Equity Commonwealth (NYSE:EQC) Reaches New 52-Week Low at $19.48

Shares of Equity Commonwealth (NYSE:EQC – Get Rating) reached a new 52-week low during trading on Monday . The company traded as low as $19.48 and last traded at $19.61, with a volume of 81839 shares. The stock had previously closed at $19.67.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Equity Commonwealth from a “hold” rating to a “sell” rating in a research note on Monday.

Equity Commonwealth Trading Up 0.8 %

The business’s 50 day moving average is $24.17 and its 200 day moving average is $25.18. The stock has a market capitalization of $2.17 billion, a PE ratio of 76.38 and a beta of 0.30.

Equity Commonwealth Increases Dividend

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

Institutional Investors Weigh In On Equity Commonwealth

Several large investors have recently added to or reduced their stakes in EQC. Bank of Montreal Can boosted its position in Equity Commonwealth by 73.5% in the 1st quarter. Bank of Montreal Can now owns 155,171 shares of the real estate investment trust’s stock valued at $4,469,000 after buying an additional 65,725 shares during the period. Acadian Asset Management LLC purchased a new stake in Equity Commonwealth in the 1st quarter valued at about $242,000. MetLife Investment Management LLC boosted its position in Equity Commonwealth by 37.4% in the 1st 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 during the period. Rhumbline Advisers boosted its position in Equity Commonwealth by 1.2% in the 1st 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 during the period. Finally, Sei Investments Co. boosted its position in Equity Commonwealth by 1.5% in the 1st 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 during the period. 93.39% of the stock is owned by hedge funds and other institutional investors.

Equity Commonwealth Company Profile

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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.