LVW Advisors LLC Purchases 677 Shares of Equity Residential (NYSE:EQR)

LVW Advisors LLC grew its position in shares of Equity Residential (NYSE:EQR) by 7.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,091 shares of the real estate investment trust’s stock after purchasing an additional 677 shares during the period. LVW Advisors LLC’s holdings in Equity Residential were worth $724,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in EQR. Maryland Capital Advisors Inc. bought a new stake in Equity Residential during the third quarter worth about $25,000. Wilmington Savings Fund Society FSB bought a new stake in Equity Residential during the third quarter worth about $29,000. Assetmark Inc. lifted its stake in Equity Residential by 2,529.4% during the third quarter. Assetmark Inc. now owns 447 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 430 shares during the last quarter. Brooklyn Investment Group bought a new stake in Equity Residential during the third quarter worth about $33,000. Finally, UMB Bank n.a. lifted its stake in Equity Residential by 69.6% during the third quarter. UMB Bank n.a. now owns 475 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 195 shares during the last quarter. Institutional investors own 92.68% of the company’s stock.

Equity Residential Stock Performance

Shares of EQR opened at $69.78 on Monday. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.76. The business’s 50 day moving average price is $72.46 and its 200-day moving average price is $72.58. Equity Residential has a 52 week low of $57.33 and a 52 week high of $78.83. The stock has a market cap of $26.48 billion, a P/E ratio of 28.60, a P/E/G ratio of 5.25 and a beta of 0.93.

Equity Residential Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Thursday, January 2nd were given a $0.675 dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $2.70 dividend on an annualized basis and a dividend yield of 3.87%. Equity Residential’s dividend payout ratio is currently 110.66%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Barclays assumed coverage on Equity Residential in a report on Tuesday, December 17th. They issued an “overweight” rating and a $83.00 price objective on the stock. StockNews.com upgraded Equity Residential from a “sell” rating to a “hold” rating in a report on Monday, January 13th. Bank of America downgraded Equity Residential from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $78.00 to $82.00 in a report on Tuesday, September 24th. Mizuho decreased their price objective on Equity Residential from $78.00 to $74.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Finally, Scotiabank decreased their price objective on Equity Residential from $81.00 to $78.00 and set a “sector perform” rating on the stock in a report on Thursday, November 14th. Eleven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $78.69.

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.