Louisiana State Employees Retirement System Invests $1.03 Million in Equity Residential $EQR

Louisiana State Employees Retirement System purchased a new position in Equity Residential (NYSE:EQR) during the first quarter, HoldingsChannel reports. The firm purchased 17,500 shares of the real estate investment trust’s stock, valued at approximately $1,035,000.

Other hedge funds have also bought and sold shares of the company. Fulcrum Asset Management LLP purchased a new stake in Equity Residential during the third quarter valued at $27,000. Rosenberg Matthew Hamilton grew its holdings in Equity Residential by 69.2% during the 4th quarter. Rosenberg Matthew Hamilton now owns 440 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 180 shares in the last quarter. Zions Bancorporation National Association UT lifted 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 worth $30,000 after buying an additional 379 shares in the last quarter. DV Equities LLC purchased a new position in shares of Equity Residential in the fourth quarter worth $30,000. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of Equity Residential in the third quarter worth about $31,000. Hedge funds and other institutional investors own 92.68% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Evercore increased their price target on Equity Residential from $70.00 to $71.00 in a research note on Monday, June 8th. UBS Group upped their price objective on Equity Residential from $71.00 to $73.00 and gave the stock a “buy” rating in a report on Thursday, May 14th. Royal Bank Of Canada downgraded Equity Residential from an “outperform” rating to a “sector perform” rating and increased their target price for the company from $69.00 to $70.00 in a research report on Monday, June 8th. Wall Street Zen lowered shares of Equity Residential from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. Finally, Stifel Nicolaus boosted their price target on shares of Equity Residential from $78.25 to $79.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and thirteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $70.65.

Equity Residential Stock Down 0.1%

NYSE:EQR opened at $69.75 on Friday. Equity Residential has a twelve month low of $57.57 and a twelve month high of $69.83. The stock has a fifty day simple moving average of $66.15 and a 200-day simple moving average of $63.26. The company has a market cap of $26.13 billion, a price-to-earnings ratio of 27.90, a price-to-earnings-growth ratio of 5.54 and a beta of 0.74. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.77.

Equity Residential (NYSE:EQR) last issued 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 company had revenue of $779.85 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.95 earnings per share. 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. Analysts anticipate that Equity Residential will post 4.09 EPS for the current year.

Equity Residential Announces Dividend

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