State of New Jersey Common Pension Fund D continued to hold its stake in shares of Equity Residential (NYSE:EQR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 114,950 shares of the real estate investment trust’s stock at the end of the second quarter. State of New Jersey Common Pension Fund D’s holdings in Equity Residential were worth $7,567,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Equity Residential by 2.2% in the first quarter. Vanguard Group Inc. now owns 52,348,375 shares of the real estate investment trust’s stock worth $3,257,116,000 after buying an additional 1,140,042 shares during the period. BlackRock Inc. raised its stake in shares of Equity Residential by 2,486.4% in the first quarter. BlackRock Inc. now owns 33,800,889 shares of the real estate investment trust’s stock worth $2,103,090,000 after buying an additional 32,494,035 shares during the period. State Street Corp raised its stake in shares of Equity Residential by 1.3% in the first quarter. State Street Corp now owns 21,674,961 shares of the real estate investment trust’s stock worth $1,348,617,000 after buying an additional 286,200 shares during the period. APG Asset Management US Inc. raised its stake in shares of Equity Residential by 1.8% in the second quarter. APG Asset Management US Inc. now owns 15,060,400 shares of the real estate investment trust’s stock worth $991,426,000 after buying an additional 269,599 shares during the period. Finally, Macquarie Group Ltd. raised its stake in shares of Equity Residential by 7.3% in the first quarter. Macquarie Group Ltd. now owns 12,930,323 shares of the real estate investment trust’s stock worth $804,524,000 after buying an additional 879,622 shares during the period. Hedge funds and other institutional investors own 92.39% of the company’s stock.

Equity Residential (NYSE:EQR) opened at 66.98 on Friday. Equity Residential has a one year low of $58.28 and a one year high of $68.83. The firm has a market cap of $24.60 billion, a price-to-earnings ratio of 29.97 and a beta of 0.34. The firm has a 50 day moving average of $66.58 and a 200-day moving average of $64.51.

Equity Residential (NYSE:EQR) last announced its quarterly earnings data on Tuesday, July 25th. The real estate investment trust reported $0.77 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.77. Equity Residential had a net margin of 33.99% and a return on equity of 7.92%. The firm had revenue of $612.48 million for the quarter, compared to the consensus estimate of $609.37 million. During the same period in the previous year, the firm posted $0.76 earnings per share. The firm’s revenue was up 2.9% on a year-over-year basis. Equities research analysts forecast that Equity Residential will post $1.41 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Monday, June 26th were given a dividend of $0.5038 per share. This represents a $2.02 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date of this dividend was Thursday, June 22nd. Equity Residential’s payout ratio is presently 90.58%.

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EQR has been the topic of a number of analyst reports. Evercore ISI raised their target price on shares of Equity Residential from $62.00 to $63.00 and gave the stock an “underperform” rating in a research report on Wednesday, April 19th. Barclays PLC raised their target price on shares of Equity Residential from $65.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 1st. BMO Capital Markets restated a “hold” rating and set a $66.00 target price on shares of Equity Residential in a research report on Thursday, May 25th. Zacks Investment Research upgraded shares of Equity Residential from a “sell” rating to a “hold” rating in a research report on Tuesday, April 18th. Finally, BidaskClub lowered shares of Equity Residential from a “buy” rating to a “hold” rating in a research report on Saturday, July 1st. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company’s stock. Equity Residential has an average rating of “Hold” and a consensus target price of $67.92.

In related news, insider David S. Santee sold 10,967 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $67.93, for a total transaction of $744,988.31. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Mark S. Shapiro sold 2,853 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $67.30, for a total transaction of $192,006.90. Following the transaction, the director now directly owns 2,573 shares in the company, valued at $173,162.90. The disclosure for this sale can be found here. Insiders have sold 59,124 shares of company stock worth $3,945,054 over the last ninety days. 3.79% of the stock is currently owned by insiders.

About Equity Residential

Equity Residential is a real estate investment trust. The Company’s primary business is the acquisition, development and management of multifamily residential properties. Its segments include Boston, New York, Washington DC, Southern California, San Francisco, Seattle and Other Markets. Southern California includes Los Angeles, San Diego and Orange County.

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Institutional Ownership by Quarter for Equity Residential (NYSE:EQR)

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