USS Investment Management Ltd Acquires 10,834 Shares of Equity Residential $EQR

USS Investment Management Ltd increased its holdings in shares of Equity Residential (NYSE:EQR) by 12.3% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 99,004 shares of the real estate investment trust’s stock after purchasing an additional 10,834 shares during the period. USS Investment Management Ltd’s holdings in Equity Residential were worth $5,858,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in Equity Residential in the 4th quarter worth approximately $2,201,674,000. Cohen & Steers Inc. boosted its position in shares of 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 period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Equity Residential by 876.0% in the third 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 valued at $291,342,000 after acquiring an additional 4,039,752 shares during the period. Wellington Management Group LLP grew its stake in shares of Equity Residential by 797.2% in the third quarter. Wellington Management Group LLP now owns 2,085,406 shares of the real estate investment trust’s stock worth $134,988,000 after acquiring an additional 1,852,970 shares during the last quarter. Finally, Alyeska Investment Group L.P. grew its stake in shares of Equity Residential by 353.5% in the third quarter. Alyeska Investment Group L.P. now owns 2,002,892 shares of the real estate investment trust’s stock worth $129,647,000 after acquiring an additional 1,561,241 shares during the last quarter. Institutional investors own 92.68% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on EQR. Jefferies Financial Group upgraded shares of Equity Residential to a “hold” rating in a research note on Friday, June 26th. Argus set a $70.00 price target on shares of Equity Residential in a research report on Thursday, March 12th. Wells Fargo & Company boosted their price objective on shares of Equity Residential from $62.00 to $64.00 and gave the stock an “equal weight” rating in a report on Thursday, April 23rd. Bank of America raised shares of Equity Residential from a “neutral” rating to a “buy” rating and set a $76.00 price objective for the company in a research report on Wednesday, May 27th. Finally, BMO Capital Markets increased their target price on shares of Equity Residential from $68.00 to $75.00 and gave the company a “market perform” rating in a research note on Monday, June 8th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and thirteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Equity Residential presently has an average rating of “Hold” and an average target price of $70.65.

Equity Residential Stock Performance

Shares of NYSE EQR opened at $69.75 on Friday. The firm has a market capitalization of $26.13 billion, a price-to-earnings ratio of 27.90, a PEG ratio of 5.45 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 business has a fifty day simple moving average of $65.99 and a 200 day simple moving average of $63.21. 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 posted its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.24 earnings per share 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 analyst estimates of $781.79 million. Equity Residential had a return on equity of 8.57% and a net margin of 30.63%.The firm’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior 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. Sell-side analysts expect that Equity Residential will post 4.09 EPS for the current year.

Equity Residential Announces Dividend

The firm also recently announced 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 payout ratio is presently 112.40%.

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.