Legal & General Group Plc Boosts Stake in Equity Residential

The investment firm increased its holdings in the real estate investment trust by 5.7% in the third quarter.

Published on Mar. 12, 2026

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Legal & General Group Plc, a major institutional investor, boosted its position in Equity Residential (NYSE:EQR) by 5.7% in the third quarter, according to a recent SEC filing. The firm now owns over 5 million shares of the real estate investment trust, representing about 1.33% of Equity Residential's outstanding stock.

Why it matters

This increase in ownership by a large institutional investor like Legal & General Group suggests confidence in Equity Residential's long-term prospects. As a major REIT focused on apartment properties, Equity Residential's performance is closely watched as an indicator of the broader multifamily real estate market.

The details

According to the 13F filing, Legal & General Group Plc purchased an additional 273,673 shares of Equity Residential during the third quarter, bringing its total holdings to 5,045,443 shares. The investment firm now owns approximately 1.33% of Equity Residential's outstanding stock, valued at over $326 million as of the end of the quarter.

  • Legal & General Group Plc increased its Equity Residential holdings in the third quarter of 2026.

The players

Legal & General Group Plc

A major British multinational financial services company that provides insurance, pension management, and other investment products.

Equity Residential

A real estate investment trust (REIT) that acquires, develops, owns, and operates rental apartment properties, primarily in major U.S. coastal markets.

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The takeaway

This increase in ownership by a prominent institutional investor like Legal & General Group underscores the continued appeal of the multifamily real estate sector, particularly for well-located apartment properties in major U.S. markets.