MQS Management LLC Sells 11,694 Shares of Equity Residential $EQR

MQS Management LLC decreased its holdings in shares of Equity Residential (NYSE:EQR) by 47.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,855 shares of the real estate investment trust’s stock after selling 11,694 shares during the quarter. MQS Management LLC’s holdings in Equity Residential were worth $760,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Norges Bank bought a new position in shares of Equity Residential in the 4th quarter worth $2,201,674,000. Cohen & Steers Inc. increased its stake in Equity Residential by 227.7% in the fourth quarter. Cohen & Steers Inc. now owns 7,405,502 shares of the real estate investment trust’s stock valued at $466,869,000 after acquiring an additional 5,145,442 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Equity Residential by 876.0% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,500,885 shares of the real estate investment trust’s stock worth $291,342,000 after purchasing an additional 4,039,752 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Equity Residential by 797.2% during the 3rd quarter. Wellington Management Group LLP now owns 2,085,406 shares of the real estate investment trust’s stock valued at $134,988,000 after buying an additional 1,852,970 shares in the last quarter. Finally, Alyeska Investment Group L.P. raised its holdings in shares of Equity Residential by 353.5% during the 3rd quarter. Alyeska Investment Group L.P. now owns 2,002,892 shares of the real estate investment trust’s stock valued at $129,647,000 after buying an additional 1,561,241 shares in the last quarter. 92.68% of the stock is currently owned by institutional investors.

Equity Residential Price Performance

Shares of EQR stock opened at $67.86 on Wednesday. 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 has a fifty-two week low of $57.57 and a fifty-two week high of $69.03. The firm has a market cap of $25.43 billion, a P/E ratio of 27.14, a P/E/G ratio of 5.43 and a beta of 0.75. The business’s 50 day moving average price is $65.73 and its 200-day moving average price is $63.09.

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

Equity Residential Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Monday, June 29th will be paid a dividend of $0.7025 per share. The ex-dividend date of this dividend is Monday, June 29th. This represents a $2.81 dividend on an annualized basis and a dividend yield of 4.1%. Equity Residential’s payout ratio is presently 112.40%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Wolfe Research raised shares of Equity Residential from a “hold” rating to an “outperform” rating in a report on Monday, June 1st. Morgan Stanley upgraded Equity Residential from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $72.00 to $74.00 in a report on Thursday, March 26th. The Goldman Sachs Group lowered their price objective on Equity Residential from $71.00 to $69.00 and set a “neutral” rating for the company in a research report on Thursday, April 16th. Barclays increased their price objective on Equity Residential from $75.00 to $76.00 and gave the company an “overweight” rating in a research note on Monday, April 27th. Finally, Wells Fargo & Company lifted their target price on shares of Equity Residential from $62.00 to $64.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Equity Residential has an average rating of “Hold” and an average price target of $70.65.

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.