Magnetar Financial LLC Sells 43,219 Shares of Equity Residential $EQR

Magnetar Financial LLC reduced its stake in shares of Equity Residential (NYSE:EQR) by 45.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,993 shares of the real estate investment trust’s stock after selling 43,219 shares during the quarter. Magnetar Financial LLC’s holdings in Equity Residential were worth $3,509,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Swiss National Bank raised its position in shares of Equity Residential by 7.4% during the second quarter. Swiss National Bank now owns 1,034,450 shares of the real estate investment trust’s stock valued at $69,815,000 after buying an additional 71,300 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Equity Residential during the second quarter valued at about $452,000. Saturna Capital Corp raised its holdings in Equity Residential by 10.2% in the 2nd quarter. Saturna Capital Corp now owns 9,575 shares of the real estate investment trust’s stock valued at $646,000 after acquiring an additional 885 shares in the last quarter. Inspire Advisors LLC lifted its position in shares of Equity Residential by 3.7% in the 2nd quarter. Inspire Advisors LLC now owns 7,789 shares of the real estate investment trust’s stock worth $526,000 after acquiring an additional 275 shares during the period. Finally, Vanguard Group Inc. lifted its position in shares of Equity Residential by 0.6% in the 2nd quarter. Vanguard Group Inc. now owns 56,316,304 shares of the real estate investment trust’s stock worth $3,800,787,000 after acquiring an additional 315,370 shares during the period. 92.68% of the stock is currently owned by institutional investors and hedge funds.

Equity Residential Stock Performance

Equity Residential stock opened at $60.53 on Friday. The stock has a 50-day simple moving average of $62.01 and a 200 day simple moving average of $65.31. The stock has a market capitalization of $23.03 billion, a price-to-earnings ratio of 19.98, a P/E/G ratio of 2.99 and a beta of 0.88. The company has a quick ratio of 0.17, a current ratio of 0.45 and a debt-to-equity ratio of 0.75. Equity Residential has a 12-month low of $58.38 and a 12-month high of $78.32.

Equity Residential (NYSE:EQR) last issued its quarterly earnings data on Tuesday, October 28th. The real estate investment trust reported $1.02 EPS for the quarter, hitting analysts’ consensus estimates of $1.02. The firm had revenue of $782.41 million for the quarter, compared to analyst estimates of $779.68 million. Equity Residential had a net margin of 37.58% and a return on equity of 10.30%. During the same quarter in the prior year, the firm earned $0.98 EPS. Equity Residential has set its Q4 2025 guidance at 1.020-1.060 EPS. FY 2025 guidance at 3.980-4.020 EPS. On average, research analysts anticipate that Equity Residential will post 3.98 earnings per share for the current fiscal year.

Equity Residential Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Thursday, September 25th were given a $0.6925 dividend. This represents a $2.77 annualized dividend and a yield of 4.6%. The ex-dividend date was Thursday, September 25th. Equity Residential’s payout ratio is 91.42%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Royal Bank Of Canada lowered their price objective on Equity Residential from $72.00 to $70.00 and set an “outperform” rating on the stock in a research report on Thursday, October 30th. Scotiabank dropped their price objective on shares of Equity Residential from $73.00 to $66.00 and set a “sector perform” rating for the company in a research note on Tuesday, November 4th. The Goldman Sachs Group reduced their price objective on shares of Equity Residential from $72.00 to $70.00 and set a “neutral” rating for the company in a report on Wednesday, September 17th. Stifel Nicolaus set a $79.75 target price on shares of Equity Residential in a research note on Wednesday, October 29th. Finally, Morgan Stanley cut their price target on shares of Equity Residential from $75.00 to $73.50 and set an “equal weight” rating for the company in a research note on Thursday, November 13th. Eight analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $70.83.

About Equity Residential

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.