State of New Jersey Common Pension Fund D Lowers Holdings in Equity Residential $EQR

State of New Jersey Common Pension Fund D decreased its stake in shares of Equity Residential (NYSE:EQR) by 0.3% in the second quarter, Holdings Channel reports. The institutional investor owned 154,637 shares of the real estate investment trust’s stock after selling 543 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Equity Residential were worth $10,436,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. GKV Capital Management Co. Inc. bought a new stake in shares of Equity Residential in the first quarter worth $37,000. FNY Investment Advisers LLC grew its holdings in Equity Residential by 1,000.0% during the second quarter. FNY Investment Advisers LLC now owns 660 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 600 shares during the period. Keystone Global Partners LLC bought a new stake in Equity Residential during the first quarter valued at about $47,000. Zions Bancorporation National Association UT bought a new stake in Equity Residential during the first quarter valued at about $48,000. Finally, Beaird Harris Wealth Management LLC bought a new stake in Equity Residential during the first quarter valued at about $56,000. Hedge funds and other institutional investors own 92.68% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. UBS Group dropped their price objective on Equity Residential from $84.00 to $76.00 and set a “buy” rating for the company in a research note on Tuesday, July 15th. Barclays dropped their price objective on Equity Residential from $81.00 to $80.00 and set an “overweight” rating for the company in a research note on Tuesday, September 30th. Morgan Stanley decreased their target price on Equity Residential from $76.50 to $75.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 13th. Wall Street Zen downgraded Equity Residential from a “hold” rating to a “sell” rating in a research report on Sunday. Finally, Stifel Nicolaus set a $80.50 target price on Equity Residential and gave the stock a “buy” rating in a research report on Tuesday, August 5th. Seven equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $73.57.

Equity Residential Trading Up 0.2%

Shares of EQR stock opened at $63.43 on Friday. Equity Residential has a 1 year low of $59.41 and a 1 year high of $78.32. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.17 and a quick ratio of 0.17. The stock’s 50 day simple moving average is $64.24 and its two-hundred day simple moving average is $66.50. The company has a market cap of $24.23 billion, a PE ratio of 23.94, a price-to-earnings-growth ratio of 3.22 and a beta of 0.90.

Equity Residential (NYSE:EQR) last issued its quarterly earnings results on Monday, August 4th. The real estate investment trust reported $0.99 earnings per share for the quarter, hitting the consensus estimate of $0.99. Equity Residential had a return on equity of 9.05% and a net margin of 33.22%.The firm had revenue of $768.83 million for the quarter, compared to the consensus estimate of $770.60 million. During the same period in the prior year, the business posted $0.97 earnings per share. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. Equity Residential has set its FY 2025 guidance at 3.970-4.030 EPS. Q3 2025 guidance at 0.990-1.030 EPS. Research analysts predict that Equity Residential will post 3.98 earnings per share for the current year.

Equity Residential Announces Dividend

The firm 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. This represents a $2.77 annualized dividend and a dividend yield of 4.4%. The ex-dividend date was Thursday, September 25th. Equity Residential’s dividend payout ratio is presently 104.53%.

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.