Equity Residential $EQR Shares Sold by Strs Ohio

Strs Ohio lowered its stake in Equity Residential (NYSE:EQR) by 8.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 235,095 shares of the real estate investment trust’s stock after selling 21,129 shares during the period. Strs Ohio owned 0.06% of Equity Residential worth $15,218,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Rothschild Investment LLC grew its stake in Equity Residential by 6.8% in the second quarter. Rothschild Investment LLC now owns 2,841 shares of the real estate investment trust’s stock worth $192,000 after purchasing an additional 182 shares in the last quarter. Cetera Investment Advisers lifted its holdings in Equity Residential by 0.4% during the 2nd quarter. Cetera Investment Advisers now owns 48,030 shares of the real estate investment trust’s stock worth $3,242,000 after buying an additional 183 shares during the last quarter. CX Institutional grew its position in shares of Equity Residential by 6.1% in the 3rd quarter. CX Institutional now owns 3,274 shares of the real estate investment trust’s stock worth $212,000 after acquiring an additional 189 shares in the last quarter. Louisiana State Employees Retirement System grew its position in shares of Equity Residential by 1.1% in the 3rd quarter. Louisiana State Employees Retirement System now owns 18,200 shares of the real estate investment trust’s stock worth $1,178,000 after acquiring an additional 200 shares in the last quarter. Finally, Empowered Funds LLC increased its holdings in shares of Equity Residential by 3.1% in the 1st quarter. Empowered Funds LLC now owns 7,489 shares of the real estate investment trust’s stock valued at $536,000 after acquiring an additional 226 shares during the last quarter. Institutional investors and hedge funds own 92.68% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Evercore ISI reduced their price objective on Equity Residential from $70.00 to $68.00 and set an “outperform” rating on the stock in a research note on Monday, November 3rd. Stifel Nicolaus set a $79.75 target price on shares of Equity Residential in a report on Wednesday, October 29th. UBS Group raised their price target on shares of Equity Residential from $68.00 to $71.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th. Morgan Stanley decreased their price target on shares of Equity Residential from $75.00 to $73.50 and set an “equal weight” rating for the company in a report on Thursday, November 13th. Finally, Truist Financial dropped their price objective on shares of Equity Residential from $75.00 to $70.00 and set a “buy” rating on the stock in a research note on Monday, November 17th. Seven research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $69.54.

Equity Residential Stock Up 1.8%

EQR stock opened at $62.08 on Monday. The stock has a market cap of $23.62 billion, a PE ratio of 20.49, a price-to-earnings-growth ratio of 4.22 and a beta of 0.75. The firm’s 50-day simple moving average is $61.42 and its 200 day simple moving average is $63.01. Equity Residential has a fifty-two week low of $58.38 and a fifty-two week high of $75.86. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 0.75.

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

Equity Residential Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Friday, January 2nd were given a $0.6925 dividend. This represents a $2.77 annualized dividend and a yield of 4.5%. The ex-dividend date was Friday, January 2nd. Equity Residential’s dividend payout ratio (DPR) is currently 91.42%.

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.