Equity Residential (NYSE:EQR) Shares Sold by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC lowered its holdings in Equity Residential (NYSE:EQR) by 9.2% during the fourth quarter, Holdings Channel reports. The fund owned 12,508 shares of the real estate investment trust’s stock after selling 1,267 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Equity Residential were worth $898,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in EQR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Equity Residential by 806.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,259,145 shares of the real estate investment trust’s stock worth $317,136,000 after acquiring an additional 3,789,234 shares during the period. Los Angeles Capital Management LLC increased its stake in shares of Equity Residential by 1,459.8% in the third quarter. Los Angeles Capital Management LLC now owns 1,949,473 shares of the real estate investment trust’s stock worth $145,158,000 after acquiring an additional 1,824,494 shares during the period. FMR LLC increased its stake in shares of Equity Residential by 29.0% in the third quarter. FMR LLC now owns 7,746,494 shares of the real estate investment trust’s stock worth $576,804,000 after acquiring an additional 1,741,840 shares during the period. Principal Financial Group Inc. increased its stake in shares of Equity Residential by 8.3% in the third quarter. Principal Financial Group Inc. now owns 7,745,615 shares of the real estate investment trust’s stock worth $576,737,000 after acquiring an additional 591,866 shares during the period. Finally, Heitman Real Estate Securities LLC increased its stake in shares of Equity Residential by 2,193.2% in the third quarter. Heitman Real Estate Securities LLC now owns 416,647 shares of the real estate investment trust’s stock worth $31,024,000 after acquiring an additional 398,478 shares during the period. Institutional investors and hedge funds own 92.68% of the company’s stock.

Equity Residential Stock Performance

NYSE:EQR opened at $69.31 on Wednesday. The company’s 50-day moving average price is $71.91 and its 200-day moving average price is $72.67. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.76. The company has a market cap of $26.30 billion, a P/E ratio of 28.40, a P/E/G ratio of 5.36 and a beta of 0.93. Equity Residential has a twelve month low of $57.33 and a twelve month high of $78.83.

Equity Residential Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Thursday, January 2nd were paid a $0.675 dividend. This represents a $2.70 annualized dividend and a dividend yield of 3.90%. The ex-dividend date of this dividend was Thursday, January 2nd. Equity Residential’s dividend payout ratio is currently 110.66%.

Analyst Upgrades and Downgrades

EQR has been the topic of several analyst reports. Barclays dropped their price target on shares of Equity Residential from $83.00 to $79.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Mizuho dropped their price target on shares of Equity Residential from $78.00 to $74.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Stifel Nicolaus upgraded shares of Equity Residential from a “hold” rating to a “buy” rating and raised their price target for the company from $77.75 to $81.50 in a research report on Wednesday, November 13th. StockNews.com upgraded shares of Equity Residential from a “sell” rating to a “hold” rating in a research report on Monday, January 13th. Finally, Wells Fargo & Company dropped their price target on shares of Equity Residential from $77.00 to $75.00 and set an “equal weight” rating on the stock in a research report on Friday, January 24th. Eleven analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Equity Residential has an average rating of “Hold” and an average target price of $78.36.

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.