387,160 Shares in Equity Residential $EQR Acquired by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Equity Residential (NYSE:EQR - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 387,160 shares of the real estate investment trust's stock, valued at approximately $26,129,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned approximately 0.10% of Equity Residential at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. GKV Capital Management Co. Inc. bought a new position in Equity Residential in the 1st quarter worth approximately $37,000. Keystone Global Partners LLC bought a new position in Equity Residential in the 1st quarter worth approximately $47,000. Zions Bancorporation National Association UT bought a new position in Equity Residential during the 1st quarter valued at $48,000. Beaird Harris Wealth Management LLC bought a new position in Equity Residential during the 1st quarter valued at $56,000. Finally, Larson Financial Group LLC increased its position in shares of Equity Residential by 215.4% during the 1st quarter. Larson Financial Group LLC now owns 817 shares of the real estate investment trust's stock valued at $58,000 after purchasing an additional 558 shares during the period. 92.68% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. UBS Group lowered their price target on Equity Residential from $84.00 to $76.00 and set a "buy" rating on the stock in a research report on Tuesday, July 15th. Wells Fargo & Company lowered their price target on Equity Residential from $75.00 to $68.00 and set an "equal weight" rating on the stock in a research report on Wednesday, August 27th. The Goldman Sachs Group lowered their price target on Equity Residential from $72.00 to $70.00 and set a "neutral" rating on the stock in a research report on Wednesday, September 17th. Truist Financial lowered their price target on Equity Residential from $78.00 to $75.00 and set a "buy" rating on the stock in a research report on Friday, August 29th. Finally, Scotiabank lowered their price target on Equity Residential from $77.00 to $73.00 and set a "sector perform" rating on the stock in a research report on Tuesday, October 14th. Seven research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, Equity Residential has an average rating of "Hold" and an average target price of $73.57.

Equity Residential Price Performance

Shares of NYSE:EQR opened at $62.24 on Monday. Equity Residential has a one year low of $59.41 and a one year high of $78.32. The stock has a fifty day moving average of $64.26 and a 200-day moving average of $66.51. The company has a market capitalization of $23.77 billion, a PE ratio of 23.48, a price-to-earnings-growth ratio of 3.16 and a beta of 0.90. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.17 and a current ratio of 0.17.

Equity Residential (NYSE:EQR - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $0.99 EPS for the quarter, meeting analysts' consensus estimates of $0.99. Equity Residential had a return on equity of 9.05% and a net margin of 33.22%.The company had revenue of $768.83 million during the quarter, compared to the consensus estimate of $770.60 million. During the same quarter in the prior year, the firm earned $0.97 EPS. The company's quarterly revenue was up 4.7% compared to the same quarter last year. Equity Residential has set its FY 2025 guidance at 3.970-4.030 EPS. Q3 2025 guidance at 0.990-1.030 EPS. As a group, equities analysts anticipate that Equity Residential will post 3.98 EPS for the current fiscal year.

Equity Residential Announces Dividend

The firm also recently announced 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 was Thursday, September 25th. This represents a $2.77 dividend on an annualized basis and a dividend yield of 4.5%. Equity Residential's dividend payout ratio is presently 104.53%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.