Amundi Acquires 857,000 Shares of Equity Residential $EQR

Amundi increased its holdings in shares of Equity Residential (NYSE:EQR) by 124.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,548,036 shares of the real estate investment trust’s stock after purchasing an additional 857,000 shares during the period. Amundi owned approximately 0.41% of Equity Residential worth $103,208,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. CVA Family Office LLC raised its holdings in Equity Residential by 425.3% during the 2nd quarter. CVA Family Office LLC now owns 415 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 336 shares during the period. GKV Capital Management Co. Inc. acquired a new position in shares of Equity Residential in the first quarter valued at approximately $37,000. Keystone Global Partners LLC bought a new stake in shares of Equity Residential during the first quarter worth $47,000. 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 worth $44,000 after acquiring an additional 600 shares during the period. Finally, Zions Bancorporation National Association UT acquired a new stake in shares of Equity Residential during the first quarter worth $48,000. 92.68% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on EQR. Stifel Nicolaus set a $79.75 target price on shares of Equity Residential in a research note on Wednesday, October 29th. Wells Fargo & Company reduced their price objective on Equity Residential from $68.00 to $62.00 and set an “equal weight” rating for the company in a research report on Monday, November 10th. Scotiabank dropped their target price on Equity Residential from $73.00 to $66.00 and set a “sector perform” rating on the stock in a research report on Tuesday, November 4th. Morgan Stanley cut their target price on Equity Residential from $75.00 to $73.50 and set an “equal weight” rating on the stock in a research note on Thursday, November 13th. Finally, The Goldman Sachs Group decreased their price target 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. Eight research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $70.02.

Equity Residential Price Performance

NYSE:EQR opened at $61.00 on Monday. The stock has a market capitalization of $23.21 billion, a PE ratio of 20.13, a P/E/G ratio of 3.25 and a beta of 0.75. Equity Residential has a 1-year low of $58.38 and a 1-year high of $75.86. The firm has a fifty day simple moving average of $61.32 and a 200 day simple moving average of $64.62. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.75.

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 analysts’ consensus estimates of $1.02. Equity Residential had a net margin of 37.58% and a return on equity of 10.30%. The firm had revenue of $782.41 million during the quarter, compared to analysts’ expectations of $779.68 million. During the same quarter last year, the company posted $0.98 earnings per share. Equity Residential has set its Q4 2025 guidance at 1.020-1.060 EPS and its FY 2025 guidance at 3.980-4.020 EPS. On average, research analysts expect that Equity Residential will post 3.98 EPS for the current fiscal year.

Equity Residential Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 10th. Investors 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 yield of 4.5%. Equity Residential’s dividend payout ratio (DPR) is presently 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.