Louisiana State Employees Retirement System Purchases Shares of 17,500 Equity Residential $EQR

Louisiana State Employees Retirement System acquired a new stake in Equity Residential (NYSE:EQR) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 17,500 shares of the real estate investment trust’s stock, valued at approximately $1,035,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. CIBC Bancorp USA Inc. bought a new stake in Equity Residential in the third quarter valued at approximately $9,094,000. Wolverine Asset Management LLC bought a new position in Equity Residential during the 4th quarter worth approximately $1,964,000. Pensionfund Sabic acquired a new position in shares of Equity Residential in the 4th quarter worth approximately $1,567,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Equity Residential by 5.8% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,016,454 shares of the real estate investment trust’s stock worth $63,051,000 after purchasing an additional 55,786 shares during the period. Finally, Pensionfund PDN bought a new stake in shares of Equity Residential in the 4th quarter valued at $3,124,000. 92.68% of the stock is currently owned by institutional investors.

Equity Residential Trading Down 0.1%

Shares of EQR stock opened at $69.75 on Friday. The business has a 50-day moving average price of $66.15 and a two-hundred day moving average price of $63.26. Equity Residential has a 12-month low of $57.57 and a 12-month high of $69.83. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.77. The firm has a market cap of $26.13 billion, a P/E ratio of 27.90, a price-to-earnings-growth ratio of 5.54 and a beta of 0.74.

Equity Residential (NYSE:EQR) last announced 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 return on equity of 8.57% and a net margin of 30.63%.The business had revenue of $779.85 million during the quarter, compared to the consensus estimate of $781.79 million. During the same quarter in the previous year, the firm posted $0.95 earnings per share. The company’s revenue was up 2.5% compared to the same quarter last year. 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. Equities analysts anticipate that Equity Residential will post 4.09 EPS for the current fiscal year.

Equity Residential Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Monday, June 29th will be paid a $0.7025 dividend. The ex-dividend date of this dividend is Monday, June 29th. This represents a $2.81 annualized dividend and a dividend yield of 4.0%. Equity Residential’s dividend payout ratio (DPR) is presently 112.40%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. The Goldman Sachs Group lowered their price target on Equity Residential from $71.00 to $69.00 and set a “neutral” rating for the company in a research report on Thursday, April 16th. Evercore upped their target price on shares of Equity Residential from $70.00 to $71.00 in a research note on Monday, June 8th. BMO Capital Markets increased their target price on shares of Equity Residential from $68.00 to $75.00 and gave the company a “market perform” rating in a report on Monday, June 8th. Piper Sandler reissued a “neutral” rating and set a $72.00 price target (down from $78.00) on shares of Equity Residential in a research report on Friday, May 29th. Finally, Nordea Equity Research upgraded shares of Equity Residential to a “buy” rating in a report on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Equity Residential presently has a consensus rating of “Hold” and a consensus target price of $70.65.

Equity Residential Company Profile

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.