Strs Ohio Trims Position in Equity Residential $EQR

Strs Ohio cut its stake in shares of Equity Residential (NYSE:EQR) by 7.5% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 212,298 shares of the real estate investment trust’s stock after selling 17,313 shares during the period. Strs Ohio’s holdings in Equity Residential were worth $12,557,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fulcrum Asset Management LLP purchased a new position in Equity Residential during the third quarter valued at approximately $27,000. Rosenberg Matthew Hamilton lifted its stake in Equity Residential by 69.2% in the 4th quarter. Rosenberg Matthew Hamilton now owns 440 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 180 shares in the last quarter. Zions Bancorporation National Association UT lifted its stake in Equity Residential by 375.2% in the 4th quarter. Zions Bancorporation National Association UT now owns 480 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 379 shares in the last quarter. DV Equities LLC purchased a new stake in Equity Residential in the 4th quarter worth approximately $30,000. Finally, Harvest Fund Management Co. Ltd bought a new position in Equity Residential in the 3rd quarter valued at $31,000. 92.68% of the stock is owned by hedge funds and other institutional investors.

Equity Residential Price Performance

EQR stock opened at $69.75 on Friday. The firm has a 50 day simple moving average of $66.15 and a two-hundred day simple moving average of $63.26. The stock has a market cap of $26.13 billion, a PE ratio of 27.90, a P/E/G ratio of 5.54 and a beta of 0.74. Equity Residential has a one year low of $57.57 and a one year high of $69.83. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.18 and a quick ratio of 0.18.

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

Equity Residential Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Monday, June 29th will be given 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 yield of 4.0%. Equity Residential’s dividend payout ratio (DPR) is presently 112.40%.

Analyst Ratings Changes

Several research analysts have recently weighed in on EQR shares. Mizuho upped their price target on shares of Equity Residential from $66.00 to $70.00 and gave the stock a “neutral” rating in a report on Wednesday, June 10th. Piper Sandler reissued a “neutral” rating and set a $72.00 price objective (down from $78.00) on shares of Equity Residential in a research note on Friday, May 29th. BNP Paribas Exane boosted their target price on Equity Residential from $68.00 to $70.00 and gave the stock a “neutral” rating in a research report on Monday, May 18th. Jefferies Financial Group upgraded Equity Residential to a “hold” rating in a research note on Friday, June 26th. Finally, Cantor Fitzgerald raised their price target on Equity Residential from $64.00 to $66.00 and gave the company a “neutral” rating in a report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and thirteen have issued a Hold rating to the company. According to data from MarketBeat.com, Equity Residential presently has a consensus rating of “Hold” and an average target price of $70.65.

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.