Corient Private Wealth LLC Has $6.41 Million Holdings in Equity Residential (NYSE:EQR)

Corient Private Wealth LLC decreased its position in Equity Residential (NYSE:EQR) by 3.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 89,342 shares of the real estate investment trust’s stock after selling 3,437 shares during the quarter. Corient Private Wealth LLC’s holdings in Equity Residential were worth $6,411,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in EQR. Keybank National Association OH grew its position in Equity Residential by 2.0% in the fourth quarter. Keybank National Association OH now owns 7,001 shares of the real estate investment trust’s stock worth $502,000 after acquiring an additional 139 shares in the last quarter. AdvisorNet Financial Inc boosted its holdings in Equity Residential by 25.3% in the fourth quarter. AdvisorNet Financial Inc now owns 722 shares of the real estate investment trust’s stock worth $52,000 after purchasing an additional 146 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in Equity Residential by 38.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 558 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 156 shares in the last quarter. Smithfield Trust Co increased its position in Equity Residential by 20.9% during the third quarter. Smithfield Trust Co now owns 1,209 shares of the real estate investment trust’s stock worth $89,000 after buying an additional 209 shares during the last quarter. Finally, Frank Rimerman Advisors LLC raised its holdings in Equity Residential by 4.0% during the fourth quarter. Frank Rimerman Advisors LLC now owns 5,604 shares of the real estate investment trust’s stock valued at $402,000 after buying an additional 218 shares in the last quarter. Institutional investors and hedge funds own 92.68% of the company’s stock.

Equity Residential Stock Up 0.6 %

EQR stock opened at $70.17 on Friday. Equity Residential has a twelve month low of $59.48 and a twelve month high of $78.84. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.72. The company has a market cap of $26.64 billion, a PE ratio of 25.80, a price-to-earnings-growth ratio of 3.99 and a beta of 0.91. The business’s 50-day simple moving average is $70.74 and its 200 day simple moving average is $72.69.

Equity Residential Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.6925 per share. This represents a $2.77 annualized dividend and a dividend yield of 3.95%. This is a positive change from Equity Residential’s previous quarterly dividend of $0.68. Equity Residential’s dividend payout ratio (DPR) is presently 99.26%.

Analysts Set New Price Targets

Several analysts have recently issued reports on EQR shares. Truist Financial upped their price target on Equity Residential from $76.00 to $78.00 and gave the stock a “buy” rating in a research note on Monday, March 10th. Evercore ISI increased their price target on Equity Residential from $74.00 to $76.00 and gave the company an “in-line” rating in a report on Monday, February 10th. Scotiabank boosted their price objective on shares of Equity Residential from $78.00 to $79.00 and gave the stock a “sector perform” rating in a research note on Friday, February 14th. StockNews.com raised shares of Equity Residential from a “sell” rating to a “hold” rating in a report on Saturday, February 8th. Finally, Stifel Nicolaus set a $82.25 target price on shares of Equity Residential in a report on Tuesday, February 4th. Ten analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $78.51.

Insider Activity

In other news, EVP Scott Fenster sold 5,340 shares of Equity Residential stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $72.06, for a total transaction of $384,800.40. Following the sale, the executive vice president now directly owns 35,507 shares in the company, valued at approximately $2,558,634.42. The trade was a 13.07 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Michael L. Manelis sold 9,487 shares of the company’s stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $72.07, for a total transaction of $683,728.09. Following the completion of the sale, the chief operating officer now directly owns 26,781 shares in the company, valued at approximately $1,930,106.67. The trade was a 26.16 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,763 shares of company stock worth $1,424,217. Company insiders own 1.00% of the company’s stock.

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.