Pensionfund Sabic Sells 3,000 Shares of Equity Residential $EQR

by · The Cerbat Gem

Pensionfund Sabic lessened its holdings in shares of Equity Residential (NYSE:EQR – Free Report) by 10.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,853 shares of the real estate investment trust’s stock after selling 3,000 shares during the quarter. Pensionfund Sabic’s holdings in Equity Residential were worth $1,779,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Cetera Investment Advisers boosted its position in shares of Equity Residential by 3.7% in the fourth quarter. Cetera Investment Advisers now owns 46,010 shares of the real estate investment trust’s stock valued at $3,302,000 after acquiring an additional 1,647 shares during the period. Focus Partners Wealth boosted its position in shares of Equity Residential by 227.5% in the fourth quarter. Focus Partners Wealth now owns 9,480 shares of the real estate investment trust’s stock valued at $680,000 after acquiring an additional 6,585 shares during the period. Gotham Asset Management LLC boosted its position in shares of Equity Residential by 37.4% in the fourth quarter. Gotham Asset Management LLC now owns 26,645 shares of the real estate investment trust’s stock valued at $1,912,000 after acquiring an additional 7,250 shares during the period. Janus Henderson Group PLC boosted its position in shares of Equity Residential by 1.1% in the fourth quarter. Janus Henderson Group PLC now owns 70,910 shares of the real estate investment trust’s stock valued at $5,090,000 after acquiring an additional 782 shares during the period. Finally, OMERS ADMINISTRATION Corp boosted its position in shares of Equity Residential by 19.2% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 14,960 shares of the real estate investment trust’s stock valued at $1,074,000 after acquiring an additional 2,410 shares during the period. Institutional investors own 92.68% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Truist Financial cut their price objective on shares of Equity Residential from $78.00 to $75.00 and set a “buy” rating for the company in a research report on Friday, August 29th. Morgan Stanley lowered their target price on shares of Equity Residential from $76.50 to $75.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 13th. Stifel Nicolaus set a $80.50 target price on shares of Equity Residential and gave the company a “buy” rating in a research note on Tuesday, August 5th. Mizuho lowered their target price on shares of Equity Residential from $76.00 to $71.00 and set a “neutral” rating on the stock in a research note on Friday, May 23rd. Finally, Evercore ISI lowered their target price on shares of Equity Residential from $72.00 to $71.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 12th. Six analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, Equity Residential currently has an average rating of “Hold” and an average target price of $75.96.

Get Our Latest Analysis on EQR

Equity Residential Trading Down 0.6%

EQR stock opened at $66.49 on Friday. The company has a market capitalization of $25.39 billion, a PE ratio of 25.09, a price-to-earnings-growth ratio of 3.40 and a beta of 0.93. Equity Residential has a one year low of $59.41 and a one year high of $78.83. The company’s 50 day moving average price is $65.45 and its two-hundred day moving average price is $67.89. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.17 and a current ratio of 0.17.

Equity Residential (NYSE:EQR – Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The real estate investment trust reported $0.99 EPS for the quarter, hitting the consensus estimate of $0.99. The firm had revenue of $768.83 million for the quarter, compared to the consensus estimate of $770.60 million. Equity Residential had a net margin of 33.22% and a return on equity of 9.05%. The business’s revenue was up 4.7% compared to the same quarter last year. During the same period last year, the firm posted $0.97 earnings per share. Equity Residential has set its FY 2025 guidance at 3.970-4.030 EPS. Q3 2025 guidance at 0.990-1.030 EPS. As a group, analysts predict that Equity Residential will post 3.98 earnings per share for the current fiscal year.

Equity Residential Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Thursday, September 25th will be paid a dividend of $0.6925 per share. The ex-dividend date of this dividend is Thursday, September 25th. This represents a $2.77 annualized dividend and a dividend yield of 4.2%. Equity Residential’s dividend payout ratio (DPR) is 104.53%.

Equity Residential Profile

(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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