AE Wealth Management LLC Invests $691,000 in Equity Residential $EQR

AE Wealth Management LLC purchased a new stake in shares of Equity Residential (NYSE:EQR) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 10,681 shares of the real estate investment trust’s stock, valued at approximately $691,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EQR. CVA Family Office LLC lifted its holdings in shares of Equity Residential by 425.3% during the second quarter. CVA Family Office LLC now owns 415 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 336 shares during the last quarter. FNY Investment Advisers LLC lifted its stake in shares of Equity Residential by 1,000.0% in the second quarter. FNY Investment Advisers LLC now owns 660 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 600 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new stake in shares of Equity Residential during the second quarter valued at approximately $61,000. MUFG Securities EMEA plc purchased a new stake in Equity Residential during the 2nd quarter valued at $68,000. Finally, Trust Co. of Toledo NA OH purchased a new stake in shares of Equity Residential during the second quarter valued at $83,000. 92.68% of the stock is owned by hedge funds and other institutional investors.

Equity Residential Stock Performance

Shares of Equity Residential stock opened at $63.02 on Thursday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.45 and a current ratio of 0.45. The company has a market capitalization of $23.98 billion, a PE ratio of 20.80, a P/E/G ratio of 4.20 and a beta of 0.76. The company has a 50-day simple moving average of $61.72 and a two-hundred day simple moving average of $62.76. Equity Residential has a one year low of $58.38 and a one year high of $75.86.

Equity Residential Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Friday, January 2nd were issued a dividend of $0.6925 per share. This represents a $2.77 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend was Friday, January 2nd. Equity Residential’s dividend payout ratio (DPR) is 91.42%.

Analyst Ratings Changes

EQR has been the topic of several research reports. Stifel Nicolaus set a $79.75 target price on Equity Residential in a research report on Wednesday, October 29th. JPMorgan Chase & Co. decreased their target price on shares of Equity Residential from $75.00 to $71.00 and set a “neutral” rating on the stock in a research note on Thursday, December 4th. Morgan Stanley dropped their price target on shares of Equity Residential from $75.00 to $73.50 and set an “equal weight” rating for the company in a research report on Thursday, November 13th. Wells Fargo & Company cut their target price on Equity Residential from $68.00 to $62.00 and set an “equal weight” rating for the company in a research report on Monday, November 10th. Finally, Evercore ISI reduced their price target on shares of Equity Residential from $70.00 to $68.00 and set an “outperform” rating on the stock in a report on Monday, November 3rd. Seven analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat.com, Equity Residential presently has a consensus rating of “Hold” and an average target price of $70.01.

Equity Residential Profile

Equity Residential (NYSE: EQR) is a publicly traded real estate investment trust that acquires, develops, owns and operates rental apartment properties. Headquartered in Chicago, the company focuses on delivering professionally managed, market-rate apartment homes and related services to renters. Its operations cover a range of property types, including high-rise and mid-rise assets, with amenities and on-site management designed to support resident retention and occupancy.

The company’s core activities include property acquisitions, development and redevelopment, leasing, and day-to-day property management.