Equity Residential $EQR Shares Bought by Baillie Gifford & Co.

Baillie Gifford & Co. raised its holdings in shares of Equity Residential (NYSE:EQR) by 566.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 115,181 shares of the real estate investment trust’s stock after purchasing an additional 97,906 shares during the period. Baillie Gifford & Co.’s holdings in Equity Residential were worth $7,456,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in EQR. Resona Asset Management Co. Ltd. increased its position in Equity Residential by 8.8% during the 3rd quarter. Resona Asset Management Co. Ltd. now owns 209,614 shares of the real estate investment trust’s stock valued at $13,471,000 after buying an additional 17,014 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of Equity Residential by 2.5% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 308,282 shares of the real estate investment trust’s stock worth $19,955,000 after acquiring an additional 7,464 shares during the last quarter. UniSuper Management Pty Ltd increased its holdings in shares of Equity Residential by 4.4% during the third quarter. UniSuper Management Pty Ltd now owns 152,701 shares of the real estate investment trust’s stock valued at $9,884,000 after acquiring an additional 6,503 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its position in shares of Equity Residential by 10.4% in the 3rd quarter. Envestnet Portfolio Solutions Inc. now owns 7,815 shares of the real estate investment trust’s stock valued at $506,000 after purchasing an additional 739 shares during the last quarter. Finally, Seven Post Investment Office LP boosted its stake in Equity Residential by 0.7% in the 3rd quarter. Seven Post Investment Office LP now owns 321,344 shares of the real estate investment trust’s stock worth $20,801,000 after purchasing an additional 2,154 shares in the last quarter. Institutional investors and hedge funds own 92.68% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Barclays restated an “overweight” rating and set a $78.00 price target on shares of Equity Residential in a research note on Tuesday, January 13th. Evercore ISI cut their target price on Equity Residential from $70.00 to $68.00 and set an “outperform” rating on the stock in a research report on Monday, November 3rd. BMO Capital Markets cut Equity Residential from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $70.00 to $68.00 in a research report on Friday, January 9th. Jefferies Financial Group dropped their price target on Equity Residential from $68.00 to $65.00 and set a “hold” rating on the stock in a research note on Tuesday, November 11th. Finally, Scotiabank cut their price objective on Equity Residential from $73.00 to $66.00 and set a “sector perform” rating on the stock in a report on Tuesday, November 4th. Seven analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $69.54.

Equity Residential Stock Performance

NYSE EQR opened at $62.08 on Monday. The firm has a market capitalization of $23.62 billion, a P/E ratio of 20.49, a PEG ratio of 4.22 and a beta of 0.75. The stock has a 50-day simple moving average of $61.42 and a two-hundred day simple moving average of $63.01. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.45 and a current ratio of 0.45. Equity Residential has a fifty-two week low of $58.38 and a fifty-two week high of $75.86.

Equity Residential (NYSE:EQR) last posted its earnings results on Tuesday, October 28th. The real estate investment trust reported $1.02 EPS for the quarter, hitting the consensus estimate of $1.02. The firm had revenue of $782.41 million for the quarter, compared to analyst estimates of $779.68 million. Equity Residential had a return on equity of 10.30% and a net margin of 37.58%.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 and its FY 2025 guidance at 3.980-4.020 EPS. On average, equities analysts forecast 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, January 16th. Stockholders of record on Friday, January 2nd were issued a dividend of $0.6925 per share. This represents a $2.77 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend was Friday, January 2nd. Equity Residential’s payout ratio is 91.42%.

Equity Residential Profile

Equity Residential (NYSE: EQR) is a publicly traded real estate investment trust that acquires, develops, owns and operates rental apartment properties. Headquartered in Chicago, the company focuses on delivering professionally managed, market-rate apartment homes and related services to renters. Its operations cover a range of property types, including high-rise and mid-rise assets, with amenities and on-site management designed to support resident retention and occupancy.

The company’s core activities include property acquisitions, development and redevelopment, leasing, and day-to-day property management.