Allstate Corp Purchases 14,938 Shares of Equity Residential $EQR

Allstate Corp raised its stake in Equity Residential (NYSE:EQR) by 163.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,071 shares of the real estate investment trust’s stock after buying an additional 14,938 shares during the period. Allstate Corp’s holdings in Equity Residential were worth $1,558,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Rothschild Investment LLC lifted its position in shares of Equity Residential by 6.8% during the second quarter. Rothschild Investment LLC now owns 2,841 shares of the real estate investment trust’s stock worth $192,000 after acquiring an additional 182 shares in the last quarter. Cetera Investment Advisers boosted its position in Equity Residential by 0.4% during the second quarter. Cetera Investment Advisers now owns 48,030 shares of the real estate investment trust’s stock valued at $3,242,000 after buying an additional 183 shares during the period. CX Institutional boosted its position in Equity Residential by 6.1% during the 3rd quarter. CX Institutional now owns 3,274 shares of the real estate investment trust’s stock valued at $212,000 after buying an additional 189 shares during the period. Louisiana State Employees Retirement System increased its position in Equity Residential by 1.1% during the 3rd quarter. Louisiana State Employees Retirement System now owns 18,200 shares of the real estate investment trust’s stock valued at $1,178,000 after purchasing an additional 200 shares during the period. Finally, Empowered Funds LLC lifted its stake in shares of Equity Residential by 3.1% in the 1st quarter. Empowered Funds LLC now owns 7,489 shares of the real estate investment trust’s stock valued at $536,000 after purchasing an additional 226 shares during the period. 92.68% of the stock is owned by institutional investors.

Equity Residential Price Performance

EQR opened at $61.00 on Wednesday. The company has a fifty day simple moving average of $61.29 and a 200 day simple moving average of $63.11. Equity Residential has a twelve month low of $58.38 and a twelve month high of $75.86. The firm has a market cap of $23.21 billion, a price-to-earnings ratio of 20.13, a PEG ratio of 3.14 and a beta of 0.75. 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 issued its quarterly 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. 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 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. Equities 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, January 16th. Shareholders of record on Friday, January 2nd were given a $0.6925 dividend. The ex-dividend date was Friday, January 2nd. This represents a $2.77 annualized dividend and a yield of 4.5%. Equity Residential’s payout ratio is 91.42%.

Wall Street Analyst Weigh In

EQR has been the topic of several recent analyst reports. Stifel Nicolaus set a $79.75 price objective on shares of Equity Residential in a research report on Wednesday, October 29th. Truist Financial cut their price objective on Equity Residential from $75.00 to $70.00 and set a “buy” rating for the company in a research report on Monday, November 17th. Mizuho dropped their target price on Equity Residential from $66.00 to $65.00 and set a “neutral” rating for the company in a report on Monday, November 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Equity Residential in a research note on Wednesday, October 8th. Finally, BNP Paribas lowered Equity Residential from an “outperform” rating to a “hold” rating in a research report on Monday, September 29th. Seven investment analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $69.54.

Equity Residential Company 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.