Davis Selected Advisers Increases Stock Holdings in Equity Residential $EQR

by · The Cerbat Gem

Davis Selected Advisers raised its position in Equity Residential (NYSE:EQR – Free Report) by 1.9% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 101,725 shares of the real estate investment trust’s stock after acquiring an additional 1,870 shares during the quarter. Davis Selected Advisers’ holdings in Equity Residential were worth $6,865,000 at the end of the most recent quarter.

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

Equity Residential Stock Down 0.7%

Shares of NYSE EQR opened at $59.20 on Friday. The business has a 50-day moving average of $62.86 and a two-hundred day moving average of $65.77. The company has a market capitalization of $22.53 billion, a price-to-earnings ratio of 19.54, a price-to-earnings-growth ratio of 2.99 and a beta of 0.88. Equity Residential has a 1 year low of $58.38 and a 1 year high of $78.32. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.45 and a quick ratio of 0.17.

Equity Residential (NYSE:EQR – Get Free Report) last released its quarterly earnings data on Tuesday, October 28th. The real estate investment trust reported $1.02 EPS for the quarter, meeting 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 the consensus estimate of $779.68 million. During the same quarter in the prior year, the business posted $0.98 EPS. Equity Residential has set its Q4 2025 guidance at 1.020-1.060 EPS. FY 2025 guidance at 3.980-4.020 EPS. On average, analysts forecast that Equity Residential will post 3.98 earnings per share for the current fiscal year.

Equity Residential Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Thursday, September 25th were issued a dividend of $0.6925 per share. The ex-dividend date of this dividend was Thursday, September 25th. This represents a $2.77 dividend on an annualized basis and a yield of 4.7%. Equity Residential’s dividend payout ratio (DPR) is presently 91.42%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on EQR. Wells Fargo & Company reduced their price objective on Equity Residential from $68.00 to $62.00 and set an “equal weight” rating on the stock in a research note on Monday. BNP Paribas Exane downgraded Equity Residential from an “outperform” rating to a “neutral” rating in a report on Monday, September 29th. Stifel Nicolaus set a $79.75 price target on Equity Residential in a research report on Wednesday, October 29th. Weiss Ratings reissued a “hold (c)” rating on shares of Equity Residential in a research report on Wednesday, October 8th. Finally, Jefferies Financial Group cut their target price on shares of Equity Residential from $70.00 to $68.00 and set a “hold” rating on the stock in a research note on Monday, October 13th. Seven investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, Equity Residential presently has a consensus rating of “Hold” and a consensus price target of $71.42.

Read Our Latest Stock Report on Equity Residential

About Equity Residential

(Free Report)

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.

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