Equity Commonwealth (EQC) to Issue Dividend of $1.00 on October 18th

Equity Commonwealth (NYSE:EQCGet Rating) declared a dividend on Wednesday, September 21st, investing.com reports. Stockholders of record on Thursday, September 29th will be paid a dividend of 1.00 per share by the real estate investment trust on Tuesday, October 18th. This represents a dividend yield of 3.71%. The ex-dividend date is Wednesday, September 28th.

Equity Commonwealth Price Performance

Shares of EQC stock opened at $25.94 on Friday. The business has a 50-day simple moving average of $27.02 and a 200-day simple moving average of $27.15. Equity Commonwealth has a 52-week low of $25.00 and a 52-week high of $28.84.

Analysts Set New Price Targets

Several equities analysts recently weighed in on EQC shares. TheStreet upgraded Equity Commonwealth from a “d+” rating to a “c” rating in a research note on Thursday, August 18th. StockNews.com lowered Equity Commonwealth from a “hold” rating to a “sell” rating in a research note on Thursday.

Insiders Place Their Bets

In other Equity Commonwealth news, EVP Orrin S. Shifrin sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 20th. The stock was sold at an average price of $26.95, for a total transaction of $1,347,500.00. Following the completion of the sale, the executive vice president now directly owns 184,345 shares in the company, valued at approximately $4,968,097.75. The transaction was disclosed in a document filed with the SEC, which is available through this link. 2.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Equity Commonwealth

A number of large investors have recently made changes to their positions in the stock. State Street Corp grew its position in shares of Equity Commonwealth by 9.2% in the first quarter. State Street Corp now owns 5,665,251 shares of the real estate investment trust’s stock valued at $159,817,000 after purchasing an additional 475,759 shares in the last quarter. Ariel Investments LLC grew its position in shares of Equity Commonwealth by 43.6% in the first quarter. Ariel Investments LLC now owns 2,905,341 shares of the real estate investment trust’s stock valued at $81,960,000 after purchasing an additional 881,703 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Equity Commonwealth by 16.6% in the first quarter. Renaissance Technologies LLC now owns 1,378,886 shares of the real estate investment trust’s stock valued at $38,898,000 after purchasing an additional 196,776 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Equity Commonwealth by 2,667.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 440,252 shares of the real estate investment trust’s stock valued at $12,420,000 after purchasing an additional 424,344 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in Equity Commonwealth by 54.8% in the first quarter. Invesco Ltd. now owns 256,837 shares of the real estate investment trust’s stock valued at $7,245,000 after acquiring an additional 90,953 shares during the last quarter. 96.94% of the stock is currently owned by hedge funds and other institutional investors.

Equity Commonwealth Company Profile

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Equity Commonwealth (NYSE: EQC) is a Chicago based, internally managed and self-advised real estate investment trust (REIT) with commercial office properties in the United States. EQC's same property portfolio is comprised of 4 properties and 1.5 million square feet.

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Dividend History for Equity Commonwealth (NYSE:EQC)

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