BDF Gestion Reduces Stake in Equity Residential $EQR

BDF Gestion lessened its stake in shares of Equity Residential (NYSE:EQR) by 17.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 50,420 shares of the real estate investment trust’s stock after selling 10,484 shares during the quarter. BDF Gestion’s holdings in Equity Residential were worth $3,264,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Aberdeen Group plc increased its holdings in shares of Equity Residential by 9.3% in the second quarter. Aberdeen Group plc now owns 422,260 shares of the real estate investment trust’s stock worth $28,498,000 after purchasing an additional 36,047 shares during the period. Knights of Columbus Asset Advisors LLC purchased a new position in Equity Residential during the second quarter worth about $2,860,000. Andra AP fonden increased its stake in Equity Residential by 30.3% in the 2nd quarter. Andra AP fonden now owns 187,100 shares of the real estate investment trust’s stock worth $12,627,000 after acquiring an additional 43,500 shares during the last quarter. Aew Capital Management L P increased its stake in Equity Residential by 3.8% in the 2nd quarter. Aew Capital Management L P now owns 391,301 shares of the real estate investment trust’s stock worth $26,409,000 after acquiring an additional 14,310 shares during the last quarter. Finally, Nomura Holdings Inc. boosted its position in shares of Equity Residential by 67.3% during the 1st quarter. Nomura Holdings Inc. now owns 85,127 shares of the real estate investment trust’s stock valued at $6,093,000 after acquiring an additional 34,243 shares during the last quarter. 92.68% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

EQR has been the topic of several research analyst reports. BNP Paribas Exane cut shares of Equity Residential from an “outperform” rating to a “neutral” rating in a research report on Monday, September 29th. BMO Capital Markets cut their price target on shares of Equity Residential from $75.00 to $70.00 and set an “outperform” rating for the company in a research note on Monday, November 17th. Mizuho lowered their price objective on shares of Equity Residential from $66.00 to $65.00 and set a “neutral” rating on the stock in a research report on Monday, November 24th. Wells Fargo & Company dropped their price objective on shares of Equity Residential from $68.00 to $62.00 and set an “equal weight” rating for the company in a report on Monday, November 10th. Finally, JPMorgan Chase & Co. reduced their target price on Equity Residential from $75.00 to $71.00 and set a “neutral” rating on the stock in a research note on Thursday, December 4th. Eight research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $70.02.

Equity Residential Price Performance

Shares of Equity Residential stock opened at $61.47 on Friday. The stock has a market capitalization of $23.39 billion, a price-to-earnings ratio of 20.29, a price-to-earnings-growth ratio of 3.31 and a beta of 0.75. The company has a fifty day moving average of $60.92 and a 200-day moving average of $64.13. Equity Residential has a 52-week low of $58.38 and a 52-week high of $75.86. 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 (NYSE:EQR) last posted its quarterly earnings results on Tuesday, October 28th. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.02. The business had revenue of $782.41 million during the quarter, compared to analyst estimates of $779.68 million. Equity Residential had a net margin of 37.58% and a return on equity of 10.30%. During the same period in the prior year, the business 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 year.

Equity Residential Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Friday, January 2nd will be paid a $0.6925 dividend. This represents a $2.77 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend is Friday, January 2nd. Equity Residential’s payout ratio is presently 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.