State of New Jersey Common Pension Fund D Sells 14,052 Shares of Equity Residential $EQR

State of New Jersey Common Pension Fund D lowered its stake in shares of Equity Residential (NYSE:EQR) by 8.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 144,859 shares of the real estate investment trust’s stock after selling 14,052 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Equity Residential were worth $9,132,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in EQR. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Equity Residential by 876.0% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,500,885 shares of the real estate investment trust’s stock valued at $291,342,000 after purchasing an additional 4,039,752 shares in the last quarter. Wellington Management Group LLP boosted its position in Equity Residential by 797.2% during the third quarter. Wellington Management Group LLP now owns 2,085,406 shares of the real estate investment trust’s stock valued at $134,988,000 after purchasing an additional 1,852,970 shares in the last quarter. Alyeska Investment Group L.P. boosted its position in Equity Residential by 353.5% during the third quarter. Alyeska Investment Group L.P. now owns 2,002,892 shares of the real estate investment trust’s stock valued at $129,647,000 after purchasing an additional 1,561,241 shares in the last quarter. Vanguard Group Inc. boosted its position in Equity Residential by 2.3% during the third quarter. Vanguard Group Inc. now owns 57,597,658 shares of the real estate investment trust’s stock valued at $3,728,296,000 after purchasing an additional 1,281,354 shares in the last quarter. Finally, Woodline Partners LP boosted its position in Equity Residential by 2,810.2% during the third quarter. Woodline Partners LP now owns 1,073,893 shares of the real estate investment trust’s stock valued at $69,513,000 after purchasing an additional 1,036,992 shares in the last quarter. Institutional investors own 92.68% of the company’s stock.

Equity Residential Price Performance

Shares of NYSE EQR opened at $65.27 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.31 and a current ratio of 0.18. The company has a market cap of $24.45 billion, a PE ratio of 26.11, a P/E/G ratio of 4.92 and a beta of 0.76. The business has a 50-day simple moving average of $61.37 and a two-hundred day simple moving average of $61.53. Equity Residential has a fifty-two week low of $57.57 and a fifty-two week high of $72.40.

Equity Residential (NYSE:EQR) last issued its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.09). The business had revenue of $779.85 million during the quarter, compared to analyst estimates of $781.79 million. Equity Residential had a return on equity of 8.57% and a net margin of 30.63%.Equity Residential’s revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.95 EPS. 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. As a group, equities analysts expect that Equity Residential will post 4.09 EPS for the current fiscal year.

Equity Residential Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Monday, March 30th were paid a dividend of $0.7025 per share. The ex-dividend date was Monday, March 30th. This is an increase from Equity Residential’s previous quarterly dividend of $0.69. This represents a $2.81 annualized dividend and a dividend yield of 4.3%. Equity Residential’s payout ratio is presently 112.40%.

Insider Transactions at Equity Residential

In other news, COO Michael L. Manelis sold 5,765 shares of Equity Residential stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $65.13, for a total transaction of $375,474.45. Following the completion of the sale, the chief operating officer directly owned 46,131 shares in the company, valued at approximately $3,004,512.03. The trade was a 11.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Catherine Carraway sold 656 shares of Equity Residential stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $65.13, for a total transaction of $42,725.28. Following the sale, the executive vice president owned 18,339 shares of the company’s stock, valued at $1,194,419.07. The trade was a 3.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 10,058 shares of company stock worth $655,078. Company insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on EQR. Royal Bank Of Canada raised their target price on shares of Equity Residential from $67.00 to $69.00 and gave the company an “outperform” rating in a research note on Thursday. Cantor Fitzgerald raised their target price on shares of Equity Residential from $61.00 to $64.00 and gave the company a “neutral” rating in a research note on Monday, February 9th. Barclays raised their target price on shares of Equity Residential from $75.00 to $76.00 and gave the company an “overweight” rating in a research note on Monday, April 27th. Mizuho raised their target price on shares of Equity Residential from $65.00 to $66.00 and gave the company a “neutral” rating in a research note on Friday, March 6th. Finally, UBS Group raised their target price on shares of Equity Residential from $68.00 to $71.00 and gave the company a “buy” rating in a research note on Thursday, January 8th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $69.76.

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.