Fisher Funds Management LTD Has $1.88 Million Stock Holdings in Equity Residential $EQR

Fisher Funds Management LTD cut its holdings in Equity Residential (NYSE:EQR) by 10.0% in the second quarter, Holdings Channel.com reports. The fund owned 27,824 shares of the real estate investment trust’s stock after selling 3,091 shares during the quarter. Fisher Funds Management LTD’s holdings in Equity Residential were worth $1,878,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Equity Residential by 0.4% in the first quarter. Vanguard Group Inc. now owns 56,000,934 shares of the real estate investment trust’s stock valued at $4,008,547,000 after acquiring an additional 199,943 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Equity Residential by 5.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 20,711,588 shares of the real estate investment trust’s stock worth $1,482,537,000 after buying an additional 1,101,027 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Equity Residential by 1.7% in the first quarter. Invesco Ltd. now owns 6,634,446 shares of the real estate investment trust’s stock worth $474,894,000 after buying an additional 112,004 shares during the last quarter. Resolution Capital Ltd lifted its stake in shares of Equity Residential by 3.8% in the first quarter. Resolution Capital Ltd now owns 5,077,065 shares of the real estate investment trust’s stock worth $363,416,000 after buying an additional 185,876 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Equity Residential by 4.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,696,175 shares of the real estate investment trust’s stock worth $336,152,000 after buying an additional 198,344 shares during the last quarter. 92.68% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Evercore ISI reduced their price objective on shares of Equity Residential from $72.00 to $71.00 and set an “outperform” rating for the company in a research note on Monday, October 13th. Wells Fargo & Company reduced their price objective on shares of Equity Residential from $75.00 to $68.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 27th. Stifel Nicolaus set a $79.75 price objective on shares of Equity Residential in a research note on Wednesday. Wall Street Zen cut shares of Equity Residential from a “hold” rating to a “sell” rating in a research note on Sunday, October 26th. Finally, Jefferies Financial Group reduced their price objective on shares of Equity Residential from $70.00 to $68.00 and set a “hold” rating for the company in a research note on Monday, October 13th. Seven research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $73.12.

Equity Residential Price Performance

NYSE:EQR opened at $59.44 on Friday. The stock has a market cap of $22.70 billion, a P/E ratio of 19.62, a PEG ratio of 2.99 and a beta of 0.90. Equity Residential has a one year low of $58.51 and a one year high of $78.32. The company has a fifty day moving average price of $63.88 and a 200 day moving average price of $66.32. 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) last announced its quarterly earnings results on Tuesday, October 28th. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.02. The firm had revenue of $782.41 million for the quarter, compared to analyst estimates of $779.68 million. Equity Residential had a net margin of 37.58% and a return on equity of 10.30%. 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. FY 2025 guidance at 3.980-4.020 EPS. Analysts anticipate that Equity Residential will post 3.98 earnings per share for the current year.

Equity Residential Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Thursday, September 25th were issued a $0.6925 dividend. This represents a $2.77 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend was Thursday, September 25th. Equity Residential’s payout ratio is 91.42%.

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.