Illinois Municipal Retirement Fund Buys 30,910 Shares of Equity Residential $EQR

Illinois Municipal Retirement Fund raised its stake in Equity Residential (NYSE:EQR) by 25.1% during the second quarter, Holdings Channel reports. The fund owned 154,075 shares of the real estate investment trust’s stock after buying an additional 30,910 shares during the period. Illinois Municipal Retirement Fund’s holdings in Equity Residential were worth $10,399,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of EQR. CVA Family Office LLC raised its holdings in shares of Equity Residential by 425.3% in the 2nd quarter. CVA Family Office LLC now owns 415 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 336 shares during the period. GKV Capital Management Co. Inc. purchased a new stake in Equity Residential in the first quarter worth $37,000. Keystone Global Partners LLC purchased a new stake in Equity Residential in the first quarter worth $47,000. FNY Investment Advisers LLC raised its stake in shares of Equity Residential by 1,000.0% in the second quarter. FNY Investment Advisers LLC now owns 660 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 600 shares during the period. Finally, Zions Bancorporation National Association UT purchased a new position in shares of Equity Residential during the 1st quarter valued at $48,000. Hedge funds and other institutional investors own 92.68% of the company’s stock.

Equity Residential Trading Down 0.3%

Shares of Equity Residential stock opened at $59.55 on Tuesday. The company’s 50-day moving average price is $63.16 and its 200-day moving average price is $65.92. The company has a current ratio of 0.45, a quick ratio of 0.17 and a debt-to-equity ratio of 0.75. Equity Residential has a 12-month low of $58.38 and a 12-month high of $78.32. The company has a market cap of $22.66 billion, a price-to-earnings ratio of 19.65, a PEG ratio of 2.99 and a beta of 0.88.

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

Equity Residential Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Thursday, September 25th were issued a $0.6925 dividend. The ex-dividend date of this dividend was Thursday, September 25th. This represents a $2.77 annualized dividend and a dividend yield of 4.7%. Equity Residential’s dividend payout ratio is presently 91.42%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on EQR. Wells Fargo & Company decreased their price objective on Equity Residential from $68.00 to $62.00 and set an “equal weight” rating for the company in a report on Monday. Cantor Fitzgerald initiated coverage on shares of Equity Residential in a research note on Wednesday, October 1st. They issued an “overweight” rating and a $70.00 target price for the company. Weiss Ratings restated a “hold (c)” rating on shares of Equity Residential in a research note on Wednesday, October 8th. JPMorgan Chase & Co. cut their price objective on shares of Equity Residential from $76.00 to $75.00 in a report on Tuesday, September 16th. Finally, Barclays reduced their price objective on shares of Equity Residential from $81.00 to $80.00 and set an “overweight” rating for the company in a research note on Tuesday, September 30th. Seven equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $71.52.

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.