential has a 12 month low of $58.38 and a 12 month high of $78.32. The business has a 50-day moving average of $63.09 and a two-hundred day moving average of $65.86. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.45 and a quick ratio of 0.17. The stock has a market capitalization of $23.02 billion, a price-to-earnings ratio of 19.96, a price-to-earnings-growth ratio of 2.99 and a beta of 0.88.

Equity Residential (NYSE:EQR) last released its earnings results on Tuesday, October 28th. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.02. Equity Residential had a net margin of 37.58% and a return on equity of 10.30%. The business had revenue of $782.41 million for the quarter, compared to analysts’ expectations of $779.68 million. During the same period last year, the company earned $0.98 earnings per share. Equity Residential has set its Q4 2025 guidance at 1.020-1.060 EPS. FY 2025 guidance at 3.980-4.020 EPS. On average, research analysts expect that Equity Residential will post 3.98 earnings per share for the current year.

Equity Residential Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Thursday, September 25th were issued a $0.6925 dividend. The ex-dividend date was Thursday, September 25th. This represents a $2.77 dividend on an annualized basis and a yield of 4.6%. Equity Residential’s dividend payout ratio (DPR) is presently 91.42%.

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.