New York State Teachers Retirement System Boosts Stake in Equity Residential $EQR

New York State Teachers Retirement System lifted its stake in shares of Equity Residential (NYSE:EQR) by 3.2% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 276,044 shares of the real estate investment trust’s stock after purchasing an additional 8,590 shares during the quarter. New York State Teachers Retirement System’s holdings in Equity Residential were worth $16,328,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Fulcrum Asset Management LLP purchased a new position in Equity Residential in the 3rd quarter worth $27,000. Rosenberg Matthew Hamilton boosted 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 valued at $28,000 after buying an additional 180 shares during the last quarter. Zions Bancorporation National Association UT increased its holdings in Equity Residential by 375.2% in the 4th quarter. Zions Bancorporation National Association UT now owns 480 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 379 shares during the period. DV Equities LLC acquired a new position in Equity Residential in the 4th quarter worth approximately $30,000. Finally, Harvest Fund Management Co. Ltd purchased a new position in Equity Residential during the 3rd quarter worth approximately $31,000. 92.68% of the stock is owned by institutional investors and hedge funds.

Equity Residential Stock Performance

EQR opened at $69.75 on Friday. 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 firm has a fifty day moving average price of $66.15 and a 200 day moving average price of $63.26. Equity Residential has a 1 year low of $57.57 and a 1 year high of $69.83. The stock has a market cap of $26.13 billion, a P/E ratio of 27.90, a P/E/G ratio of 5.54 and a beta of 0.74.

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

Equity Residential Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Monday, June 29th will be issued a $0.7025 dividend. The ex-dividend date of this dividend is Monday, June 29th. This represents a $2.81 dividend on an annualized basis and a yield of 4.0%. Equity Residential’s dividend payout ratio is presently 112.40%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Bank of America raised shares of Equity Residential from a “neutral” rating to a “buy” rating and set a $76.00 price objective on the stock in a report on Wednesday, May 27th. Wall Street Zen downgraded shares of Equity Residential from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. Evercore upped their price target on shares of Equity Residential from $70.00 to $71.00 in a report on Monday, June 8th. Truist Financial increased their price target on Equity Residential from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Tuesday, June 16th. Finally, Weiss Ratings upgraded Equity Residential from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $70.65.

Equity Residential 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.