QRG Capital Management Inc. Has $6.79 Million Position in Equity Residential $EQR

QRG Capital Management Inc. lowered its holdings in Equity Residential (NYSE:EQR) by 58.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 104,861 shares of the real estate investment trust’s stock after selling 147,212 shares during the quarter. QRG Capital Management Inc.’s holdings in Equity Residential were worth $6,788,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Empowered Funds LLC grew its stake in shares of Equity Residential by 3.1% in the 1st quarter. Empowered Funds LLC now owns 7,489 shares of the real estate investment trust’s stock valued at $536,000 after purchasing an additional 226 shares during the period. Swedbank AB grew its position in Equity Residential by 186.2% in the second quarter. Swedbank AB now owns 73,425 shares of the real estate investment trust’s stock valued at $4,955,000 after acquiring an additional 47,771 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in Equity Residential by 14.5% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 23,595 shares of the real estate investment trust’s stock worth $1,578,000 after acquiring an additional 2,996 shares in the last quarter. Exchange Traded Concepts LLC lifted its holdings in shares of Equity Residential by 75.0% during the second quarter. Exchange Traded Concepts LLC now owns 48,037 shares of the real estate investment trust’s stock valued at $3,242,000 after acquiring an additional 20,591 shares during the period. Finally, Global X Japan Co. Ltd. lifted its holdings in shares of 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 period. Institutional investors own 92.68% of the company’s stock.

Equity Residential Price Performance

Shares of EQR stock opened at $62.07 on Friday. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 0.75. Equity Residential has a 12 month low of $58.38 and a 12 month high of $75.86. The firm has a market cap of $23.61 billion, a price-to-earnings ratio of 20.48, a PEG ratio of 3.14 and a beta of 0.75. The stock has a 50-day moving average price of $61.23 and a 200 day moving average price of $63.21.

Equity Residential (NYSE:EQR) last issued its earnings results on Tuesday, October 28th. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.02. The company had revenue of $782.41 million for the quarter, compared to analyst estimates of $779.68 million. Equity Residential had a net margin of 37.58% and a return on equity of 10.30%. During the same quarter last year, the firm earned $0.98 EPS. 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. Research analysts expect that Equity Residential will post 3.98 EPS for the current year.

Equity Residential Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Friday, January 2nd were given a dividend of $0.6925 per share. The ex-dividend date was 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%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on EQR shares. Truist Financial dropped their target price on shares of Equity Residential from $75.00 to $70.00 and set a “buy” rating for the company in a research report on Monday, November 17th. BNP Paribas cut shares of Equity Residential from an “outperform” rating to a “hold” rating in a research note on Monday, September 29th. Scotiabank reduced their target price on Equity Residential from $73.00 to $66.00 and set a “sector perform” rating on the stock in a report on Tuesday, November 4th. Wells Fargo & Company dropped their price target on Equity Residential from $68.00 to $62.00 and set an “equal weight” rating for the company in a report on Monday, November 10th. Finally, Cantor Fitzgerald assumed coverage on Equity Residential in a research note on Wednesday, October 1st. They issued an “overweight” rating and a $70.00 price objective on the stock. Seven analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat, Equity Residential currently has a consensus rating of “Hold” and a consensus price target of $69.95.

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.