Magnetar Financial LLC Has $1.67 Million Stock Position in Equity Residential $EQR

Magnetar Financial LLC lowered its stake in Equity Residential (NYSE:EQR) by 50.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,864 shares of the real estate investment trust’s stock after selling 26,129 shares during the quarter. Magnetar Financial LLC’s holdings in Equity Residential were worth $1,674,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Rothschild Investment LLC lifted its stake in Equity Residential by 6.8% during the second quarter. Rothschild Investment LLC now owns 2,841 shares of the real estate investment trust’s stock valued at $192,000 after buying an additional 182 shares in the last quarter. Cetera Investment Advisers boosted its holdings in shares of Equity Residential by 0.4% in the second quarter. Cetera Investment Advisers now owns 48,030 shares of the real estate investment trust’s stock worth $3,242,000 after buying an additional 183 shares during the period. CX Institutional increased its position in shares of Equity Residential by 6.1% in the third quarter. CX Institutional now owns 3,274 shares of the real estate investment trust’s stock worth $212,000 after acquiring an additional 189 shares in the last quarter. Summitry LLC increased its position in shares of Equity Residential by 6.3% in the third quarter. Summitry LLC now owns 3,193 shares of the real estate investment trust’s stock worth $207,000 after acquiring an additional 189 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its holdings in shares of Equity Residential by 1.1% during the third quarter. Louisiana State Employees Retirement System now owns 18,200 shares of the real estate investment trust’s stock valued at $1,178,000 after acquiring an additional 200 shares during the period. Institutional investors and hedge funds own 92.68% of the company’s stock.

Equity Residential Trading Up 0.1%

Shares of NYSE:EQR opened at $60.23 on Friday. The firm has a fifty day moving average of $62.38 and a two-hundred day moving average of $62.47. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.73. Equity Residential has a 12-month low of $58.38 and a 12-month high of $72.64. The firm has a market capitalization of $22.74 billion, a P/E ratio of 20.56, a price-to-earnings-growth ratio of 4.53 and a beta of 0.75.

Equity Residential (NYSE:EQR) last posted its quarterly earnings results on Thursday, February 5th. The real estate investment trust reported $1.03 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.01). Equity Residential had a return on equity of 9.98% and a net margin of 36.20%.The company had revenue of $781.91 million during the quarter, compared to analyst estimates of $786.35 million. During the same period last year, the company posted $1.00 earnings per share. The company’s revenue was up 2.0% compared to the same quarter last year. Equity Residential has set its Q1 2026 guidance at 0.940-0.980 EPS and its FY 2026 guidance at 4.020-4.140 EPS. On average, equities analysts expect that Equity Residential will post 3.98 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Royal Bank Of Canada decreased their price objective on shares of Equity Residential from $70.00 to $68.00 and set an “outperform” rating for the company in a research note on Thursday, January 15th. Barclays reduced their target price on Equity Residential from $78.00 to $75.00 and set an “overweight” rating for the company in a report on Friday, March 6th. Scotiabank raised their target price on Equity Residential from $66.00 to $67.00 and gave the stock a “sector perform” rating in a research report on Wednesday, March 4th. Piper Sandler set a $78.00 price target on Equity Residential in a report on Tuesday, January 27th. Finally, Stifel Nicolaus set a $78.50 price target on Equity Residential in a research report on Friday, February 6th. Six research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, Equity Residential presently has a consensus rating of “Hold” and a consensus price target of $69.70.

Insiders Place Their Bets

In other Equity Residential news, EVP Robert Garechana sold 3,637 shares of the company’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $65.13, for a total value of $236,877.81. Following the transaction, the executive vice president directly owned 18,740 shares of the company’s stock, valued at $1,220,536.20. This represents a 16.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Michael L. Manelis sold 5,765 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $65.13, for a total value of $375,474.45. Following the sale, the chief operating officer directly owned 46,131 shares of the company’s stock, valued at $3,004,512.03. This trade represents a 11.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 10,058 shares of company stock valued at $655,078 in the last three months. Insiders own 1.10% of the company’s stock.

Equity Residential Profile

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.