Illinois Municipal Retirement Fund Has $2.66 Million Position in Equity Residential $EQR

Illinois Municipal Retirement Fund cut its holdings in shares of Equity Residential (NYSE:EQR) by 59.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,014 shares of the real estate investment trust’s stock after selling 65,036 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Equity Residential were worth $2,663,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Empowered Funds LLC increased its position in shares of Equity Residential by 3.1% in the first quarter. Empowered Funds LLC now owns 7,489 shares of the real estate investment trust’s stock valued at $536,000 after acquiring an additional 226 shares during the last quarter. Cresset Asset Management LLC grew its stake in Equity Residential by 13.9% in the second quarter. Cresset Asset Management LLC now owns 4,836 shares of the real estate investment trust’s stock valued at $330,000 after purchasing an additional 590 shares in the last quarter. Jump Financial LLC increased its position in shares of Equity Residential by 96.1% during the 2nd quarter. Jump Financial LLC now owns 11,300 shares of the real estate investment trust’s stock worth $763,000 after purchasing an additional 5,537 shares during the last quarter. Federated Hermes Inc. acquired a new position in shares of Equity Residential during the 2nd quarter worth approximately $100,000. Finally, Cerity Partners LLC increased its position in shares of Equity Residential by 170.7% during the 2nd quarter. Cerity Partners LLC now owns 20,646 shares of the real estate investment trust’s stock worth $1,393,000 after purchasing an additional 13,018 shares during the last quarter. 92.68% of the stock is currently owned by institutional investors and hedge funds.

Equity Residential Stock Performance

Shares of NYSE EQR opened at $68.99 on Monday. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.77. Equity Residential has a 12 month low of $57.57 and a 12 month high of $71.50. The stock has a 50 day moving average of $67.02 and a 200-day moving average of $63.75. The company has a market capitalization of $25.86 billion, a P/E ratio of 27.59, a P/E/G ratio of 5.48 and a beta of 0.74.

Equity Residential (NYSE:EQR) last posted its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.09). Equity Residential had a net margin of 30.63% and a return on equity of 8.57%. The business had revenue of $779.85 million during the quarter, compared to the consensus estimate of $781.79 million. During the same quarter last year, the company posted $0.95 EPS. The firm’s revenue 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. As a group, equities research analysts predict 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 issued a $0.7025 dividend. This represents a $2.81 annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Monday, June 29th. Equity Residential’s payout ratio is currently 112.40%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on EQR shares. Truist Financial increased their price objective on Equity Residential from $70.00 to $72.00 and gave the company a “buy” rating in a report on Tuesday, June 16th. Barclays reaffirmed an “equal weight” rating and set a $76.00 price target on shares of Equity Residential in a research report on Tuesday, July 14th. Royal Bank Of Canada cut shares of Equity Residential from an “outperform” rating to a “sector perform” rating and increased their price target for the company from $69.00 to $70.00 in a research note on Monday, June 8th. Evercore lifted their price objective on shares of Equity Residential from $70.00 to $71.00 in a research report on Monday, June 8th. Finally, BMO Capital Markets boosted their price objective on shares of Equity Residential from $68.00 to $75.00 and gave the stock a “market perform” rating in a research note on Monday, June 8th. 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 company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $70.80.

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.