Equity Commonwealth (NYSE:EQC) Shares Sold by Credit Suisse AG

Credit Suisse AG reduced its holdings in Equity Commonwealth (NYSE:EQC – Get Rating) by 3.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 188,552 shares of the real estate investment trust’s stock after selling 6,236 shares during the period. Credit Suisse AG’s holdings in Equity Commonwealth were worth $4,594,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of Montreal Can raised its position in Equity Commonwealth by 73.5% in the first quarter. Bank of Montreal Can now owns 155,171 shares of the real estate investment trust’s stock valued at $4,469,000 after purchasing an additional 65,725 shares during the period. Acadian Asset Management LLC purchased a new stake in Equity Commonwealth in the first quarter valued at $242,000. MetLife Investment Management LLC grew its stake in shares of Equity Commonwealth by 37.4% in the first quarter. MetLife Investment Management LLC now owns 57,605 shares of the real estate investment trust’s stock valued at $1,625,000 after buying an additional 15,695 shares in the last quarter. Rhumbline Advisers grew its stake in shares of Equity Commonwealth by 1.2% in the first quarter. Rhumbline Advisers now owns 181,687 shares of the real estate investment trust’s stock valued at $5,125,000 after buying an additional 2,138 shares in the last quarter. Finally, Sei Investments Co. grew its stake in shares of Equity Commonwealth by 1.5% in the first quarter. Sei Investments Co. now owns 111,058 shares of the real estate investment trust’s stock valued at $3,132,000 after buying an additional 1,678 shares in the last quarter. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Equity Commonwealth Price Performance

EQC opened at $21.45 on Tuesday. Equity Commonwealth has a 12 month low of $21.18 and a 12 month high of $28.84. The stock has a market capitalization of $2.35 billion, a price-to-earnings ratio of 82.50 and a beta of 0.30. The business has a fifty day moving average price of $25.12 and a 200 day moving average price of $25.67.

Equity Commonwealth Increases Dividend

The business also recently announced a dividend, which will be paid on Thursday, March 9th. Investors of record on Thursday, February 23rd will be paid a dividend of $4.25 per share. This represents a yield of 20.22%. This is a boost from Equity Commonwealth’s previous dividend of $1.00. The ex-dividend date of this dividend is Wednesday, February 22nd.

Analysts Set New Price Targets

Separately, StockNews.com raised Equity Commonwealth from a “sell” rating to a “hold” rating in a research note on Friday, February 10th.

About Equity Commonwealth

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Equity Commonwealth operates as an internally managed and self-advised real estate investment trust. It engages in the ownership and operation of office properties. The company was founded by Barry M. Portnoy on October 9, 1986 and is headquartered in Chicago, IL.