PNC Financial Services Group Inc. increased its stake in Equity Residential (NYSE:EQR) by 9.0%, acquiring an additional 4,499 shares to total 54,271 shares valued at approximately $3.9 million. The company's holdings were reported in its most recent 13F filing with the SEC. Equity Residential recently reported earnings of $0.99 per share for the quarter, meeting analysts' expectations, with revenue up 4.7% year-over-year. The company declared a quarterly dividend of $0.6925, translating to an annualized yield of 4.3% despite a payout ratio of 105.73%. Several other large investors have also modified their holdings in EQR: LPL Financial LLC boosted its position by 5.9%, Wells Fargo & Company MN by 0.6%, Envestnet Asset Management Inc. by 19.4%, FIL Ltd by 113.2%, and Raymond James Financial Inc. acquired a new stake valued at $13.921 million. Institutional investors and hedge funds own 92.68% of the company's stock. Equity Residential traded down 1.1% to $63.19 during midday trading on Friday, with a volume of 1,337,577 shares compared to its average of 2,193,361. The firm has a market capitalization of $24.13 billion, a P/E ratio of 23.85, a P/E/G ratio of 3.25, and a beta of 0.92. The company's 1-year low is $59.41 and 1-year high is $78.83. Its 50-day moving average is $67.13 and 200-day moving average is $68.89. Financial metrics include a quick ratio of 0.20, current ratio of 0.17, and a debt-to-equity ratio of 0.75. The company reported $0.99 EPS, hitting the consensus estimate, with a return on equity of 9.05% and a net margin of 33.22%. Revenue was $768.83 million, up 4.7% year-over-year, compared to $770.60 million in estimates. Analysts forecast 3.98 EPS for the current fiscal year. The dividend was paid on July 11th to shareholders of record on June 24th, with an ex-dividend date of June 24th, resulting in an annualized dividend of $2.77 and a yield of 4.4%. The dividend payout ratio is 104.53%. Research firms have issued varying ratings and price targets: Mizuho cut its price target to $71.00 and set a 'neutral' rating; Evercore ISI raised it to $75.00 with an 'outperform' rating; Barclays raised it to $83.00 with an 'overweight' rating; Wedbush maintained a 'neutral' rating at $75.00; Scotiabank lowered it to $78.00 with a 'sector perform' rating. One analyst has a sell rating, seven have a hold, and eight have a buy rating. The consensus rating is 'Hold' with an average target price of $78.43. Equity Residential is a member of the S&P 500 and focuses on acquiring, developing, and managing residential properties in dynamic cities such as Boston, New York, Washington, DC, Seattle, San Francisco, Southern California, Denver, Atlanta, and Dallas/Ft. The company owns or has investments in 305 properties with 80,683 apartment units.

PNC Financial Services Group Inc. Boosts Stock Position in Equity Residential (NYSE:EQR)

PNC Financial Services Group Inc. increased its stake in Equity Residential (NYSE:EQR) by 9.0%, acquiring 4,499 shares to total 54,271 shares valued at approximately $3.9 million, as reported in its most recent 13F filing with the SEC. Equity Residential reported earnings of $0.99 per share, meeting analyst expectations, with revenue up 4.7% year-over-year. The company declared a quarterly dividend of $0.6925, resulting in an annualized yield of 4.3% despite a payout ratio of 105.73%. Other major investors, including LPL Financial LLC, Wells Fargo & Company MN, Envestnet Asset Management Inc., FIL Ltd, and Raymond James Financial Inc., also adjusted their holdings. Institutional investors and hedge funds collectively own 92.68% of the company's stock. Equity Residential's stock traded down 1.1% to $63.19 during midday trading, with a market cap of $24.13 billion, P/E ratio of 23.85, and a dividend payout ratio of 104.53%. Analysts have issued varied ratings and price targets, with a consensus rating of 'Hold' and an average target price of $78.43. The company operates in dynamic U.S. cities and manages 305 properties with 80,683 apartment units.