Equity Residential $EQR Shares Purchased by Strs Ohio

Strs Ohio raised its holdings in shares of Equity Residential (NYSE:EQR) by 3.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 256,224 shares of the real estate investment trust’s stock after acquiring an additional 8,935 shares during the quarter. Strs Ohio’s holdings in Equity Residential were worth $17,293,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. CVA Family Office LLC boosted its position in shares of Equity Residential by 425.3% during the 2nd quarter. CVA Family Office LLC now owns 415 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 336 shares in the last quarter. GKV Capital Management Co. Inc. acquired a new position in shares of Equity Residential during the 1st quarter worth about $37,000. FNY Investment Advisers LLC boosted its position in shares of Equity Residential by 1,000.0% during the 2nd quarter. FNY Investment Advisers LLC now owns 660 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 600 shares in the last quarter. Keystone Global Partners LLC acquired a new position in shares of Equity Residential during the 1st quarter worth about $47,000. Finally, Zions Bancorporation National Association UT acquired a new position in shares of Equity Residential during the 1st quarter worth about $48,000. 92.68% of the stock is owned by institutional investors and hedge funds.

Equity Residential Stock Down 1.4%

EQR opened at $59.44 on Friday. The business has a 50 day moving average price of $63.88 and a two-hundred day moving average price of $66.32. The company has a quick ratio of 0.17, a current ratio of 0.45 and a debt-to-equity ratio of 0.75. The company has a market cap of $22.70 billion, a PE ratio of 19.62, a P/E/G ratio of 2.99 and a beta of 0.90. Equity Residential has a 52 week low of $58.51 and a 52 week high of $78.32.

Equity Residential (NYSE:EQR) last posted its quarterly earnings data on Tuesday, October 28th. The real estate investment trust reported $1.02 EPS for the quarter, meeting the consensus estimate of $1.02. The firm had revenue of $782.41 million during the quarter, compared to the consensus estimate of $779.68 million. Equity Residential had a return on equity of 10.30% and a net margin of 37.58%.During the same period in the prior year, the business earned $0.98 EPS. Equity Residential has set its Q4 2025 guidance at 1.020-1.060 EPS. FY 2025 guidance at 3.980-4.020 EPS. As a group, research analysts anticipate that Equity Residential will post 3.98 EPS for the current year.

Equity Residential Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Thursday, September 25th were paid a dividend of $0.6925 per share. The ex-dividend date of this dividend was Thursday, September 25th. This represents a $2.77 annualized dividend and a yield of 4.7%. Equity Residential’s dividend payout ratio is currently 91.42%.

Analyst Upgrades and Downgrades

EQR has been the subject of several analyst reports. Royal Bank Of Canada lowered their price objective on Equity Residential from $72.00 to $70.00 and set an “outperform” rating for the company in a research report on Thursday. Wall Street Zen downgraded Equity Residential from a “hold” rating to a “sell” rating in a report on Sunday, October 26th. Evercore ISI reduced their target price on Equity Residential from $72.00 to $71.00 and set an “outperform” rating for the company in a report on Monday, October 13th. BNP Paribas Exane downgraded Equity Residential from an “outperform” rating to a “neutral” rating in a report on Monday, September 29th. Finally, Jefferies Financial Group reduced their target price on Equity Residential from $70.00 to $68.00 and set a “hold” rating for the company in a report on Monday, October 13th. Seven equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $73.12.

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.