Equity Residential $EQR Stake Decreased by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lessened its holdings in shares of Equity Residential (NYSE:EQR) by 1.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 39,212 shares of the real estate investment trust’s stock after selling 526 shares during the period. Mutual of America Capital Management LLC’s holdings in Equity Residential were worth $2,646,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Equity Residential during the second quarter worth approximately $26,129,000. Spirit of America Management Corp NY raised its holdings in Equity Residential by 10.3% during the second quarter. Spirit of America Management Corp NY now owns 36,515 shares of the real estate investment trust’s stock worth $2,464,000 after purchasing an additional 3,400 shares in the last quarter. Chevy Chase Trust Holdings LLC raised its holdings in Equity Residential by 0.8% during the second quarter. Chevy Chase Trust Holdings LLC now owns 181,438 shares of the real estate investment trust’s stock worth $12,245,000 after purchasing an additional 1,393 shares in the last quarter. Nordea Investment Management AB raised its holdings in Equity Residential by 2.5% during the second quarter. Nordea Investment Management AB now owns 33,401 shares of the real estate investment trust’s stock worth $2,234,000 after purchasing an additional 814 shares in the last quarter. Finally, New York State Teachers Retirement System raised its holdings in Equity Residential by 8.1% during the second quarter. New York State Teachers Retirement System now owns 266,584 shares of the real estate investment trust’s stock worth $17,992,000 after purchasing an additional 19,988 shares in the last quarter. Institutional investors own 92.68% of the company’s stock.

Equity Residential Trading Up 0.2%

NYSE EQR opened at $63.43 on Friday. Equity Residential has a twelve month low of $59.41 and a twelve month high of $78.32. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.17 and a current ratio of 0.17. The stock has a market cap of $24.23 billion, a price-to-earnings ratio of 23.94, a PEG ratio of 3.21 and a beta of 0.90. The firm’s 50 day moving average price is $64.24 and its two-hundred day moving average price is $66.47.

Equity Residential (NYSE:EQR) last posted its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $0.99 earnings per share for the quarter, hitting the consensus estimate of $0.99. Equity Residential had a net margin of 33.22% and a return on equity of 9.05%. The firm had revenue of $768.83 million for the quarter, compared to analysts’ expectations of $770.60 million. During the same period in the previous year, the company posted $0.97 EPS. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. Equity Residential has set its FY 2025 guidance at 3.970-4.030 EPS. Q3 2025 guidance at 0.990-1.030 EPS. Equities analysts anticipate that Equity Residential will post 3.98 EPS for the current year.

Equity Residential Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Thursday, September 25th were given a dividend of $0.6925 per share. This represents a $2.77 annualized dividend and a yield of 4.4%. The ex-dividend date was Thursday, September 25th. Equity Residential’s payout ratio is presently 104.53%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on EQR. Cantor Fitzgerald began coverage on Equity Residential in a report on Wednesday, October 1st. They set an “overweight” rating and a $70.00 target price on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Equity Residential in a report on Wednesday, October 8th. Wall Street Zen raised Equity Residential from a “sell” rating to a “hold” rating in a report on Saturday, October 18th. Evercore ISI dropped their price target on Equity Residential from $72.00 to $71.00 and set an “outperform” rating on the stock in a report on Monday, October 13th. Finally, Stifel Nicolaus set a $80.50 price target on Equity Residential and gave the company a “buy” rating in a report on Tuesday, August 5th. Seven equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, Equity Residential currently has a consensus rating of “Hold” and a consensus target price of $73.57.

About Equity Residential

Equity Residential is committed to creating communities where people thrive. The Company, a member of the S&P 500, is focused on the acquisition, development and management of residential properties located in and around dynamic cities that attract affluent long-term renters. Equity Residential owns or has investments in 305 properties consisting of 80,683 apartment units, with an established presence in Boston, New York, Washington, DC, Seattle, San Francisco and Southern California, and an expanding presence in Denver, Atlanta, Dallas/Ft.