U.S. Capital Wealth Advisors LLC Grows Position in Equity Residential (NYSE:EQR)

U.S. Capital Wealth Advisors LLC lifted its holdings in shares of Equity Residential (NYSE:EQR) by 6.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,495 shares of the real estate investment trust’s stock after buying an additional 3,347 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in Equity Residential were worth $4,430,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of EQR. Maryland Capital Advisors Inc. purchased a new stake in shares of Equity Residential during the third quarter valued at $25,000. Fidelis Capital Partners LLC bought a new position in Equity Residential in the first quarter valued at about $27,000. UMB Bank n.a. lifted its holdings 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 period. Massmutual Trust Co. FSB ADV lifted its holdings in Equity Residential by 41.9% in the second quarter. Massmutual Trust Co. FSB ADV now owns 525 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 155 shares during the period. Finally, HHM Wealth Advisors LLC lifted its holdings in Equity Residential by 146.6% in the second quarter. HHM Wealth Advisors LLC now owns 550 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 327 shares during the period. 92.68% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on EQR shares. Truist Financial increased their target price on Equity Residential from $73.00 to $77.00 and gave the company a “buy” rating in a report on Thursday, August 29th. Evercore ISI increased their target price on Equity Residential from $75.00 to $76.00 and gave the company an “in-line” rating in a report on Monday, September 16th. JPMorgan Chase & Co. increased their target price on Equity Residential from $68.00 to $80.00 and gave the company a “neutral” rating in a report on Monday, September 16th. Bank of America downgraded Equity Residential from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $78.00 to $82.00 in a research note on Tuesday, September 24th. Finally, The Goldman Sachs Group began coverage on Equity Residential in a research note on Wednesday, September 4th. They issued a “neutral” rating and a $81.00 price objective on the stock. Twelve investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $75.97.

Equity Residential Price Performance

EQR traded up $1.44 on Wednesday, hitting $75.59. 255,855 shares of the company’s stock traded hands, compared to its average volume of 1,860,168. The company’s 50 day simple moving average is $74.42 and its 200-day simple moving average is $69.51. The firm has a market cap of $28.69 billion, a price-to-earnings ratio of 30.76, a P/E/G ratio of 6.05 and a beta of 0.89. Equity Residential has a one year low of $52.57 and a one year high of $78.83. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.64.

Equity Residential (NYSE:EQR) last released its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.96 by ($0.49). The firm had revenue of $734.20 million for the quarter, compared to analysts’ expectations of $735.26 million. Equity Residential had a net margin of 32.83% and a return on equity of 8.53%. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.94 EPS. As a group, research analysts anticipate that Equity Residential will post 3.89 EPS for the current year.

Equity Residential Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Tuesday, September 24th were issued a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a yield of 3.57%. The ex-dividend date of this dividend was Tuesday, September 24th. Equity Residential’s dividend payout ratio is presently 112.03%.

Equity Residential Company 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.