Strs Ohio Sells 17,313 Shares of Equity Residential $EQR

Strs Ohio trimmed its holdings in shares of Equity Residential (NYSE:EQR) by 7.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 212,298 shares of the real estate investment trust’s stock after selling 17,313 shares during the quarter. Strs Ohio owned 0.06% of Equity Residential worth $12,557,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Fulcrum Asset Management LLP purchased a new stake in shares of Equity Residential during the 3rd quarter valued at $27,000. Rosenberg Matthew Hamilton grew its position in Equity Residential by 69.2% during the fourth quarter. Rosenberg Matthew Hamilton now owns 440 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 180 shares during the period. Zions Bancorporation National Association UT grew its position in Equity Residential by 375.2% during the fourth quarter. Zions Bancorporation National Association UT now owns 480 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 379 shares during the period. DV Equities LLC purchased a new stake in Equity Residential during the fourth quarter worth about $30,000. Finally, Harvest Fund Management Co. Ltd purchased a new stake in Equity Residential during the third quarter worth about $31,000. 92.68% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on EQR. Royal Bank Of Canada cut shares of Equity Residential from an “outperform” rating to a “sector perform” rating and boosted their target price for the company from $69.00 to $70.00 in a research note on Monday, June 8th. Barclays upped their price objective on Equity Residential from $75.00 to $76.00 and gave the company an “overweight” rating in a research note on Monday, April 27th. Bank of America raised Equity Residential from a “neutral” rating to a “buy” rating and set a $76.00 target price for the company in a research report on Wednesday, May 27th. Morgan Stanley upgraded Equity Residential from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $72.00 to $74.00 in a research note on Thursday, March 26th. Finally, UBS Group upped their price target on Equity Residential from $71.00 to $73.00 and gave the company a “buy” rating in a research report on Thursday, May 14th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and thirteen have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $70.65.

Equity Residential Stock Performance

Shares of EQR stock opened at $69.75 on Friday. The firm’s 50 day moving average is $66.15 and its 200 day moving average is $63.26. The stock has a market capitalization of $26.13 billion, a P/E ratio of 27.90, a PEG ratio of 5.54 and a beta of 0.74. Equity Residential has a 12 month low of $57.57 and a 12 month high of $69.83. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.77.

Equity Residential (NYSE:EQR) last released its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.09). Equity Residential had a net margin of 30.63% and a return on equity of 8.57%. The business had revenue of $779.85 million during the quarter, compared to analysts’ expectations of $781.79 million. During the same quarter in the prior year, the firm posted $0.95 earnings per share. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. Equity Residential has set its FY 2026 guidance at 4.020-4.140 EPS and its Q2 2026 guidance at 0.980-1.020 EPS. On average, sell-side analysts anticipate that Equity Residential will post 4.09 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, July 10th. Stockholders of record on Monday, June 29th will be given a $0.7025 dividend. The ex-dividend date is Monday, June 29th. This represents a $2.81 annualized dividend and a dividend yield of 4.0%. Equity Residential’s payout ratio is 112.40%.

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.