OVERSEA CHINESE BANKING Corp Ltd Trims Stock Holdings in Equity Residential $EQR

OVERSEA CHINESE BANKING Corp Ltd cut its holdings in shares of Equity Residential (NYSE:EQR) by 30.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 66,642 shares of the real estate investment trust’s stock after selling 28,526 shares during the period. 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 and hedge funds have also recently bought and sold shares of the company. Norges Bank purchased a new position in Equity Residential during the 2nd quarter worth $2,351,689,000. Prudential Financial Inc. grew its holdings in shares of Equity Residential by 725.6% during the second quarter. Prudential Financial Inc. now owns 1,908,429 shares of the real estate investment trust’s stock worth $128,800,000 after buying an additional 1,677,278 shares during the last quarter. Invesco Ltd. increased its position 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 acquiring an additional 1,384,580 shares during the period. GRS Advisors LLC purchased a new stake in Equity Residential during the 2nd quarter valued at approximately $70,581,000. Finally, Russell Investments Group Ltd. raised its stake in 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 valued at $89,731,000 after acquiring an additional 952,813 shares during the last quarter. Hedge funds and other institutional investors own 92.68% of the company’s stock.

Equity Residential Stock Performance

NYSE EQR opened at $61.17 on Thursday. The business has a 50 day moving average price of $61.13 and a 200 day moving average price of $63.29. The company has a market capitalization of $23.27 billion, a P/E ratio of 20.19, a PEG ratio of 3.05 and a beta of 0.75. Equity Residential has a 1-year low of $58.38 and a 1-year high of $75.86. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.45 and a quick ratio of 0.45.

Equity Residential (NYSE:EQR) last posted its earnings results on Tuesday, October 28th. The real estate investment trust reported $1.02 EPS for the quarter, hitting analysts’ consensus estimates of $1.02. Equity Residential had a return on equity of 10.30% and a net margin of 37.58%.The company had revenue of $782.41 million for the quarter, compared to the consensus estimate of $779.68 million. During the same period 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. Sell-side analysts expect that Equity Residential will post 3.98 EPS for the current fiscal year.

Equity Residential Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Friday, January 2nd will be issued a dividend of $0.6925 per share. This represents a $2.77 annualized dividend and a yield of 4.5%. The ex-dividend date is Friday, January 2nd. Equity Residential’s dividend payout ratio (DPR) is 91.42%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on EQR. Weiss Ratings reissued a “hold (c)” rating on shares of Equity Residential in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of Equity Residential from a “sell” rating to a “hold” rating in a research report on Monday, November 3rd. The Goldman Sachs Group lowered their target price on shares of Equity Residential from $72.00 to $70.00 and set a “neutral” rating on the stock in a report on Wednesday, September 17th. Stifel Nicolaus set a $79.75 price objective on shares of Equity Residential in a research report on Wednesday, October 29th. Finally, Truist Financial lowered their price objective on Equity Residential from $75.00 to $70.00 and set a “buy” rating on the stock in a report on Monday, November 17th. Seven analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $70.14.

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.