Northwestern Mutual Wealth Management Co. Sells 163 Shares of Equity Residential $EQR

Northwestern Mutual Wealth Management Co. lessened its position in Equity Residential (NYSE:EQR) by 10.7% during the 1st quarter, HoldingsChannel.com reports. The fund owned 1,357 shares of the real estate investment trust’s stock after selling 163 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Equity Residential were worth $97,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Versant Capital Management Inc raised its holdings in Equity Residential by 51.6% in the 1st quarter. Versant Capital Management Inc now owns 461 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 157 shares during the period. GKV Capital Management Co. Inc. bought a new position in Equity Residential in the 1st quarter worth $37,000. Keystone Global Partners LLC bought a new position in Equity Residential in the 1st quarter worth $47,000. Zions Bancorporation National Association UT bought a new position in shares of Equity Residential during the 1st quarter worth about $48,000. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in shares of Equity Residential by 27.6% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 740 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 160 shares during the period. Institutional investors own 92.68% of the company’s stock.

Equity Residential Stock Performance

NYSE EQR opened at $66.76 on Friday. The stock has a market cap of $25.50 billion, a P/E ratio of 25.19, a PEG ratio of 3.33 and a beta of 0.93. The company’s 50-day simple moving average is $65.48 and its 200 day simple moving average is $68.08. Equity Residential has a twelve month low of $59.41 and a twelve month high of $78.83. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.75.

Equity Residential (NYSE:EQR) last posted its earnings results 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. The business had revenue of $768.83 million for the quarter, compared to analysts’ expectations of $770.60 million. Equity Residential had a net margin of 33.22% and a return on equity of 9.05%. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.97 earnings per share. 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, research analysts forecast that Equity Residential will post 3.98 earnings per share for the current fiscal year.

Equity Residential Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 11th. Investors of record on Tuesday, June 24th were paid a $0.6925 dividend. The ex-dividend date of this dividend was Tuesday, June 24th. This represents a $2.77 dividend on an annualized basis and a yield of 4.1%. Equity Residential’s payout ratio is presently 104.53%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Wells Fargo & Company dropped their price objective on shares of Equity Residential from $75.00 to $68.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 27th. UBS Group dropped their price objective on shares of Equity Residential from $84.00 to $76.00 and set a “buy” rating on the stock in a report on Tuesday, July 15th. Stifel Nicolaus set a $80.50 price objective on shares of Equity Residential and gave the stock a “buy” rating in a report on Tuesday, August 5th. Mizuho dropped their price objective on shares of Equity Residential from $76.00 to $71.00 and set a “neutral” rating on the stock in a report on Friday, May 23rd. Finally, Evercore ISI dropped their price objective on shares of Equity Residential from $72.00 to $71.00 and set an “outperform” rating on the stock in a report on Tuesday, August 12th. Eight investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $76.90.

Equity Residential Company 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.