Equity Commonwealth (NYSE:EQC) to Issue Dividend of $1.00

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

Equity Commonwealth Trading Down 1.0 %

Shares of Equity Commonwealth stock opened at $26.97 on Wednesday. Equity Commonwealth has a 12-month low of $25.00 and a 12-month high of $28.84. The firm’s 50-day moving average price is $27.07 and its two-hundred day moving average price is $27.16.

Analyst Upgrades and Downgrades

EQC has been the topic of a number of recent analyst reports. StockNews.com cut shares of Equity Commonwealth from a “hold” rating to a “sell” rating in a research note on Tuesday, September 13th. TheStreet raised Equity Commonwealth from a “d+” rating to a “c” rating in a report on Thursday, August 18th.

Institutional Trading of Equity Commonwealth

Several institutional investors and hedge funds have recently modified their holdings of EQC. Captrust Financial Advisors bought a new stake in Equity Commonwealth during the second quarter worth $119,000. Point72 Hong Kong Ltd grew its stake in Equity Commonwealth by 104.9% in the 2nd quarter. Point72 Hong Kong Ltd now owns 4,339 shares of the real estate investment trust’s stock valued at $119,000 after purchasing an additional 2,221 shares during the period. Acadian Asset Management LLC bought a new stake in shares of Equity Commonwealth during the 1st quarter worth $242,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Equity Commonwealth in the 1st quarter worth about $267,000. Finally, LPL Financial LLC bought a new position in Equity Commonwealth during the second quarter valued at about $306,000. 96.94% of the stock is owned by hedge funds and other institutional investors.

About Equity Commonwealth

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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.

Further Reading

Dividend History for Equity Commonwealth (NYSE:EQC)

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