QRG Capital Management Inc. Increases Position in Equity Residential $EQR

QRG Capital Management Inc. raised its holdings in Equity Residential (NYSE:EQR) by 21.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 123,779 shares of the real estate investment trust’s stock after acquiring 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.

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

Analyst Upgrades and Downgrades

A number of research firms have weighed in on EQR. Wolfe Research raised Equity Residential from a “hold” rating to an “outperform” rating in a research note on Monday, June 1st. Stifel Nicolaus raised their target price on Equity Residential from $78.25 to $79.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. Evercore lifted their price target on Equity Residential from $70.00 to $71.00 in a report on Monday, June 8th. Morgan Stanley raised shares of Equity Residential from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $72.00 to $74.00 in a research report on Thursday, March 26th. Finally, Cantor Fitzgerald upped their price objective on shares of Equity Residential from $64.00 to $66.00 and gave the company a “neutral” rating in a report on Monday, May 4th. One investment 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 MarketBeat, Equity Residential presently has a consensus rating of “Hold” and a consensus price target of $70.65.

Equity Residential Trading Down 0.1%

EQR opened at $69.75 on Friday. Equity Residential has a one year low of $57.57 and a one year high of $69.83. The stock has a market capitalization of $26.13 billion, a PE ratio of 27.90, a P/E/G ratio of 5.54 and a beta of 0.74. The business’s 50 day moving average price is $66.15 and its 200 day moving average price is $63.26. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.18 and a current ratio of 0.18.

Equity Residential (NYSE:EQR) last posted its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.09). The business had revenue of $779.85 million for the quarter, compared to analyst estimates of $781.79 million. Equity Residential had a return on equity of 8.57% and a net margin of 30.63%.Equity Residential’s revenue was up 2.5% compared to the same quarter last year. During the same period last year, the business earned $0.95 EPS. 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, equities research analysts expect that Equity Residential will post 4.09 EPS for the current year.

Equity Residential Announces Dividend

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

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.