California Public Employees Retirement System Sells 49,782 Shares of Equity Residential $EQR

California Public Employees Retirement System decreased its stake in shares of Equity Residential (NYSE:EQR) by 6.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 693,755 shares of the real estate investment trust’s stock after selling 49,782 shares during the quarter. California Public Employees Retirement System’s holdings in Equity Residential were worth $41,036,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fulcrum Asset Management LLP acquired a new stake in shares of Equity Residential in the 3rd quarter valued at approximately $27,000. Zions Bancorporation National Association UT increased its holdings in Equity Residential by 375.2% during the fourth 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 last quarter. DV Equities LLC acquired a new position in Equity Residential during the fourth quarter worth $30,000. Harvest Fund Management Co. Ltd bought a new stake in Equity Residential during the third quarter worth $31,000. Finally, Leonteq Securities AG raised its position in Equity Residential by 48.8% during the first quarter. Leonteq Securities AG now owns 549 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 180 shares in the last quarter. Institutional investors own 92.68% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on EQR shares. Mizuho increased their price target on shares of Equity Residential from $66.00 to $70.00 and gave the company a “neutral” rating in a research note on Wednesday, June 10th. Scotiabank boosted their price objective on shares of Equity Residential from $67.00 to $70.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 9th. Nordea Equity Research raised shares of Equity Residential to a “buy” rating in a report on Wednesday, May 27th. The Goldman Sachs Group cut their target price on shares of Equity Residential from $71.00 to $69.00 and set a “neutral” rating for the company in a research note on Thursday, April 16th. Finally, Cantor Fitzgerald lifted their price target on Equity Residential from $64.00 to $66.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and fourteen have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $71.25.

Equity Residential Price Performance

Shares of EQR opened at $68.83 on Tuesday. The firm has a market capitalization of $25.80 billion, a PE ratio of 27.53, a PEG ratio of 5.48 and a beta of 0.74. The company’s 50-day moving average is $67.07 and its 200-day moving average is $63.79. Equity Residential has a fifty-two week low of $57.57 and a fifty-two week high of $71.50. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.18 and a quick ratio of 0.18.

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

Equity Residential Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Monday, June 29th were given a dividend of $0.7025 per share. The ex-dividend date was Monday, June 29th. This represents a $2.81 annualized dividend and a yield of 4.1%. Equity Residential’s dividend payout ratio (DPR) is 112.40%.

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.