Equity Residential $EQR Shares Bought by QRG Capital Management Inc.

QRG Capital Management Inc. raised its position in Equity Residential (NYSE:EQR) by 21.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 123,779 shares of the real estate investment trust’s stock after buying an additional 21,554 shares during the period. QRG Capital Management Inc.’s holdings in Equity Residential were worth $7,322,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Fulcrum Asset Management LLP purchased a new position in shares of Equity Residential in the 3rd quarter valued at about $27,000. Rosenberg Matthew Hamilton boosted its position in Equity Residential by 69.2% during the fourth quarter. Rosenberg Matthew Hamilton now owns 440 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 180 shares in the last quarter. Zions Bancorporation National Association UT boosted its position in Equity Residential by 375.2% during the fourth quarter. Zions Bancorporation National Association UT now owns 480 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 379 shares in the last quarter. DV Equities LLC acquired a new stake in Equity Residential in the fourth quarter valued at approximately $30,000. Finally, Harvest Fund Management Co. Ltd acquired a new stake in Equity Residential in the third quarter valued at approximately $31,000. 92.68% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on EQR. Barclays upped their target price on Equity Residential from $75.00 to $76.00 and gave the stock an “overweight” rating in a research note on Monday, April 27th. Nordea Equity Research raised shares of Equity Residential to a “buy” rating in a research note on Wednesday, May 27th. Bank of America raised shares of Equity Residential from a “neutral” rating to a “buy” rating and set a $76.00 price target for the company in a report on Wednesday, May 27th. Truist Financial upped their price objective on shares of Equity Residential from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Tuesday, June 16th. Finally, Weiss Ratings raised shares of Equity Residential from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and thirteen have assigned a Hold rating to the stock. According to data from MarketBeat, Equity Residential presently has an average rating of “Hold” and a consensus target price of $70.65.

Equity Residential Price Performance

Shares of Equity Residential stock opened at $69.75 on Friday. The stock has a market capitalization of $26.13 billion, a P/E ratio of 27.90, a PEG ratio of 5.54 and a beta of 0.74. The business has a 50 day simple moving average of $66.15 and a two-hundred day simple moving average of $63.26. Equity Residential has a 12 month low of $57.57 and a 12 month high of $69.83. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.18 and a quick ratio of 0.18.

Equity Residential (NYSE:EQR) last issued its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.09). Equity Residential had a return on equity of 8.57% and a net margin of 30.63%.The firm had revenue of $779.85 million during the quarter, compared to analyst estimates of $781.79 million. During the same period in the prior year, the firm earned $0.95 earnings per share. The business’s revenue was up 2.5% on a year-over-year basis. Equity Residential has set its FY 2026 guidance at 4.020-4.140 EPS and its Q2 2026 guidance at 0.980-1.020 EPS. As a group, analysts predict that Equity Residential will post 4.09 EPS for the current fiscal year.

Equity Residential Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Monday, June 29th will be paid a dividend of $0.7025 per share. This represents a $2.81 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Monday, June 29th. Equity Residential’s payout ratio is 112.40%.

About Equity Residential

Equity Residential (NYSE: EQR) is a publicly traded real estate investment trust that acquires, develops, owns and operates rental apartment properties. Headquartered in Chicago, the company focuses on delivering professionally managed, market-rate apartment homes and related services to renters. Its operations cover a range of property types, including high-rise and mid-rise assets, with amenities and on-site management designed to support resident retention and occupancy.

The company’s core activities include property acquisitions, development and redevelopment, leasing, and day-to-day property management.