Bamco Inc. NY Sells 26,853 Shares of Equity Residential $EQR

Bamco Inc. NY cut its holdings in shares of Equity Residential (NYSE:EQR) by 4.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 551,275 shares of the real estate investment trust’s stock after selling 26,853 shares during the quarter. Bamco Inc. NY owned 0.14% of Equity Residential worth $35,684,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of 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 period. Norges Bank bought a new position in Equity Residential during the 2nd quarter worth $2,351,689,000. State Street Corp raised its holdings in Equity Residential by 1.8% in 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 in the last quarter. Invesco Ltd. raised its holdings in 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 in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Equity Residential by 3.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 5,199,635 shares of the real estate investment trust’s stock valued at $336,564,000 after acquiring an additional 173,002 shares during the period. 92.68% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on EQR shares. Wall Street Zen lowered Equity Residential from a “hold” rating to a “sell” rating in a report on Monday. Truist Financial dropped their price target on Equity Residential from $75.00 to $70.00 and set a “buy” rating for the company in a research note on Monday, November 17th. Evercore upped their price objective on shares of Equity Residential from $69.00 to $70.00 in a research report on Monday, March 9th. BNP Paribas Exane increased their price objective on shares of Equity Residential from $66.00 to $68.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 3rd. Finally, Stifel Nicolaus set a $78.50 target price on shares of Equity Residential in a report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and thirteen have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Equity Residential currently has an average rating of “Hold” and a consensus price target of $69.70.

Insider Transactions at Equity Residential

In related news, 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 of the company’s stock, valued at approximately $3,004,512.03. The trade was a 11.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Robert Garechana sold 3,637 shares of the company’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $65.13, for a total transaction of $236,877.81. Following the transaction, the executive vice president owned 18,740 shares of the company’s stock, valued at approximately $1,220,536.20. This represents a 16.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 10,058 shares of company stock valued at $655,078. 1.00% of the stock is currently owned by insiders.

Equity Residential Trading Down 0.4%

Shares of EQR opened at $60.01 on Monday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.31 and a current ratio of 0.31. Equity Residential has a 52-week low of $58.38 and a 52-week high of $72.64. The firm has a market cap of $22.66 billion, a price-to-earnings ratio of 20.48, a PEG ratio of 4.53 and a beta of 0.75. The business’s fifty day moving average is $62.34 and its 200-day moving average is $62.40.

Equity Residential (NYSE:EQR) last announced its quarterly earnings data on Thursday, February 5th. The real estate investment trust reported $1.03 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.01). The business had revenue of $781.91 million for the quarter, compared to the consensus estimate of $786.35 million. Equity Residential had a return on equity of 9.98% and a net margin of 36.20%.Equity Residential’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.00 earnings per share. 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. Equities analysts anticipate that Equity Residential will post 3.98 EPS for the current fiscal year.

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.