OVERSEA CHINESE BANKING Corp Ltd Trims Stake in Equity Residential $EQR

OVERSEA CHINESE BANKING Corp Ltd lessened its stake in shares of Equity Residential (NYSE:EQR) by 30.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 66,642 shares of the real estate investment trust’s stock after selling 28,526 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Equity Residential were worth $4,314,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Equity Residential in the second quarter valued at $2,351,689,000. Prudential Financial Inc. raised its stake in Equity Residential by 725.6% in the 2nd quarter. Prudential Financial Inc. now owns 1,908,429 shares of the real estate investment trust’s stock valued at $128,800,000 after purchasing an additional 1,677,278 shares during the last quarter. Invesco Ltd. lifted its holdings in Equity Residential by 20.9% in the 2nd quarter. Invesco Ltd. now owns 8,019,026 shares of the real estate investment trust’s stock valued at $541,204,000 after purchasing an additional 1,384,580 shares in the last quarter. GRS Advisors LLC acquired a new stake in shares of Equity Residential during the 2nd quarter worth about $70,581,000. Finally, Russell Investments Group Ltd. boosted its stake in shares of Equity Residential by 252.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 1,329,615 shares of the real estate investment trust’s stock worth $89,731,000 after purchasing an additional 952,813 shares during the last quarter. 92.68% of the stock is owned by institutional investors and hedge funds.

Equity Residential Trading Up 1.6%

Shares of EQR opened at $61.17 on Thursday. Equity Residential has a twelve month low of $58.38 and a twelve month high of $75.86. The firm has a market capitalization of $23.27 billion, a P/E ratio of 20.19, a price-to-earnings-growth ratio of 3.05 and a beta of 0.75. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.75. The stock’s fifty day simple moving average is $61.13 and its 200 day simple moving average is $63.29.

Equity Residential (NYSE:EQR) last posted its quarterly earnings results on Tuesday, October 28th. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.02. The firm had revenue of $782.41 million during the quarter, compared to the consensus estimate of $779.68 million. Equity Residential had a return on equity of 10.30% and a net margin of 37.58%.During the same quarter in the previous year, the business earned $0.98 earnings per share. Equity Residential has set its Q4 2025 guidance at 1.020-1.060 EPS and its FY 2025 guidance at 3.980-4.020 EPS. On average, equities research analysts forecast 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 will be paid on Friday, January 16th. Investors of record on Friday, January 2nd will be issued a dividend of $0.6925 per share. The ex-dividend date is Friday, January 2nd. This represents a $2.77 annualized dividend and a dividend yield of 4.5%. Equity Residential’s payout ratio is presently 91.42%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. BNP Paribas lowered shares of Equity Residential from an “outperform” rating to a “hold” rating in a research report on Monday, September 29th. Cantor Fitzgerald started coverage on Equity Residential in a report on Wednesday, October 1st. They issued an “overweight” rating and a $70.00 price target for the company. JPMorgan Chase & Co. reduced their price target on Equity Residential from $75.00 to $71.00 and set a “neutral” rating on the stock in a research note on Thursday, December 4th. 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 report on Wednesday, September 17th. Finally, Mizuho dropped their target price on Equity Residential from $66.00 to $65.00 and set a “neutral” rating for the company in a research note on Monday, November 24th. Seven research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat.com, Equity Residential currently has an average rating of “Hold” and an average target price of $70.14.

Equity Residential Profile

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.