Hsbc Holdings PLC Sells 197,730 Shares of Equity Residential $EQR

Hsbc Holdings PLC lessened its stake in Equity Residential (NYSE:EQR) by 13.4% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 1,275,932 shares of the real estate investment trust’s stock after selling 197,730 shares during the quarter. Hsbc Holdings PLC’s holdings in Equity Residential were worth $86,009,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. CVA Family Office LLC grew its stake in Equity Residential by 425.3% during the 2nd quarter. CVA Family Office LLC now owns 415 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 336 shares during the last quarter. GKV Capital Management Co. Inc. purchased a new stake in shares of Equity Residential in the first quarter worth about $37,000. Keystone Global Partners LLC purchased a new position in Equity Residential in the first quarter valued at $47,000. FNY Investment Advisers LLC raised its stake in shares of Equity Residential by 1,000.0% during the 2nd quarter. FNY Investment Advisers LLC now owns 660 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 600 shares during the period. Finally, Zions Bancorporation National Association UT purchased a new stake in Equity Residential during the 1st quarter worth approximately $48,000. 92.68% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on EQR shares. Stifel Nicolaus set a $79.75 price target on shares of Equity Residential in a research note on Wednesday, October 29th. Wall Street Zen raised Equity Residential from a “sell” rating to a “hold” rating in a report on Monday, November 3rd. Barclays lowered their target price on shares of Equity Residential from $80.00 to $77.00 and set an “overweight” rating on the stock in a report on Tuesday. The Goldman Sachs Group cut their price target on shares of Equity Residential from $72.00 to $70.00 and set a “neutral” rating for the company in a report on Wednesday, September 17th. Finally, BMO Capital Markets lowered their price objective on Equity Residential from $75.00 to $70.00 and set an “outperform” rating on the stock in a report on Monday, November 17th. Eight analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $70.27.

Equity Residential Trading Up 0.3%

Shares of Equity Residential stock opened at $61.75 on Friday. The company has a 50-day moving average of $61.65 and a two-hundred day moving average of $64.97. Equity Residential has a 12-month low of $58.38 and a 12-month high of $77.75. The company has a current ratio of 0.45, a quick ratio of 0.17 and a debt-to-equity ratio of 0.75. The stock has a market cap of $23.49 billion, a PE ratio of 20.38, a price-to-earnings-growth ratio of 2.99 and a beta of 0.88.

Equity Residential (NYSE:EQR) last released its quarterly earnings data 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. 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 during the quarter, compared to the consensus estimate of $779.68 million. During the same period last year, the business posted $0.98 EPS. Equity Residential has set its Q4 2025 guidance at 1.020-1.060 EPS. FY 2025 guidance at 3.980-4.020 EPS. On average, research analysts anticipate that Equity Residential will post 3.98 EPS for the current fiscal year.

Equity Residential Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 10th. Stockholders 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 4.5%. Equity Residential’s dividend payout ratio is currently 91.42%.

About Equity Residential

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.