KBC Group NV Has $19.13 Million Stock Position in Equity Residential $EQR

KBC Group NV reduced its stake in shares of Equity Residential (NYSE:EQR) by 36.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 283,392 shares of the real estate investment trust’s stock after selling 164,797 shares during the quarter. KBC Group NV’s holdings in Equity Residential were worth $19,126,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Equity Residential by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 56,000,934 shares of the real estate investment trust’s stock worth $4,008,547,000 after purchasing an additional 199,943 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of Equity Residential by 5.6% in the 1st 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. Invesco Ltd. grew its holdings in shares of Equity Residential by 1.7% during the 1st quarter. Invesco Ltd. now owns 6,634,446 shares of the real estate investment trust’s stock worth $474,894,000 after purchasing an additional 112,004 shares in the last quarter. Resolution Capital Ltd increased its holdings in Equity Residential by 3.8% in the 1st quarter. Resolution Capital Ltd now owns 5,077,065 shares of the real estate investment trust’s stock valued at $363,416,000 after buying an additional 185,876 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in 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 purchasing an additional 198,344 shares in the last quarter. 92.68% of the stock is owned by institutional investors.

Equity Residential Stock Performance

Shares of NYSE:EQR opened at $59.20 on Friday. The firm’s 50 day simple moving average is $62.86 and its 200 day simple moving average is $65.77. Equity Residential has a fifty-two week low of $58.38 and a fifty-two week high of $78.32. The company has a market capitalization of $22.53 billion, a price-to-earnings ratio of 19.54, a P/E/G ratio of 2.99 and a beta of 0.88. 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 issued its earnings results on Tuesday, October 28th. The real estate investment trust reported $1.02 EPS for the quarter, meeting the consensus estimate of $1.02. Equity Residential had a net margin of 37.58% and a return on equity of 10.30%. The firm had revenue of $782.41 million during the quarter, compared to the consensus estimate of $779.68 million. During the same quarter in the prior year, the firm earned $0.98 earnings per share. Equity Residential has set its Q4 2025 guidance at 1.020-1.060 EPS. FY 2025 guidance at 3.980-4.020 EPS. As a group, sell-side analysts forecast that Equity Residential will post 3.98 earnings per share for the current year.

Equity Residential Announces Dividend

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

Analysts Set New Price Targets

Several research firms have recently weighed in on EQR. Jefferies Financial Group lowered their target price on shares of Equity Residential from $70.00 to $68.00 and set a “hold” rating on the stock in a report on Monday, October 13th. The Goldman Sachs Group decreased their price objective on Equity Residential from $72.00 to $70.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 17th. Morgan Stanley dropped their target price on Equity Residential from $75.00 to $73.50 and set an “equal weight” rating for the company in a research report on Thursday. Weiss Ratings reiterated a “hold (c)” rating on shares of Equity Residential in a report on Wednesday, October 8th. Finally, Royal Bank Of Canada lowered their price objective on Equity Residential from $72.00 to $70.00 and set an “outperform” rating for the company in a research report on Thursday, October 30th. Seven research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $71.42.

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.