VIRGINIA RETIREMENT SYSTEMS ET Al Sells 47,200 Shares of Equity Residential $EQR

VIRGINIA RETIREMENT SYSTEMS ET Al cut its holdings in Equity Residential (NYSE:EQR) by 12.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 339,960 shares of the real estate investment trust’s stock after selling 47,200 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al owned 0.09% of Equity Residential worth $21,431,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Collier Financial bought a new position in Equity Residential in the third quarter worth approximately $26,000. Fulcrum Asset Management LLP bought a new position in Equity Residential in the third quarter worth approximately $27,000. Rosenberg Matthew Hamilton raised its position in Equity Residential by 69.2% in the fourth quarter. Rosenberg Matthew Hamilton now owns 440 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 180 shares during the period. Harvest Fund Management Co. Ltd bought a new position in Equity Residential in the third quarter worth approximately $31,000. Finally, Hantz Financial Services Inc. increased its stake in shares of Equity Residential by 434.7% in the third quarter. Hantz Financial Services Inc. now owns 540 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 439 shares in the last quarter. 92.68% of the stock is currently owned by institutional investors.

Equity Residential Stock Performance

Shares of NYSE EQR opened at $65.84 on Thursday. The firm has a fifty day moving average price of $61.74 and a 200-day moving average price of $61.69. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.18 and a quick ratio of 0.18. The stock has a market cap of $24.67 billion, a PE ratio of 26.33, a price-to-earnings-growth ratio of 5.23 and a beta of 0.76. Equity Residential has a 1 year low of $57.57 and a 1 year high of $71.80.

Equity Residential (NYSE:EQR) last posted its 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 company had revenue of $779.85 million for the quarter, compared to analysts’ expectations of $781.79 million. Equity Residential had a net margin of 30.63% and a return on equity of 8.57%. The business’s revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.95 earnings per share. 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. Equities analysts anticipate that Equity Residential will post 4.09 earnings per share for the current fiscal year.

Equity Residential Increases Dividend

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

Analyst Ratings Changes

A number of analysts have recently issued reports on EQR shares. Piper Sandler set a $78.00 price objective on shares of Equity Residential in a research note on Tuesday, January 27th. Weiss Ratings reissued a “hold (c)” rating on shares of Equity Residential in a research note on Tuesday, April 21st. Mizuho increased their price objective on shares of Equity Residential from $65.00 to $66.00 and gave the stock a “neutral” rating in a research note on Friday, March 6th. JPMorgan Chase & Co. increased their price objective on shares of Equity Residential from $71.00 to $72.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. Finally, Scotiabank increased their price objective on shares of Equity Residential from $66.00 to $67.00 and gave the stock a “sector perform” rating in a research note on Wednesday, March 4th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $69.91.

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.