Natixis Increases Stock Position in Equity Residential $EQR

Natixis lifted its stake in Equity Residential (NYSE:EQR) by 185.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 58,546 shares of the real estate investment trust’s stock after acquiring an additional 38,049 shares during the quarter. Natixis’ holdings in Equity Residential were worth $3,951,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EQR. Norges Bank bought a new stake in Equity Residential in the 2nd quarter worth approximately $2,351,689,000. Prudential Financial Inc. boosted its stake in shares of Equity Residential by 725.6% in the 2nd quarter. Prudential Financial Inc. now owns 1,908,429 shares of the real estate investment trust’s stock worth $128,800,000 after buying an additional 1,677,278 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Equity Residential by 20.9% in the 2nd quarter. Invesco Ltd. now owns 8,019,026 shares of the real estate investment trust’s stock worth $541,204,000 after buying an additional 1,384,580 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings 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 acquiring an additional 1,101,027 shares during the period. Finally, Russell Investments Group Ltd. increased its position in Equity Residential by 252.9% during the second quarter. Russell Investments Group Ltd. now owns 1,329,615 shares of the real estate investment trust’s stock valued at $89,731,000 after acquiring an additional 952,813 shares during the last quarter. Institutional investors own 92.68% of the company’s stock.

Equity Residential Trading Up 1.1%

Shares of NYSE:EQR opened at $60.70 on Thursday. The stock has a 50 day moving average of $61.09 and a 200 day moving average of $64.49. The company has a market cap of $23.09 billion, a PE ratio of 20.03, a price-to-earnings-growth ratio of 3.20 and a beta of 0.75. Equity Residential has a 12-month low of $58.38 and a 12-month high of $75.86. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.75.

Equity Residential (NYSE:EQR) last released its earnings results on Tuesday, October 28th. The real estate investment trust reported $1.02 EPS for the quarter, hitting analysts’ consensus estimates of $1.02. The company had revenue of $782.41 million for the quarter, compared to analysts’ expectations 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 last year, the business earned $0.98 EPS. Equity Residential has set its Q4 2025 guidance at 1.020-1.060 EPS and its FY 2025 guidance at 3.980-4.020 EPS. As a group, equities research analysts expect that Equity Residential will post 3.98 EPS for the current year.

Equity Residential Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Thursday, September 25th were issued a $0.6925 dividend. The ex-dividend date of this dividend was Thursday, September 25th. This represents a $2.77 annualized dividend and a yield of 4.6%. Equity Residential’s dividend payout ratio is currently 91.42%.

Analysts Set New Price Targets

A number of research analysts have weighed in on EQR shares. Royal Bank Of Canada lowered their target price on Equity Residential from $72.00 to $70.00 and set an “outperform” rating on the stock in a report on Thursday, October 30th. JPMorgan Chase & Co. lowered their price objective on shares of Equity Residential from $75.00 to $71.00 and set a “neutral” rating on the stock in a research note on Thursday, December 4th. Wells Fargo & Company cut their target price on shares of Equity Residential from $68.00 to $62.00 and set an “equal weight” rating for the company in a research report on Monday, November 10th. BNP Paribas Exane downgraded shares of Equity Residential from an “outperform” rating to a “neutral” rating in a research report on Monday, September 29th. Finally, Barclays dropped their price target on shares of Equity Residential from $80.00 to $77.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 25th. Eight research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $70.02.

Equity Residential Profile

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.