Equity Residential $EQR Stock Position Lessened by Voya Investment Management LLC

Voya Investment Management LLC decreased its stake in shares of Equity Residential (NYSE:EQR) by 36.1% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 79,257 shares of the real estate investment trust’s stock after selling 44,682 shares during the period. Voya Investment Management LLC’s holdings in Equity Residential were worth $5,130,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Rothschild Investment LLC raised its holdings in Equity Residential by 6.8% during the second quarter. Rothschild Investment LLC now owns 2,841 shares of the real estate investment trust’s stock worth $192,000 after purchasing an additional 182 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of Equity Residential by 0.4% in the 2nd quarter. Cetera Investment Advisers now owns 48,030 shares of the real estate investment trust’s stock worth $3,242,000 after buying an additional 183 shares in the last quarter. Global X Japan Co. Ltd. lifted its holdings in shares of Equity Residential by 23.4% in the second quarter. Global X Japan Co. Ltd. now owns 1,106 shares of the real estate investment trust’s stock valued at $75,000 after buying an additional 210 shares during the period. Empowered Funds LLC lifted its holdings in shares of Equity Residential by 3.1% in the first quarter. Empowered Funds LLC now owns 7,489 shares of the real estate investment trust’s stock valued at $536,000 after buying an additional 226 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its stake in Equity Residential by 6.8% during the second quarter. EverSource Wealth Advisors LLC now owns 4,030 shares of the real estate investment trust’s stock valued at $272,000 after buying an additional 257 shares in the last quarter. 92.68% of the stock is owned by institutional investors and hedge funds.

Equity Residential Stock Up 0.6%

NYSE:EQR opened at $62.73 on Friday. The business’s fifty day moving average price is $60.96 and its 200 day moving average price is $63.96. The firm has a market capitalization of $23.87 billion, a price-to-earnings ratio of 20.70, a PEG ratio of 3.34 and a beta of 0.75. 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 has a 1-year low of $58.38 and a 1-year high of $75.86.

Equity Residential (NYSE:EQR) last released its earnings results on Tuesday, October 28th. The real estate investment trust reported $1.02 earnings per share for the quarter, meeting the consensus estimate 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 return on equity of 10.30% and a net margin of 37.58%.During the same quarter in the previous year, the business posted $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. On average, sell-side analysts forecast that Equity Residential will post 3.98 earnings per share for the current fiscal year.

Equity Residential Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Friday, January 2nd will be issued a dividend of $0.6925 per share. This represents a $2.77 annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Friday, January 2nd. Equity Residential’s payout ratio is currently 91.42%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Evercore ISI lowered their price objective on shares of Equity Residential from $70.00 to $68.00 and set an “outperform” rating on the stock in a research note on Monday, November 3rd. BNP Paribas cut Equity Residential from an “outperform” rating to a “hold” rating in a report on Monday, September 29th. Stifel Nicolaus set a $79.75 price objective on Equity Residential in a research note on Wednesday, October 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Equity Residential in a research report on Wednesday, October 8th. Finally, Barclays decreased their price target on Equity Residential from $80.00 to $77.00 and set an “overweight” rating for the company in a research report on Tuesday, November 25th. Eight investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $70.02.

About Equity Residential

Equity Residential (NYSE: EQR) is a publicly traded real estate investment trust that acquires, develops, owns and operates rental apartment properties. Headquartered in Chicago, the company focuses on delivering professionally managed, market-rate apartment homes and related services to renters. Its operations cover a range of property types, including high-rise and mid-rise assets, with amenities and on-site management designed to support resident retention and occupancy.

The company’s core activities include property acquisitions, development and redevelopment, leasing, and day-to-day property management.