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

VIRGINIA RETIREMENT SYSTEMS ET Al trimmed its position in Equity Residential (NYSE:EQR) by 12.2% during the 4th quarter, HoldingsChannel reports. The firm owned 339,960 shares of the real estate investment trust’s stock after selling 47,200 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Equity Residential were worth $21,431,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in EQR. Collier Financial bought a new stake in shares of Equity Residential in the third quarter worth about $26,000. Fulcrum Asset Management LLP purchased a new position in shares of Equity Residential in the 3rd quarter worth $27,000. Rosenberg Matthew Hamilton grew its stake in shares of Equity Residential by 69.2% in the 4th quarter. Rosenberg Matthew Hamilton now owns 440 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 180 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new position in shares of Equity Residential in the 3rd quarter worth $31,000. Finally, Hantz Financial Services Inc. grew its stake in shares of Equity Residential by 434.7% in the 3rd quarter. Hantz Financial Services Inc. now owns 540 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 439 shares in the last quarter. 92.68% of the stock is owned by institutional investors.

Equity Residential Price Performance

EQR stock opened at $65.84 on Thursday. Equity Residential has a 12 month low of $57.57 and a 12 month high of $71.80. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.77. The company has a 50-day moving average price of $61.74 and a 200 day moving average price of $61.69. The stock has a market cap of $24.67 billion, a PE ratio of 26.33, a P/E/G ratio of 5.23 and a beta of 0.76.

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 analysts’ consensus estimates of $0.33 by ($0.09). Equity Residential had a return on equity of 8.57% and a net margin of 30.63%.The firm had revenue of $779.85 million for the quarter, compared to analysts’ expectations of $781.79 million. During the same period in the prior year, the firm posted $0.95 earnings per share. Equity Residential’s revenue for the quarter was up 2.5% on a year-over-year basis. 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 Increases Dividend

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

Wall Street Analysts Forecast Growth

EQR has been the subject of a number of recent research reports. Jefferies Financial Group dropped their price objective on shares of Equity Residential from $65.00 to $64.00 and set a “hold” rating for the company in a research note on Tuesday, April 14th. Piper Sandler set a $78.00 price objective on shares of Equity Residential in a research note on Tuesday, January 27th. Wells Fargo & Company lifted their price objective on shares of Equity Residential from $62.00 to $64.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 23rd. Stifel Nicolaus dropped their price objective on shares of Equity Residential from $78.50 to $78.25 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Equity Residential in a research note on Tuesday, April 21st. 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price 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.