Barings LLC Invests $3.62 Million in Equity Residential $EQR

Barings LLC bought a new stake in shares of Equity Residential (NYSE:EQR) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 52,076 shares of the real estate investment trust’s stock, valued at approximately $3,624,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. CVA Family Office LLC lifted its stake in Equity Residential by 425.3% during the second quarter. CVA Family Office LLC now owns 415 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 336 shares in the last quarter. GKV Capital Management Co. Inc. purchased a new position in shares of Equity Residential in the first quarter worth approximately $37,000. FNY Investment Advisers LLC raised its holdings in shares of Equity Residential by 1,000.0% during the second quarter. FNY Investment Advisers LLC now owns 660 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 600 shares during the period. Keystone Global Partners LLC purchased a new stake in shares of Equity Residential in the 1st quarter valued at approximately $47,000. Finally, Zions Bancorporation National Association UT acquired a new position in Equity Residential in the 1st quarter worth approximately $48,000. Institutional investors and hedge funds own 92.68% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on EQR shares. The Goldman Sachs Group cut their target price 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. BNP Paribas Exane downgraded Equity Residential from an “outperform” rating to a “neutral” rating in a report on Monday, September 29th. JPMorgan Chase & Co. reduced their price objective on Equity Residential from $76.00 to $75.00 in a research note on Tuesday, September 16th. BMO Capital Markets decreased their price objective on Equity Residential from $75.00 to $70.00 and set an “outperform” rating for the company in a research report on Monday, November 17th. Finally, Cantor Fitzgerald assumed coverage on Equity Residential in a research note on Wednesday, October 1st. They set an “overweight” rating and a $70.00 target price on the stock. Eight equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $70.83.

Equity Residential Stock Up 2.3%

EQR opened at $60.53 on Friday. Equity Residential has a fifty-two week low of $58.38 and a fifty-two week high of $78.32. The business has a 50-day moving average of $62.01 and a 200-day moving average of $65.28. 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 company has a market capitalization of $23.03 billion, a PE ratio of 19.98, a price-to-earnings-growth ratio of 2.99 and a beta of 0.88.

Equity Residential (NYSE:EQR) last announced its quarterly earnings results on Tuesday, October 28th. The real estate investment trust reported $1.02 EPS for the quarter, meeting the consensus estimate of $1.02. The business had revenue of $782.41 million during the quarter, compared to analysts’ expectations of $779.68 million. Equity Residential had a return on equity of 10.30% and a net margin of 37.58%.During the same quarter in the previous year, the business posted $0.98 EPS. Equity Residential has set its Q4 2025 guidance at 1.020-1.060 EPS. FY 2025 guidance at 3.980-4.020 EPS. Equities research analysts forecast that Equity Residential will post 3.98 EPS for the current fiscal year.

Equity Residential Announces Dividend

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

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.