National Pension Service Purchases 3,762 Shares of Equity Residential $EQR

National Pension Service lifted its holdings in Equity Residential (NYSE:EQR) by 0.7% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 578,904 shares of the real estate investment trust’s stock after buying an additional 3,762 shares during the period. National Pension Service’s holdings in Equity Residential were worth $39,070,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Cascade Financial Partners LLC boosted its position in Equity Residential by 38.1% in the second quarter. Cascade Financial Partners LLC now owns 12,785 shares of the real estate investment trust’s stock worth $863,000 after purchasing an additional 3,529 shares during the last quarter. Illinois Municipal Retirement Fund increased its position in shares of Equity Residential by 25.1% during the 2nd quarter. Illinois Municipal Retirement Fund now owns 154,075 shares of the real estate investment trust’s stock valued at $10,399,000 after purchasing an additional 30,910 shares during the last quarter. ProShare Advisors LLC raised its stake in shares of Equity Residential by 3.5% during the 2nd quarter. ProShare Advisors LLC now owns 89,212 shares of the real estate investment trust’s stock worth $6,021,000 after purchasing an additional 2,988 shares during the period. Global Wealth Management Investment Advisory Inc. boosted its holdings in shares of Equity Residential by 10.7% in the 2nd quarter. Global Wealth Management Investment Advisory Inc. now owns 13,747 shares of the real estate investment trust’s stock worth $928,000 after buying an additional 1,333 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Equity Residential in the 2nd quarter worth about $850,000. 92.68% of the stock is owned by institutional investors.

Equity Residential Stock Performance

Shares of EQR stock opened at $59.42 on Friday. The stock has a market capitalization of $22.61 billion, a P/E ratio of 19.61, a PEG ratio of 2.99 and a beta of 0.88. The company has a current ratio of 0.45, a quick ratio of 0.17 and a debt-to-equity ratio of 0.75. The firm’s 50 day moving average is $62.72 and its 200 day moving average is $65.70. Equity Residential has a 12 month low of $58.38 and a 12 month high of $78.32.

Equity Residential (NYSE:EQR) last released its quarterly earnings data on Tuesday, October 28th. The real estate investment trust reported $1.02 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.02. The business had revenue of $782.41 million during the quarter, compared to analyst estimates of $779.68 million. Equity Residential had a net margin of 37.58% and a return on equity of 10.30%. During the same period in the previous year, the business earned $0.98 EPS. 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, sell-side analysts anticipate that Equity Residential will post 3.98 earnings per share for the current year.

Equity Residential Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Thursday, September 25th were paid a dividend of $0.6925 per share. This represents a $2.77 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date was Thursday, September 25th. Equity Residential’s payout ratio is presently 91.42%.

Wall Street Analyst Weigh In

EQR has been the subject of a number of research analyst reports. Morgan Stanley decreased their price objective on shares of Equity Residential from $75.00 to $73.50 and set an “equal weight” rating for the company in a report on Thursday. Stifel Nicolaus set a $79.75 target price on shares of Equity Residential in a research report on Wednesday, October 29th. Jefferies Financial Group lowered their price target on shares of Equity Residential from $68.00 to $65.00 and set a “hold” rating on the stock in a report on Tuesday. The Goldman Sachs Group dropped their price objective on Equity Residential from $72.00 to $70.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 17th. Finally, Evercore ISI reduced their price objective on Equity Residential from $70.00 to $68.00 and set an “outperform” rating for the company in a report on Monday, November 3rd. Seven research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $71.22.

Equity Residential Company 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.