California Public Employees Retirement System Decreases Stake in Equity Residential $EQR

California Public Employees Retirement System trimmed its position in shares of Equity Residential (NYSE:EQR) by 4.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 745,042 shares of the real estate investment trust’s stock after selling 32,716 shares during the period. California Public Employees Retirement System owned about 0.20% of Equity Residential worth $50,283,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in EQR. Norges Bank acquired a new position in Equity Residential during the 2nd quarter worth approximately $2,351,689,000. Nuveen LLC purchased a new stake in shares of Equity Residential during the 1st quarter worth $165,442,000. Prudential Financial Inc. grew its stake in shares of Equity Residential by 725.6% during the second quarter. Prudential Financial Inc. now owns 1,908,429 shares of the real estate investment trust’s stock worth $128,800,000 after purchasing an additional 1,677,278 shares in the last quarter. Invesco Ltd. increased its holdings in Equity Residential by 20.9% in the second quarter. Invesco Ltd. now owns 8,019,026 shares of the real estate investment trust’s stock valued at $541,204,000 after buying an additional 1,384,580 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in Equity Residential by 5.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 20,711,588 shares of the real estate investment trust’s stock valued at $1,482,537,000 after buying an additional 1,101,027 shares in the last quarter. Institutional investors and hedge funds own 92.68% of the company’s stock.

Equity Residential Stock Down 1.0%

Shares of NYSE:EQR opened at $60.02 on Wednesday. Equity Residential has a 1-year low of $58.38 and a 1-year high of $75.86. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.45 and a quick ratio of 0.45. The stock has a market cap of $22.84 billion, a P/E ratio of 19.81, a P/E/G ratio of 3.23 and a beta of 0.75. The firm has a fifty day moving average price of $61.16 and a 200 day moving average price of $64.51.

Equity Residential (NYSE:EQR) last announced its earnings results on Tuesday, October 28th. The real estate investment trust reported $1.02 EPS for the quarter, meeting analysts’ consensus estimates of $1.02. Equity Residential had a net margin of 37.58% and a return on equity of 10.30%. The business had revenue of $782.41 million during the quarter, compared to analysts’ expectations of $779.68 million. During the same period in the prior year, the company earned $0.98 earnings per share. Equity Residential has set its Q4 2025 guidance at 1.020-1.060 EPS and its FY 2025 guidance at 3.980-4.020 EPS. Sell-side analysts predict that Equity Residential will post 3.98 EPS for the current year.

Equity Residential Announces Dividend

The business 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 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend was Thursday, September 25th. Equity Residential’s dividend payout ratio (DPR) is presently 91.42%.

Analyst Ratings Changes

EQR has been the subject of several analyst reports. Evercore ISI lowered their price objective on Equity Residential from $70.00 to $68.00 and set an “outperform” rating for the company in a research report on Monday, November 3rd. Morgan Stanley lowered their price target on Equity Residential from $75.00 to $73.50 and set an “equal weight” rating for the company in a report on Thursday, November 13th. Mizuho dropped their price target on shares of Equity Residential from $66.00 to $65.00 and set a “neutral” rating on the stock in a research note on Monday, November 24th. JPMorgan Chase & Co. cut their price objective on shares of Equity Residential from $75.00 to $71.00 and set a “neutral” rating on the stock in a report on Thursday, December 4th. Finally, Jefferies Financial Group reduced their price objective on shares of Equity Residential from $68.00 to $65.00 and set a “hold” rating for the company in a research report on Tuesday, November 11th. Eight investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $70.02.

Equity Residential Profile

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.