Greenland Capital Management LP Cuts Position in Equity Residential $EQR

Greenland Capital Management LP reduced its stake in shares of Equity Residential (NYSE:EQR) by 81.4% in the second quarter, HoldingsChannel reports. The firm owned 13,369 shares of the real estate investment trust’s stock after selling 58,527 shares during the period. Greenland Capital Management LP’s holdings in Equity Residential were worth $902,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Rothschild Investment LLC raised its holdings in Equity Residential by 6.8% in 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% during the 2nd quarter. Cetera Investment Advisers now owns 48,030 shares of the real estate investment trust’s stock worth $3,242,000 after acquiring an additional 183 shares in the last quarter. Avantax Advisory Services Inc. lifted its position in Equity Residential by 0.8% during the first quarter. Avantax Advisory Services Inc. now owns 26,049 shares of the real estate investment trust’s stock valued at $1,865,000 after acquiring an additional 207 shares during the last quarter. Global X Japan Co. Ltd. lifted its position in Equity Residential by 23.4% during 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 acquiring an additional 210 shares during the last quarter. Finally, Empowered Funds LLC boosted its stake in 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 acquiring an additional 226 shares in the last quarter. Hedge funds and other institutional investors own 92.68% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on EQR shares. BMO Capital Markets reduced their price target on Equity Residential from $75.00 to $70.00 and set an “outperform” rating on the stock in a research report on Monday. Royal Bank Of Canada reduced their target price on Equity Residential from $72.00 to $70.00 and set an “outperform” rating on the stock in a research report on Thursday, October 30th. JPMorgan Chase & Co. lowered their price target on Equity Residential from $76.00 to $75.00 in a report on Tuesday, September 16th. Truist Financial dropped their price target on Equity Residential from $75.00 to $70.00 and set a “buy” rating on the stock in a research note on Monday. Finally, Wells Fargo & Company decreased their price objective 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. Eight investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, Equity Residential presently has a consensus rating of “Hold” and a consensus target price of $70.83.

Equity Residential Stock Down 0.4%

Shares of EQR stock opened at $58.97 on Thursday. Equity Residential has a fifty-two week low of $58.38 and a fifty-two week high of $78.32. The firm has a market capitalization of $22.43 billion, a PE ratio of 19.46, 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 quick ratio of 0.17 and a current ratio of 0.45. The stock’s 50-day simple moving average is $62.28 and its 200-day simple moving average is $65.43.

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 analysts’ consensus estimates of $1.02. Equity Residential had a return on equity of 10.30% and a net margin of 37.58%.The firm had revenue of $782.41 million for the quarter, compared to analyst estimates 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. Equities analysts expect that Equity Residential will post 3.98 earnings per share for the current year.

Equity Residential Dividend Announcement

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

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.