Hsbc Holdings PLC Has $105.46 Million Holdings in Equity Residential $EQR

Key Points

• Hsbc Holdings PLC reduced its shareholding in Equity Residential by 7.1%, retaining 1,473,662 shares worth approximately $105.46 million, as per their latest SEC filing.
• Institutional investors collectively own 92.68% of Equity Residential's stock, highlighting strong confidence in the company among large investors.
• Equity Residential's current market performance includes a 12-month price range between $59.41 and $78.83, with analysts providing a consensus target price of $77.78.

Hsbc Holdings PLC trimmed its holdings in shares of Equity Residential (NYSE:EQR - Free Report) by 7.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,473,662 shares of the real estate investment trust's stock after selling 112,132 shares during the quarter. Hsbc Holdings PLC owned about 0.39% of Equity Residential worth $105,459,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Versant Capital Management Inc increased its holdings in shares of Equity Residential by 51.6% during the first quarter. Versant Capital Management Inc now owns 461 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 157 shares during the period. GKV Capital Management Co. Inc. bought a new stake in shares of Equity Residential in the first quarter valued at approximately $37,000. Keystone Global Partners LLC acquired a new stake in Equity Residential during the first quarter worth approximately $47,000. Zions Bancorporation National Association UT bought a new position in Equity Residential during the 1st quarter worth $48,000. Finally, Kapitalo Investimentos Ltda bought a new position in Equity Residential during the 4th quarter worth $51,000. Institutional investors own 92.68% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on EQR shares. Stifel Nicolaus set a $80.50 target price on Equity Residential and gave the company a "buy" rating in a research report on Tuesday, August 5th. Scotiabank cut their price objective on shares of Equity Residential from $78.00 to $77.00 and set a "sector perform" rating for the company in a research report on Thursday, August 14th. Royal Bank Of Canada increased their price objective on shares of Equity Residential from $75.00 to $76.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Evercore ISI dropped their target price on shares of Equity Residential from $72.00 to $71.00 and set an "outperform" rating for the company in a research report on Tuesday, August 12th. Finally, UBS Group cut their price target on shares of Equity Residential from $84.00 to $76.00 and set a "buy" rating for the company in a report on Tuesday, July 15th. Eight research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $77.78.

Equity Residential Stock Performance

NYSE:EQR opened at $64.4680 on Thursday. Equity Residential has a twelve month low of $59.41 and a twelve month high of $78.83. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.75. The stock's 50-day simple moving average is $66.23 and its 200 day simple moving average is $68.58. The firm has a market capitalization of $24.62 billion, a PE ratio of 24.33, a price-to-earnings-growth ratio of 3.27 and a beta of 0.92.

Equity Residential (NYSE:EQR - Get Free Report) last posted its earnings results on Monday, August 4th. The real estate investment trust reported $0.99 EPS for the quarter, hitting analysts' consensus estimates of $0.99. Equity Residential had a net margin of 33.22% and a return on equity of 9.05%. The firm had revenue of $768.83 million during the quarter, compared to analysts' expectations of $770.60 million. During the same quarter in the prior year, the business earned $0.97 earnings per share. The business's revenue for the quarter was up 4.7% compared to the same quarter last year. Equity Residential has set its FY 2025 guidance at 3.970-4.030 EPS. Q3 2025 guidance at 0.990-1.030 EPS. On average, analysts anticipate that Equity Residential will post 3.98 EPS for the current fiscal year.

Equity Residential Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Tuesday, June 24th were given a $0.6925 dividend. The ex-dividend date was Tuesday, June 24th. This represents a $2.77 dividend on an annualized basis and a yield of 4.3%. Equity Residential's dividend payout ratio (DPR) is currently 104.53%.

Equity Residential Company Profile

Equity Residential is committed to creating communities where people thrive. The Company, a member of the S&P 500, is focused on the acquisition, development and management of residential properties located in and around dynamic cities that attract affluent long-term renters. Equity Residential owns or has investments in 305 properties consisting of 80,683 apartment units, with an established presence in Boston, New York, Washington, DC, Seattle, San Francisco and Southern California, and an expanding presence in Denver, Atlanta, Dallas/Ft.

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