Equity Commonwealth (NYSE:EQC) Shares Acquired by Moody National Bank Trust Division

Moody National Bank Trust Division grew its holdings in Equity Commonwealth (NYSE:EQC – Get Rating) by 43.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 58,482 shares of the real estate investment trust’s stock after buying an additional 17,738 shares during the period. Moody National Bank Trust Division’s holdings in Equity Commonwealth were worth $1,460,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Synovus Financial Corp lifted its holdings in shares of Equity Commonwealth by 2.9% during the second quarter. Synovus Financial Corp now owns 21,228 shares of the real estate investment trust’s stock worth $587,000 after purchasing an additional 603 shares during the period. Bessemer Group Inc. lifted its holdings in shares of Equity Commonwealth by 3.8% during the third quarter. Bessemer Group Inc. now owns 22,183 shares of the real estate investment trust’s stock worth $540,000 after purchasing an additional 815 shares during the period. Quadrant Capital Group LLC lifted its holdings in shares of Equity Commonwealth by 116.3% during the third quarter. Quadrant Capital Group LLC now owns 1,869 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 1,005 shares during the period. Mariner LLC lifted its holdings in shares of Equity Commonwealth by 0.8% during the first quarter. Mariner LLC now owns 140,085 shares of the real estate investment trust’s stock worth $3,952,000 after purchasing an additional 1,113 shares during the period. Finally, Tectonic Advisors LLC lifted its holdings in shares of Equity Commonwealth by 3.4% during the third quarter. Tectonic Advisors LLC now owns 37,062 shares of the real estate investment trust’s stock worth $903,000 after purchasing an additional 1,210 shares during the period. Institutional investors and hedge funds own 93.39% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Equity Commonwealth from a “hold” rating to a “sell” rating in a report on Monday, March 13th.

Equity Commonwealth Stock Down 1.7 %

Shares of Equity Commonwealth stock traded down $0.34 on Friday, reaching $19.57. 10,471,369 shares of the stock were exchanged, compared to its average volume of 1,405,661. Equity Commonwealth has a twelve month low of $19.41 and a twelve month high of $28.84. The firm has a market capitalization of $2.14 billion, a price-to-earnings ratio of 75.27, a PEG ratio of 5.09 and a beta of 0.30. The business has a 50 day moving average price of $23.85 and a two-hundred day moving average price of $25.06.

Equity Commonwealth Increases Dividend

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

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.