Kingswood Wealth Advisors LLC Sells 1,267 Shares of Equity Residential (NYSE:EQR)

Kingswood Wealth Advisors LLC trimmed its position in shares of Equity Residential (NYSE:EQR) by 9.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,508 shares of the real estate investment trust’s stock after selling 1,267 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Equity Residential were worth $898,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in EQR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Equity Residential by 806.4% during the 3rd 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 valued at $317,136,000 after purchasing an additional 3,789,234 shares during the last quarter. Los Angeles Capital Management LLC grew its holdings in Equity Residential by 1,459.8% during the 3rd quarter. Los Angeles Capital Management LLC now owns 1,949,473 shares of the real estate investment trust’s stock valued at $145,158,000 after purchasing an additional 1,824,494 shares during the last quarter. FMR LLC grew its holdings in Equity Residential by 29.0% during the 3rd quarter. FMR LLC now owns 7,746,494 shares of the real estate investment trust’s stock valued at $576,804,000 after purchasing an additional 1,741,840 shares during the last quarter. Principal Financial Group Inc. grew its stake in Equity Residential by 8.3% in the 3rd 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 in the last quarter. Finally, Heitman Real Estate Securities LLC grew its stake in Equity Residential by 2,193.2% in the 3rd 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 in the last quarter. 92.68% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on EQR shares. Stifel Nicolaus upgraded shares of Equity Residential from a “hold” rating to a “buy” rating and upped their target price for the stock from $77.75 to $81.50 in a research note on Wednesday, November 13th. Scotiabank dropped 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 note on Thursday, November 14th. Royal Bank of Canada dropped their target price on shares of Equity Residential from $83.00 to $79.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. StockNews.com upgraded shares of Equity Residential from a “sell” rating to a “hold” rating in a research note on Monday, January 13th. Finally, Mizuho dropped their price objective on shares of Equity Residential from $78.00 to $74.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Eleven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $78.36.

Equity Residential Trading Down 1.2 %

NYSE EQR opened at $69.31 on Wednesday. The company has a fifty day simple moving average of $71.91 and a two-hundred day simple moving average of $72.67. The stock 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 12-month low of $57.33 and a 12-month high of $78.83. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.76.

Equity Residential Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 3.90%. Equity Residential’s dividend payout ratio is currently 110.66%.

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.