Public Employees Retirement System of Ohio Sells 50,811 Shares of Equity Residential $EQR

Public Employees Retirement System of Ohio reduced its stake in Equity Residential (NYSE:EQR) by 8.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 563,268 shares of the real estate investment trust’s stock after selling 50,811 shares during the period. Public Employees Retirement System of Ohio’s holdings in Equity Residential were worth $33,317,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EQR. Norges Bank purchased a new stake in shares of Equity Residential during the fourth quarter valued at approximately $2,201,674,000. State Street Corp increased its stake in shares of Equity Residential by 2.8% in the third quarter. State Street Corp now owns 24,922,935 shares of the real estate investment trust’s stock worth $1,630,103,000 after buying an additional 688,854 shares during the period. Geode Capital Management LLC increased its stake in shares of Equity Residential by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 10,258,275 shares of the real estate investment trust’s stock worth $644,412,000 after buying an additional 114,604 shares during the period. First Eagle Investment Management LLC increased its stake in shares of Equity Residential by 0.5% in the fourth quarter. First Eagle Investment Management LLC now owns 9,242,013 shares of the real estate investment trust’s stock worth $582,617,000 after buying an additional 44,127 shares during the period. Finally, Cohen & Steers Inc. raised its holdings in Equity Residential by 227.7% during the 4th quarter. Cohen & Steers Inc. now owns 7,405,502 shares of the real estate investment trust’s stock valued at $466,869,000 after buying an additional 5,145,442 shares during the last quarter. Institutional investors own 92.68% of the company’s stock.

Equity Residential Price Performance

Shares of Equity Residential stock opened at $67.87 on Friday. The business has a 50 day moving average of $67.31 and a 200 day moving average of $63.94. Equity Residential has a 52 week low of $57.57 and a 52 week high of $71.50. The company has a market cap of $25.45 billion, a PE ratio of 29.51, a P/E/G ratio of 5.43 and a beta of 0.74. The company has a quick ratio of 0.18, a current ratio of 0.19 and a debt-to-equity ratio of 0.77.

Equity Residential (NYSE:EQR) last released its quarterly earnings results 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). The company had revenue of $779.85 million during the quarter, compared to the consensus estimate of $781.79 million. Equity Residential had a net margin of 27.97% and a return on equity of 8.06%. The business’s revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the firm 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 forecast that Equity Residential will post 4.08 earnings per share for the current year.

Equity Residential Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Monday, June 29th were given a $0.7025 dividend. This represents a $2.81 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend was Monday, June 29th. Equity Residential’s dividend payout ratio (DPR) is currently 112.40%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Jefferies Financial Group raised shares of Equity Residential to a “hold” rating in a research report on Wednesday. BMO Capital Markets boosted their price objective on shares of Equity Residential from $68.00 to $75.00 and gave the company a “market perform” rating in a research report on Monday, June 8th. JPMorgan Chase & Co. upped their price objective on shares of Equity Residential from $71.00 to $72.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $72.00 price objective on shares of Equity Residential in a research note on Monday. Finally, Piper Sandler increased their target price on shares of Equity Residential from $72.00 to $75.00 and gave the stock a “neutral” rating in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and fourteen have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $71.40.

Equity Residential Company 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.