Teacher Retirement System of Texas Grows Holdings in Equity Residential $EQR

Teacher Retirement System of Texas raised its stake in shares of Equity Residential (NYSE:EQR) by 2,012.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 998,401 shares of the real estate investment trust’s stock after acquiring an additional 951,128 shares during the period. Teacher Retirement System of Texas’ holdings in Equity Residential were worth $62,939,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in EQR. Empowered Funds LLC grew its holdings in Equity Residential by 3.1% during the 1st quarter. Empowered Funds LLC now owns 7,489 shares of the real estate investment trust’s stock valued at $536,000 after buying an additional 226 shares in the last quarter. Cresset Asset Management LLC grew its holdings in Equity Residential by 13.9% during the 2nd quarter. Cresset Asset Management LLC now owns 4,836 shares of the real estate investment trust’s stock valued at $330,000 after buying an additional 590 shares in the last quarter. Jump Financial LLC grew its holdings 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 buying an additional 5,537 shares in the last quarter. Federated Hermes Inc. purchased a new stake in Equity Residential during the 2nd quarter valued at approximately $100,000. Finally, Cerity Partners LLC grew its holdings in Equity Residential by 170.7% during 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 buying an additional 13,018 shares in the last quarter. 92.68% of the stock is owned by hedge funds and other institutional investors.

Equity Residential Stock Down 0.3%

NYSE EQR opened at $61.67 on Thursday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.31 and a current ratio of 0.31. The company has a market capitalization of $23.11 billion, a P/E ratio of 21.05, a P/E/G ratio of 4.67 and a beta of 0.73. Equity Residential has a one year low of $57.57 and a one year high of $72.40. The stock has a 50 day moving average price of $61.32 and a 200-day moving average price of $61.45.

Equity Residential (NYSE:EQR) last issued its quarterly earnings results on Thursday, February 5th. The real estate investment trust reported $1.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.01). The company had revenue of $781.91 million during the quarter, compared to the consensus estimate of $786.35 million. Equity Residential had a return on equity of 9.98% and a net margin of 36.20%.The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.00 earnings per share. Equity Residential has set its Q1 2026 guidance at 0.940-0.980 EPS and its FY 2026 guidance at 4.020-4.140 EPS. As a group, equities analysts predict that Equity Residential will post 4.09 EPS for the current fiscal year.

Equity Residential Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Monday, March 30th were given a $0.7025 dividend. This is a boost from Equity Residential’s previous quarterly dividend of $0.69. This represents a $2.81 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date was Monday, March 30th. Equity Residential’s dividend payout ratio is 95.90%.

Insider Buying and Selling

In related news, EVP Catherine Carraway sold 656 shares of the firm’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $65.13, for a total value of $42,725.28. Following the completion of the sale, the executive vice president directly owned 18,339 shares in the company, valued at $1,194,419.07. This trade represents a 3.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Michael L. Manelis sold 5,765 shares of the firm’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $65.13, for a total value of $375,474.45. Following the completion of the sale, the chief operating officer owned 46,131 shares of the company’s stock, valued at approximately $3,004,512.03. This represents a 11.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 10,058 shares of company stock worth $655,078 over the last three months. 1.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on EQR. Wall Street Zen raised shares of Equity Residential from a “sell” rating to a “hold” rating in a report on Saturday, March 28th. Piper Sandler set a $78.00 price objective on shares of Equity Residential in a report on Tuesday, January 27th. BNP Paribas Exane increased their target price on Equity Residential from $66.00 to $68.00 and gave the company a “neutral” rating in a research report on Tuesday, March 3rd. Stifel Nicolaus set a $78.50 target price on Equity Residential in a research report on Friday, February 6th. Finally, Mizuho increased their target price on Equity Residential from $65.00 to $66.00 and gave the company a “neutral” rating in a research report on Friday, March 6th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat, Equity Residential presently has an average rating of “Hold” and a consensus price target of $69.38.

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.