Public Employees Retirement System of Ohio Grows Holdings in Equity Residential $EQR

Public Employees Retirement System of Ohio raised its position in Equity Residential (NYSE:EQR) by 1.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 616,045 shares of the real estate investment trust’s stock after purchasing an additional 7,472 shares during the period. Public Employees Retirement System of Ohio owned about 0.16% of Equity Residential worth $41,577,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Versant Capital Management Inc lifted its holdings in Equity Residential by 51.6% in the 1st quarter. Versant Capital Management Inc now owns 461 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 157 shares in the last quarter. GKV Capital Management Co. Inc. purchased a new position in Equity Residential in the 1st quarter valued at about $37,000. Keystone Global Partners LLC acquired a new position in shares of Equity Residential during the 1st quarter valued at about $47,000. Zions Bancorporation National Association UT acquired a new position in shares of Equity Residential during the 1st quarter valued at about $48,000. Finally, MassMutual Private Wealth & Trust FSB increased its stake in shares of Equity Residential by 27.6% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 740 shares of the real estate investment trust’s stock valued at $53,000 after acquiring an additional 160 shares during the last quarter. 92.68% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

EQR has been the subject of a number of research analyst reports. Wells Fargo & Company dropped their price objective on shares of Equity Residential from $75.00 to $68.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 27th. Barclays dropped their price objective on shares of Equity Residential from $83.00 to $81.00 and set an “overweight” rating for the company in a research note on Tuesday, August 12th. Wall Street Zen raised shares of Equity Residential from a “sell” rating to a “hold” rating in a research note on Friday, September 5th. Stifel Nicolaus set a $80.50 price objective on shares of Equity Residential and gave the company a “buy” rating in a research note on Tuesday, August 5th. Finally, Wedbush reaffirmed a “neutral” rating and set a $75.00 price objective on shares of Equity Residential in a research note on Wednesday, May 28th. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $74.73.

Equity Residential Stock Down 0.8%

EQR opened at $65.15 on Thursday. The firm has a 50 day moving average price of $65.19 and a 200 day moving average price of $67.43. The company has a market cap of $24.88 billion, a PE ratio of 24.58, a price-to-earnings-growth ratio of 3.33 and a beta of 0.93. Equity Residential has a 1 year low of $59.41 and a 1 year high of $78.32. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.17 and a current ratio of 0.17.

Equity Residential (NYSE:EQR) last posted its earnings results on Monday, August 4th. The real estate investment trust reported $0.99 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.99. The firm had revenue of $768.83 million during the quarter, compared to the consensus estimate of $770.60 million. Equity Residential had a net margin of 33.22% and a return on equity of 9.05%. The company’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.97 EPS. Equity Residential has set its FY 2025 guidance at 3.970-4.030 EPS. Q3 2025 guidance at 0.990-1.030 EPS. Sell-side analysts expect that Equity Residential will post 3.98 earnings per share for the current year.

Equity Residential Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Thursday, September 25th will be issued a $0.6925 dividend. This represents a $2.77 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Thursday, September 25th. Equity Residential’s dividend payout ratio is currently 104.53%.

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.