State of Michigan Retirement System Sells 1,400 Shares of Equity Residential $EQR

State of Michigan Retirement System reduced its holdings in Equity Residential (NYSE:EQR) by 1.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 98,325 shares of the real estate investment trust’s stock after selling 1,400 shares during the period. State of Michigan Retirement System’s holdings in Equity Residential were worth $6,636,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the business. Versor Investments LP bought a new stake in shares of Equity Residential during the second quarter valued at approximately $280,000. Strs Ohio increased its position in shares of Equity Residential by 3.6% during the second quarter. Strs Ohio now owns 256,224 shares of the real estate investment trust’s stock valued at $17,293,000 after purchasing an additional 8,935 shares during the period. Impact Partnership Wealth LLC bought a new stake in shares of Equity Residential during the second quarter valued at approximately $429,000. Assetmark Inc. increased its position in shares of Equity Residential by 10.3% during the second quarter. Assetmark Inc. now owns 9,286 shares of the real estate investment trust’s stock valued at $627,000 after purchasing an additional 870 shares during the period. Finally, Arkadios Wealth Advisors increased its position in shares of Equity Residential by 8.8% during the second quarter. Arkadios Wealth Advisors now owns 9,979 shares of the real estate investment trust’s stock valued at $674,000 after purchasing an additional 807 shares during the period. 92.68% of the stock is owned by institutional investors.

Equity Residential Price Performance

Shares of EQR stock opened at $59.37 on Wednesday. The stock’s fifty day simple moving average is $63.66 and its 200 day simple moving average is $66.19. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.45 and a quick ratio of 0.17. The firm has a market cap of $22.67 billion, a price-to-earnings ratio of 19.59, a P/E/G ratio of 2.99 and a beta of 0.90. Equity Residential has a one year low of $58.38 and a one year high of $78.32.

Equity Residential (NYSE:EQR) last announced its quarterly earnings results on Tuesday, October 28th. The real estate investment trust reported $1.02 EPS for the quarter, meeting the consensus estimate of $1.02. The business had revenue of $782.41 million for the quarter, compared to analyst estimates of $779.68 million. Equity Residential had a return on equity of 10.30% and a net margin of 37.58%.During the same quarter in the previous year, the firm 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. On average, analysts expect that Equity Residential will post 3.98 earnings per share for the current fiscal year.

Equity Residential Dividend Announcement

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

Analyst Ratings Changes

A number of research firms have recently issued reports on EQR. Wall Street Zen upgraded Equity Residential from a “sell” rating to a “hold” rating in a research report on Monday. Weiss Ratings restated a “hold (c)” rating on shares of Equity Residential in a research report on Wednesday, October 8th. Cantor Fitzgerald began coverage on Equity Residential in a research report on Wednesday, October 1st. They set an “overweight” rating and a $70.00 price objective on the stock. BNP Paribas Exane cut Equity Residential from an “outperform” rating to a “neutral” rating in a research report on Monday, September 29th. Finally, Morgan Stanley decreased their price target on Equity Residential from $76.50 to $75.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 13th. Seven equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, Equity Residential presently has a consensus rating of “Hold” and a consensus price target of $72.45.

Equity Residential 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.