Allstate Corp Has $1.56 Million Stock Holdings in Equity Residential $EQR

Allstate Corp increased its holdings in shares of Equity Residential (NYSE:EQR) by 163.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 24,071 shares of the real estate investment trust’s stock after acquiring an additional 14,938 shares during the quarter. Allstate Corp’s holdings in Equity Residential were worth $1,558,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in EQR. Rothschild Investment LLC lifted its position in Equity Residential by 6.8% in the second quarter. Rothschild Investment LLC now owns 2,841 shares of the real estate investment trust’s stock worth $192,000 after purchasing an additional 182 shares during the period. Cetera Investment Advisers grew its holdings in Equity Residential by 0.4% during the 2nd quarter. Cetera Investment Advisers now owns 48,030 shares of the real estate investment trust’s stock worth $3,242,000 after acquiring an additional 183 shares during the last quarter. CX Institutional boosted its position in Equity Residential by 6.1% in 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 last quarter. Louisiana State Employees Retirement System raised its stake in shares of Equity Residential by 1.1% during the third quarter. Louisiana State Employees Retirement System now owns 18,200 shares of the real estate investment trust’s stock worth $1,178,000 after buying an additional 200 shares during the last quarter. Finally, Empowered Funds LLC increased its holdings in Equity Residential by 3.1% in the first 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 last quarter. 92.68% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft downgraded shares of Equity Residential from a “buy” rating to a “hold” rating and set a $63.00 price objective for the company. in a research report on Tuesday. The Goldman Sachs Group boosted their target price on shares of Equity Residential from $63.00 to $69.00 and gave the company a “neutral” rating in a research report on Friday, January 16th. Cantor Fitzgerald initiated coverage on shares of Equity Residential in a report on Wednesday, October 1st. They set an “overweight” rating and a $70.00 price target for the company. Stifel Nicolaus set a $79.75 price objective on shares of Equity Residential in a research report on Wednesday, October 29th. Finally, Morgan Stanley decreased their price target on shares of Equity Residential from $75.00 to $73.50 and set an “equal weight” rating for the company in a research report on Thursday, November 13th. Seven investment analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $69.54.

Equity Residential Stock Down 1.7%

Equity Residential stock opened at $61.00 on Wednesday. Equity Residential has a twelve month low of $58.38 and a twelve month high of $75.86. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 0.75. The firm has a 50 day moving average price of $61.29 and a 200-day moving average price of $63.11. The company has a market capitalization of $23.21 billion, a P/E ratio of 20.13, a P/E/G ratio of 3.14 and a beta of 0.75.

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, meeting analysts’ consensus estimates 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 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 predict that Equity Residential will post 3.98 EPS for the current year.

Equity Residential Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Friday, January 2nd were paid a $0.6925 dividend. The ex-dividend date of this dividend was Friday, January 2nd. This represents a $2.77 dividend on an annualized basis and a dividend yield of 4.5%. Equity Residential’s dividend payout ratio is 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.