Equity Commonwealth (NYSE:EQC) Position Reduced by Macquarie Group Ltd.

Macquarie Group Ltd. lowered its stake in Equity Commonwealth (NYSE:EQC – Get Rating) by 42.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 38,471 shares of the real estate investment trust’s stock after selling 28,737 shares during the period. Macquarie Group Ltd.’s holdings in Equity Commonwealth were worth $1,060,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Ellevest Inc. bought a new stake in Equity Commonwealth in the third quarter worth $34,000. SeaCrest Wealth Management LLC bought a new stake in shares of Equity Commonwealth during the second quarter valued at approximately $44,000. Quadrant Capital Group LLC boosted its stake in Equity Commonwealth by 116.3% in the third quarter. Quadrant Capital Group LLC now owns 1,869 shares of the real estate investment trust’s stock valued at $46,000 after acquiring an additional 1,005 shares during the last quarter. Captrust Financial Advisors acquired a new stake in Equity Commonwealth in the second quarter worth $119,000. Finally, Point72 Hong Kong Ltd raised its holdings in shares of Equity Commonwealth by 104.9% during the second quarter. Point72 Hong Kong Ltd now owns 4,339 shares of the real estate investment trust’s stock worth $119,000 after acquiring an additional 2,221 shares during the period. Institutional investors own 93.39% of the company’s stock.

Equity Commonwealth Stock Performance

NYSE:EQC opened at $19.67 on Monday. Equity Commonwealth has a 52 week low of $19.49 and a 52 week high of $28.84. The firm’s fifty day moving average is $24.27 and its 200-day moving average is $25.23. The firm has a market cap of $2.16 billion, a P/E ratio of 75.66 and a beta of 0.30.

Equity Commonwealth Increases Dividend

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

Analyst Ratings Changes

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

About Equity Commonwealth

(Get Rating)

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.