U.S. Capital Wealth Advisors LLC Buys 25,487 Shares of Equity Residential $EQR

Key Points

• U.S. Capital Wealth Advisors LLC increased its holdings in Equity Residential by 29.6%, now owning 111,690 shares valued at approximately $7.54 million.
• Equity Residential reported a quarterly earnings of $0.99 EPS, meeting expectations, with revenue of $768.83 million, which reflects a 4.7% increase year-over-year.
• The company announced a quarterly dividend of $0.6925 per share, with an expected annual yield of 4.3%, despite a relatively high dividend payout ratio of 104.53%.

U.S. Capital Wealth Advisors LLC lifted its holdings in shares of Equity Residential (NYSE:EQR - Free Report) by 29.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 111,690 shares of the real estate investment trust's stock after purchasing an additional 25,487 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in Equity Residential were worth $7,538,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Versant Capital Management Inc boosted its position in shares of Equity Residential by 51.6% during the 1st quarter. Versant Capital Management Inc now owns 461 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 157 shares in the last quarter. GKV Capital Management Co. Inc. purchased a new stake in Equity Residential in the 1st quarter valued at about $37,000. Keystone Global Partners LLC purchased a new stake in Equity Residential in the 1st quarter valued at about $47,000. Zions Bancorporation National Association UT purchased a new stake in Equity Residential in the 1st quarter valued at about $48,000. Finally, MassMutual Private Wealth & Trust FSB increased its stake in shares of Equity Residential by 27.6% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 740 shares of the real estate investment trust's stock worth $53,000 after purchasing an additional 160 shares during the last quarter. Institutional investors own 92.68% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on EQR. Morgan Stanley reduced their price objective on shares of Equity Residential from $76.50 to $75.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 13th. Wells Fargo & Company dropped their price objective on shares of Equity Residential from $75.00 to $68.00 and set an "equal weight" rating for the company in a report on Wednesday, August 27th. The Goldman Sachs Group lowered their price target on shares of Equity Residential from $72.00 to $70.00 and set a "neutral" rating for the company in a research note on Wednesday, September 17th. UBS Group lowered their price target on shares of Equity Residential from $84.00 to $76.00 and set a "buy" rating for the company in a research note on Tuesday, July 15th. Finally, Wedbush reissued a "neutral" rating and issued a $75.00 target price on shares of Equity Residential in a research note on Wednesday, May 28th. Six research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, Equity Residential presently has an average rating of "Hold" and a consensus price target of $75.25.

Equity Residential Stock Up 0.4%

Shares of NYSE EQR traded up $0.23 during midday trading on Monday, hitting $65.28. The stock had a trading volume of 1,937,101 shares, compared to its average volume of 1,970,349. The business's 50 day moving average is $65.23 and its 200-day moving average is $67.46. The company has a market cap of $24.93 billion, a P/E ratio of 24.63, a PEG ratio of 3.30 and a beta of 0.93. Equity Residential has a 52 week low of $59.41 and a 52 week high of $78.32. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.75.

Equity Residential (NYSE:EQR - Get Free Report) last issued its earnings results on Monday, August 4th. The real estate investment trust reported $0.99 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.99. The firm had revenue of $768.83 million for the quarter, compared to the consensus estimate of $770.60 million. Equity Residential had a net margin of 33.22% and a return on equity of 9.05%. The business's revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.97 earnings per share. Equity Residential has set its FY 2025 guidance at 3.970-4.030 EPS. Q3 2025 guidance at 0.990-1.030 EPS. As a group, analysts predict that Equity Residential will post 3.98 EPS for the current year.

Equity Residential Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Thursday, September 25th will be given a dividend of $0.6925 per share. The ex-dividend date is Thursday, September 25th. This represents a $2.77 dividend on an annualized basis and a yield of 4.2%. Equity Residential's dividend payout ratio is 104.53%.

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.