Cwm LLC Grows Position in Equity Residential $EQR

Cwm LLC lifted its position in shares of Equity Residential (NYSE:EQR) by 227.9% in the third quarter, Holdings Channel reports. The firm owned 18,661 shares of the real estate investment trust’s stock after purchasing an additional 12,970 shares during the period. Cwm LLC’s holdings in Equity Residential were worth $1,208,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EQR. Vanguard Group Inc. lifted its position in Equity Residential by 0.6% during the second quarter. Vanguard Group Inc. now owns 56,316,304 shares of the real estate investment trust’s stock valued at $3,800,787,000 after buying an additional 315,370 shares in the last quarter. Norges Bank purchased a new position in shares of Equity Residential in the 2nd quarter valued at $2,351,689,000. State Street Corp lifted its holdings in shares of Equity Residential by 1.8% during the 2nd quarter. State Street Corp now owns 24,234,081 shares of the real estate investment trust’s stock valued at $1,651,909,000 after acquiring an additional 417,119 shares in the last quarter. Geode Capital Management LLC boosted its position in Equity Residential by 1.4% during the 2nd quarter. Geode Capital Management LLC now owns 9,884,977 shares of the real estate investment trust’s stock worth $664,662,000 after purchasing an additional 137,533 shares during the period. Finally, Invesco Ltd. increased its holdings in Equity Residential by 20.9% in the 2nd quarter. Invesco Ltd. now owns 8,019,026 shares of the real estate investment trust’s stock valued at $541,204,000 after purchasing an additional 1,384,580 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 commented on EQR shares. Stifel Nicolaus set a $79.75 price objective on Equity Residential in a research note on Wednesday, October 29th. Evercore ISI decreased their price target on Equity Residential from $70.00 to $68.00 and set an “outperform” rating for the company in a report on Monday, November 3rd. Truist Financial dropped their price objective on shares of Equity Residential from $75.00 to $70.00 and set a “buy” rating on the stock in a research note on Monday, November 17th. Morgan Stanley decreased their target price on shares of Equity Residential from $75.00 to $73.50 and set an “equal weight” rating for the company in a research note on Thursday, November 13th. Finally, BNP Paribas Exane downgraded shares of Equity Residential from an “outperform” rating to a “neutral” rating in a research note on Monday, September 29th. Eight equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Equity Residential has an average rating of “Hold” and an average price target of $70.02.

Equity Residential Stock Performance

Shares of Equity Residential stock opened at $60.93 on Tuesday. 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 1 year low of $58.38 and a 1 year high of $75.86. The firm’s 50-day simple moving average is $60.91 and its 200-day simple moving average is $63.57. The firm has a market cap of $23.18 billion, a PE ratio of 20.11, a price-to-earnings-growth ratio of 3.20 and a beta of 0.75.

Equity Residential (NYSE:EQR) last announced its quarterly earnings data on Tuesday, October 28th. The real estate investment trust reported $1.02 earnings per share for the quarter, meeting the consensus estimate of $1.02. Equity Residential had a return on equity of 10.30% and a net margin of 37.58%.The firm had revenue of $782.41 million during the quarter, compared to analyst estimates of $779.68 million. During the same period in the previous 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. Equities analysts forecast that Equity Residential will post 3.98 earnings per share for the current fiscal year.

Equity Residential Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Friday, January 2nd will be given 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 is Friday, January 2nd. Equity Residential’s dividend payout ratio is currently 91.42%.

About Equity Residential

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.