U.S. Capital Wealth Advisors LLC Acquires 2,476 Shares of Equity Residential (NYSE:EQR)

U.S. Capital Wealth Advisors LLC grew its holdings in shares of Equity Residential (NYSE:EQR) by 4.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 61,971 shares of the real estate investment trust’s stock after acquiring an additional 2,476 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in Equity Residential were worth $4,447,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of EQR. Maryland Capital Advisors Inc. bought a new stake in Equity Residential during the third quarter valued at approximately $25,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Equity Residential during the 3rd quarter valued at $29,000. Assetmark Inc. lifted its holdings in shares of Equity Residential by 2,529.4% during the 3rd quarter. Assetmark Inc. now owns 447 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 430 shares during the last quarter. Brooklyn Investment Group purchased a new position in Equity Residential in the third quarter worth $33,000. Finally, UMB Bank n.a. increased its stake in Equity Residential by 69.6% in the third quarter. UMB Bank n.a. now owns 475 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 195 shares during the last quarter. Hedge funds and other institutional investors own 92.68% of the company’s stock.

Wall Street Analysts Forecast Growth

EQR has been the subject of several research analyst reports. StockNews.com lowered Equity Residential from a “hold” rating to a “sell” rating in a research note on Friday. Royal Bank of Canada cut their target price on Equity Residential from $83.00 to $79.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Stifel Nicolaus raised shares of Equity Residential from a “hold” rating to a “buy” rating and lifted their price target for the stock from $77.75 to $81.50 in a research note on Wednesday, November 13th. Barclays cut their price objective on shares of Equity Residential from $83.00 to $79.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Finally, Scotiabank decreased their target price on shares of Equity Residential from $81.00 to $78.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 14th. One analyst has rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Equity Residential currently has a consensus rating of “Hold” and a consensus target price of $78.36.

Equity Residential Price Performance

EQR opened at $70.61 on Monday. The stock’s 50 day moving average price is $71.49 and its 200-day moving average price is $72.68. Equity Residential has a 52-week low of $57.33 and a 52-week high of $78.83. The stock has a market capitalization of $26.79 billion, a PE ratio of 28.94, a price-to-earnings-growth ratio of 4.21 and a beta of 0.93. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.13 and a current ratio of 0.13.

Equity Residential Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, January 2nd were issued a $0.675 dividend. The ex-dividend date was Thursday, January 2nd. This represents a $2.70 annualized dividend and a yield of 3.82%. Equity Residential’s dividend payout ratio (DPR) is presently 110.66%.

Equity Residential Profile

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.