New York State Teachers Retirement System Grows Position in Equity Residential $EQR

New York State Teachers Retirement System raised its holdings in shares of Equity Residential (NYSE:EQR) by 3.2% during the first quarter, according to its most recent filing with the SEC. The firm owned 276,044 shares of the real estate investment trust’s stock after purchasing an additional 8,590 shares during the period. New York State Teachers Retirement System owned 0.07% of Equity Residential worth $16,328,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of EQR. Empowered Funds LLC boosted its stake in shares of Equity Residential by 3.1% during the first quarter. Empowered Funds LLC now owns 7,489 shares of the real estate investment trust’s stock valued at $536,000 after purchasing an additional 226 shares in the last quarter. Cresset Asset Management LLC lifted its holdings in Equity Residential by 13.9% during the second quarter. Cresset Asset Management LLC now owns 4,836 shares of the real estate investment trust’s stock worth $330,000 after buying an additional 590 shares during the period. Jump Financial LLC boosted its position in Equity Residential by 96.1% during the 2nd quarter. Jump Financial LLC now owns 11,300 shares of the real estate investment trust’s stock valued at $763,000 after acquiring an additional 5,537 shares in the last quarter. Federated Hermes Inc. bought a new stake in Equity Residential during the 2nd quarter valued at $100,000. Finally, Cerity Partners LLC increased its holdings in shares of Equity Residential by 170.7% in the 2nd quarter. Cerity Partners LLC now owns 20,646 shares of the real estate investment trust’s stock valued at $1,393,000 after acquiring an additional 13,018 shares during the period. Institutional investors own 92.68% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Nordea Equity Research raised Equity Residential to a “buy” rating in a research report on Wednesday, May 27th. Morgan Stanley raised Equity Residential from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $72.00 to $74.00 in a research report on Thursday, March 26th. BMO Capital Markets lifted their target price on Equity Residential from $68.00 to $75.00 and gave the company a “market perform” rating in a research note on Monday, June 8th. Mizuho boosted their target price on shares of Equity Residential from $66.00 to $70.00 and gave the stock a “neutral” rating in a report on Wednesday, June 10th. Finally, Wolfe Research raised shares of Equity Residential from a “hold” rating to an “outperform” rating in a research report on Monday, June 1st. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and thirteen have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $70.65.

Equity Residential Stock Performance

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

Equity Residential (NYSE:EQR) last posted 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 analyst estimates of $781.79 million. During the same period in the previous year, the business earned $0.95 EPS. The firm’s revenue for the quarter 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. Analysts expect that Equity Residential will post 4.09 earnings per share for the current fiscal year.

Equity Residential Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Monday, June 29th will be paid a dividend of $0.7025 per share. The ex-dividend date is Monday, June 29th. This represents a $2.81 dividend on an annualized basis and a dividend yield of 4.0%. Equity Residential’s payout ratio is presently 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.