First Trust Advisors LP Reduces Stock Position in Equity Residential $EQR

First Trust Advisors LP cut its position in Equity Residential (NYSE:EQR) by 1.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 630,998 shares of the real estate investment trust’s stock after selling 11,838 shares during the period. First Trust Advisors LP owned approximately 0.17% of Equity Residential worth $40,844,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of EQR. Vanguard Group Inc. boosted its position in Equity Residential by 2.3% in the third quarter. Vanguard Group Inc. now owns 57,597,658 shares of the real estate investment trust’s stock valued at $3,728,296,000 after buying an additional 1,281,354 shares during the last quarter. Norges Bank purchased a new position in Equity Residential during the 2nd quarter worth approximately $2,351,689,000. State Street Corp lifted its stake in Equity Residential by 1.8% during the 2nd quarter. State Street Corp now owns 24,234,081 shares of the real estate investment trust’s stock valued at $1,651,909,000 after acquiring an additional 417,119 shares during the period. Geode Capital Management LLC lifted its stake in Equity Residential by 1.4% during the 2nd quarter. Geode Capital Management LLC now owns 9,884,977 shares of the real estate investment trust’s stock valued at $664,662,000 after acquiring an additional 137,533 shares during the period. Finally, Invesco Ltd. boosted its holdings in shares of Equity Residential by 20.9% in the 2nd quarter. Invesco Ltd. now owns 8,019,026 shares of the real estate investment trust’s stock valued at $541,204,000 after acquiring an additional 1,384,580 shares during the last quarter. 92.68% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Equity Residential

In other Equity Residential news, EVP Robert Garechana sold 3,637 shares of the business’s stock in a transaction dated Tuesday, February 10th. The shares were 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 in the company, valued at $1,220,536.20. The trade was a 16.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Michael L. Manelis sold 5,765 shares of Equity Residential stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $65.13, for a total transaction of $375,474.45. Following the sale, the chief operating officer directly owned 46,131 shares in the company, valued at approximately $3,004,512.03. The trade was a 11.11% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 10,058 shares of company stock worth $655,078 in the last quarter. Company insiders own 1.10% of the company’s stock.

Equity Residential Stock Performance

NYSE:EQR opened at $60.23 on Friday. The company’s 50-day moving average price is $62.38 and its 200-day moving average price is $62.47. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.73. The company has a market cap of $22.74 billion, a P/E ratio of 20.56, a P/E/G ratio of 4.53 and a beta of 0.75. Equity Residential has a twelve month low of $58.38 and a twelve month high of $72.64.

Equity Residential (NYSE:EQR) last posted its quarterly earnings results on Thursday, February 5th. The real estate investment trust reported $1.03 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.01). Equity Residential had a net margin of 36.20% and a return on equity of 9.98%. The company had revenue of $781.91 million during the quarter, compared to analyst estimates of $786.35 million. During the same period in the prior year, the business posted $1.00 EPS. Equity Residential’s revenue for the quarter 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, sell-side analysts forecast that Equity Residential will post 3.98 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on EQR. JPMorgan Chase & Co. cut their price target on Equity Residential from $75.00 to $71.00 and set a “neutral” rating on the stock in a research report on Thursday, December 4th. Deutsche Bank Aktiengesellschaft downgraded Equity Residential from a “buy” rating to a “hold” rating and set a $63.00 target price on the stock. in a research note on Tuesday, January 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Equity Residential in a report on Thursday, January 22nd. Royal Bank Of Canada reduced their price target on Equity Residential from $70.00 to $68.00 and set an “outperform” rating for the company in a research report on Thursday, January 15th. Finally, Scotiabank boosted their price target on Equity Residential from $66.00 to $67.00 and gave the company a “sector perform” rating in a report on Wednesday, March 4th. Six investment analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $69.70.

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.