U.S. Capital Wealth Advisors LLC Buys 24,232 Shares of Equity Residential (NYSE:EQR)

U.S. Capital Wealth Advisors LLC increased its stake in Equity Residential (NYSE:EQR - Free Report) by 39.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 86,203 shares of the real estate investment trust's stock after purchasing an additional 24,232 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in Equity Residential were worth $6,170,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of EQR. Versant Capital Management Inc grew its position in Equity Residential by 51.6% in the first quarter. Versant Capital Management Inc now owns 461 shares of the real estate investment trust's stock valued at $33,000 after acquiring an additional 157 shares during the last quarter. Steward Partners Investment Advisory LLC grew its position in Equity Residential by 109.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 551 shares of the real estate investment trust's stock valued at $40,000 after acquiring an additional 288 shares during the last quarter. Smartleaf Asset Management LLC grew its position in Equity Residential by 38.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 558 shares of the real estate investment trust's stock valued at $40,000 after acquiring an additional 156 shares during the last quarter. Kapitalo Investimentos Ltda bought a new position in Equity Residential in the fourth quarter valued at about $51,000. Finally, MassMutual Private Wealth & Trust FSB grew its position in Equity Residential by 27.6% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 740 shares of the real estate investment trust's stock valued at $53,000 after acquiring an additional 160 shares during the last quarter. Institutional investors own 92.68% of the company's stock.

Equity Residential Stock Performance

NYSE:EQR opened at $66.67 on Tuesday. The stock has a 50-day simple moving average of $69.05 and a two-hundred day simple moving average of $69.57. Equity Residential has a 52-week low of $59.41 and a 52-week high of $78.84. The firm has a market capitalization of $25.33 billion, a PE ratio of 25.45, a P/E/G ratio of 3.90 and a beta of 0.88. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.20 and a current ratio of 0.20.

Equity Residential (NYSE:EQR - Get Free Report) last posted its earnings results on Tuesday, April 29th. The real estate investment trust reported $0.95 EPS for the quarter, topping analysts' consensus estimates of $0.93 by $0.02. The company had revenue of $760.81 million for the quarter, compared to the consensus estimate of $769.43 million. Equity Residential had a return on equity of 8.93% and a net margin of 33.11%. The firm's revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.93 earnings per share. Analysts forecast that Equity Residential will post 3.98 EPS for the current year.

Equity Residential Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Tuesday, June 24th will be paid a $0.6925 dividend. The ex-dividend date is Tuesday, June 24th. This represents a $2.77 annualized dividend and a yield of 4.15%. Equity Residential's dividend payout ratio (DPR) is currently 105.73%.

Analysts Set New Price Targets

A number of brokerages have recently commented on EQR. Stifel Nicolaus cut their price target on Equity Residential from $82.25 to $80.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Truist Financial lifted their price target on Equity Residential from $76.00 to $78.00 and gave the company a "buy" rating in a research note on Monday, March 10th. Wedbush reissued a "neutral" rating and set a $75.00 price target on shares of Equity Residential in a research note on Wednesday, May 28th. Evercore ISI raised Equity Residential from an "in-line" rating to an "outperform" rating and lifted their price target for the company from $74.00 to $75.00 in a research note on Monday. Finally, Scotiabank cut their price target on Equity Residential from $82.00 to $78.00 and set a "sector perform" rating on the stock in a research note on Friday, June 13th. Eight research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $79.19.

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.

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