Swiss National Bank decreased its position in Equity Commonwealth (NYSE:EQC – Get Rating) by 6.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 266,300 shares of the real estate investment trust’s stock after selling 19,600 shares during the quarter. Swiss National Bank’s holdings in Equity Commonwealth were worth $7,331,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently added to or reduced their stakes in the company. M&T Bank Corp increased its stake in shares of Equity Commonwealth by 5.6% during the 1st quarter. M&T Bank Corp now owns 10,229 shares of the real estate investment trust’s stock valued at $288,000 after acquiring an additional 540 shares during the last quarter. IndexIQ Advisors LLC acquired a new position in shares of Equity Commonwealth during the 1st quarter valued at about $928,000. Robeco Institutional Asset Management B.V. increased its stake in shares of Equity Commonwealth by 1,288.1% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 572,601 shares of the real estate investment trust’s stock valued at $15,763,000 after acquiring an additional 531,351 shares during the last quarter. Tevis Investment Management increased its stake in shares of Equity Commonwealth by 5.6% during the 2nd quarter. Tevis Investment Management now owns 56,387 shares of the real estate investment trust’s stock valued at $1,554,000 after acquiring an additional 2,990 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. acquired a new position in shares of Equity Commonwealth during the 2nd quarter valued at about $3,196,000. Institutional investors and hedge funds own 96.94% of the company’s stock.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on EQC. TheStreet upgraded Equity Commonwealth from a “d+” rating to a “c” rating in a report on Thursday, August 18th. StockNews.com cut Equity Commonwealth from a “hold” rating to a “sell” rating in a report on Tuesday.
Insider Transactions at Equity Commonwealth
Equity Commonwealth Stock Performance
Shares of NYSE:EQC opened at $26.38 on Wednesday. Equity Commonwealth has a 1 year low of $23.88 and a 1 year high of $28.84. The stock has a market capitalization of $2.89 billion, a P/E ratio of 439.67 and a beta of 0.26. The stock has a 50-day simple moving average of $25.48 and a 200-day simple moving average of $26.54.
Equity Commonwealth Cuts Dividend
The company also recently announced a dividend, which was paid on Tuesday, October 18th. Stockholders of record on Thursday, September 29th were issued a dividend of $1.00 per share. This represents a dividend yield of 3.71%. The ex-dividend date of this dividend was Wednesday, September 28th.
Equity Commonwealth Company Profile
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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