Clarius Group LLC Purchases New Shares in Equity Residential $EQR

Clarius Group LLC acquired a new position in shares of Equity Residential (NYSE:EQR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 4,905 shares of the real estate investment trust’s stock, valued at approximately $331,000.

Several other institutional investors have also recently made changes to their positions in the company. Park Avenue Securities LLC lifted its position in shares of Equity Residential by 25.0% during the first quarter. Park Avenue Securities LLC now owns 10,881 shares of the real estate investment trust’s stock valued at $779,000 after purchasing an additional 2,175 shares in the last quarter. Vert Asset Management LLC lifted its position in shares of Equity Residential by 5.6% during the 1st quarter. Vert Asset Management LLC now owns 158,633 shares of the real estate investment trust’s stock worth $11,355,000 after buying an additional 8,388 shares in the last quarter. Harbor Capital Advisors Inc. purchased a new position in shares of Equity Residential in the 1st quarter worth approximately $585,000. SG Americas Securities LLC grew its holdings in shares of Equity Residential by 44.3% in the first quarter. SG Americas Securities LLC now owns 20,699 shares of the real estate investment trust’s stock valued at $1,482,000 after acquiring an additional 6,359 shares in the last quarter. Finally, CX Institutional purchased a new stake in shares of Equity Residential during the first quarter valued at approximately $214,000. Institutional investors own 92.68% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Evercore ISI boosted their price target on shares of Equity Residential from $71.00 to $72.00 and gave the stock an “outperform” rating in a report on Monday, September 15th. JPMorgan Chase & Co. decreased their price target on shares of Equity Residential from $76.00 to $75.00 in a research note on Tuesday, September 16th. Wells Fargo & Company dropped their price objective on Equity Residential from $75.00 to $68.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 27th. UBS Group decreased their target price on Equity Residential from $84.00 to $76.00 and set a “buy” rating for the company in a research report on Tuesday, July 15th. Finally, Barclays lowered their target price on Equity Residential from $81.00 to $80.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 30th. Seven equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $74.32.

Equity Residential Price Performance

Shares of Equity Residential stock opened at $62.23 on Tuesday. The stock has a market cap of $23.77 billion, a P/E ratio of 23.48, a P/E/G ratio of 3.25 and a beta of 0.90. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.17 and a current ratio of 0.17. The stock’s fifty day moving average is $64.60 and its 200 day moving average is $67.07. Equity Residential has a one year low of $59.41 and a one year high of $78.32.

Equity Residential (NYSE:EQR) last issued its quarterly earnings results on Monday, August 4th. The real estate investment trust reported $0.99 EPS for the quarter, hitting analysts’ consensus estimates of $0.99. Equity Residential had a return on equity of 9.05% and a net margin of 33.22%.The business had revenue of $768.83 million during the quarter, compared to analysts’ expectations of $770.60 million. During the same quarter in the prior year, the business posted $0.97 earnings per share. The business’s quarterly revenue was up 4.7% on a year-over-year basis. Equity Residential has set its FY 2025 guidance at 3.970-4.030 EPS. Q3 2025 guidance at 0.990-1.030 EPS. Sell-side analysts anticipate that Equity Residential will post 3.98 earnings per share for the current year.

Equity Residential Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Thursday, September 25th will be given a $0.6925 dividend. This represents a $2.77 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date is Thursday, September 25th. Equity Residential’s dividend payout ratio is presently 104.53%.

About Equity Residential

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.