Aurora Investment Managers LLC. Sells 196 Shares of Equity Residential $EQR

Aurora Investment Managers LLC. decreased its stake in shares of Equity Residential (NYSE:EQR) by 0.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 55,991 shares of the real estate investment trust’s stock after selling 196 shares during the period. Equity Residential makes up 2.3% of Aurora Investment Managers LLC.’s investment portfolio, making the stock its 14th largest holding. Aurora Investment Managers LLC.’s holdings in Equity Residential were worth $3,779,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. KLP Kapitalforvaltning AS boosted its position in shares of Equity Residential by 1.9% during the second quarter. KLP Kapitalforvaltning AS now owns 119,994 shares of the real estate investment trust’s stock valued at $8,169,000 after purchasing an additional 2,200 shares in the last quarter. Knights of Columbus Asset Advisors LLC bought a new stake in shares of Equity Residential during the 2nd quarter valued at $2,860,000. Clarius Group LLC bought a new stake in shares of Equity Residential during the 2nd quarter valued at $331,000. 111 Capital boosted its stake in Equity Residential by 14.0% during the second quarter. 111 Capital now owns 4,253 shares of the real estate investment trust’s stock worth $287,000 after acquiring an additional 523 shares in the last quarter. Finally, QRG Capital Management Inc. boosted its stake in Equity Residential by 11.2% during the second quarter. QRG Capital Management Inc. now owns 252,073 shares of the real estate investment trust’s stock worth $17,012,000 after acquiring an additional 25,313 shares in the last quarter. 92.68% of the stock is owned by institutional investors.

Equity Residential Stock Down 0.2%

Shares of NYSE EQR opened at $62.34 on Thursday. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $23.81 billion, a PE ratio of 23.52, a price-to-earnings-growth ratio of 3.17 and a beta of 0.90. The stock’s fifty day simple moving average is $64.44 and its two-hundred day simple moving average is $67.01. Equity Residential has a 12-month low of $59.41 and a 12-month high of $78.32.

Equity Residential (NYSE:EQR) last issued its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $0.99 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.99. Equity Residential had a return on equity of 9.05% and a net margin of 33.22%.The company had revenue of $768.83 million for the quarter, compared to the consensus estimate of $770.60 million. During the same quarter last year, the company earned $0.97 earnings per share. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. 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 expect that Equity Residential will post 3.98 EPS for the current fiscal year.

Equity Residential Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Thursday, September 25th will be paid a $0.6925 dividend. This represents a $2.77 annualized dividend and a yield of 4.4%. The ex-dividend date is Thursday, September 25th. Equity Residential’s dividend payout ratio (DPR) is 104.53%.

Wall Street Analysts Forecast Growth

Several research firms have commented on EQR. Wells Fargo & Company dropped their target price on Equity Residential from $75.00 to $68.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 27th. Stifel Nicolaus set a $80.50 price target on shares of Equity Residential and gave the stock a “buy” rating in a research note on Tuesday, August 5th. Scotiabank dropped their price target on shares of Equity Residential from $78.00 to $77.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 14th. JPMorgan Chase & Co. dropped their target price on shares of Equity Residential from $76.00 to $75.00 in a research note on Tuesday, September 16th. Finally, Evercore ISI upped their target price on shares of Equity Residential from $71.00 to $72.00 and gave the stock an “outperform” rating in a research note on Monday, September 15th. Seven investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $74.32.

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.