Equity Residential $EQR Shares Purchased by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership raised its stake in Equity Residential (NYSE:EQR) by 90.6% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 253,637 shares of the real estate investment trust’s stock after buying an additional 120,588 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Equity Residential were worth $17,118,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. CVA Family Office LLC increased its holdings in shares of Equity Residential by 425.3% in the 2nd quarter. CVA Family Office LLC now owns 415 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 336 shares during the period. GKV Capital Management Co. Inc. bought a new position in Equity Residential in the 1st quarter worth about $37,000. FNY Investment Advisers LLC increased its stake in shares of Equity Residential by 1,000.0% in the second quarter. FNY Investment Advisers LLC now owns 660 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 600 shares during the period. Keystone Global Partners LLC bought a new stake in shares of Equity Residential during the first quarter valued at approximately $47,000. Finally, Zions Bancorporation National Association UT bought a new stake in shares of Equity Residential during the first quarter valued at approximately $48,000. Institutional investors own 92.68% of the company’s stock.

Equity Residential Price Performance

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

Equity Residential (NYSE:EQR) last issued its earnings results on Tuesday, October 28th. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.02. Equity Residential had a return on equity of 10.30% and a net margin of 37.58%.The business had revenue of $782.41 million for the quarter, compared to analysts’ expectations of $779.68 million. During the same period in the previous year, the firm posted $0.98 EPS. 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. As a group, equities analysts anticipate that Equity Residential will post 3.98 EPS for the current fiscal year.

Equity Residential Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Thursday, September 25th were issued a $0.6925 dividend. This represents a $2.77 annualized dividend and a dividend yield of 4.5%. The ex-dividend date was Thursday, September 25th. Equity Residential’s dividend payout ratio (DPR) is presently 91.42%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Morgan Stanley decreased their price objective on Equity Residential from $75.00 to $73.50 and set an “equal weight” rating for the company in a report on Thursday, November 13th. BNP Paribas cut Equity Residential from an “outperform” rating to a “hold” rating in a research note on Monday, September 29th. UBS Group lowered their price target on Equity Residential from $76.00 to $68.00 and set a “buy” rating on the stock in a report on Monday, November 10th. Barclays reduced their price objective on shares of Equity Residential from $80.00 to $77.00 and set an “overweight” rating for the company in a report on Tuesday, November 25th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Equity Residential from $75.00 to $71.00 and set a “neutral” rating on the stock in a research note on Thursday. Eight analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $70.02.

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.