Ensign Peak Advisors Inc Purchases 22,360 Shares of Equity Commonwealth (NYSE:EQC)

Posted by Defense World Staff on Mar 12th, 2023

Ensign Peak Advisors Inc lifted its position in shares of Equity Commonwealth (NYSE:EQC – Get Rating) by 102.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 44,240 shares of the real estate investment trust’s stock after acquiring an additional 22,360 shares during the period. Ensign Peak Advisors Inc’s holdings in Equity Commonwealth were worth $1,078,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. First Manhattan Co. lifted its holdings in shares of Equity Commonwealth by 16.0% during the 3rd quarter. First Manhattan Co. now owns 42,500 shares of the real estate investment trust’s stock worth $1,035,000 after acquiring an additional 5,875 shares during the period. First Trust Advisors LP lifted its holdings in shares of Equity Commonwealth by 11.0% during the 3rd quarter. First Trust Advisors LP now owns 60,128 shares of the real estate investment trust’s stock worth $1,465,000 after acquiring an additional 5,945 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Equity Commonwealth by 1.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 590,399 shares of the real estate investment trust’s stock worth $14,382,000 after acquiring an additional 8,632 shares during the period. Brandywine Global Investment Management LLC lifted its holdings in shares of Equity Commonwealth by 93.8% during the 3rd quarter. Brandywine Global Investment Management LLC now owns 205,233 shares of the real estate investment trust’s stock worth $4,999,000 after acquiring an additional 99,330 shares during the period. Finally, Zacks Investment Management lifted its holdings in shares of Equity Commonwealth by 22.1% during the 3rd quarter. Zacks Investment Management now owns 72,444 shares of the real estate investment trust’s stock worth $1,765,000 after acquiring an additional 13,109 shares during the period. Institutional investors own 93.39% of the company’s stock.

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.

Equity Commonwealth Price Performance

EQC stock opened at $19.67 on Friday. The company has a 50 day simple moving average of $24.27 and a 200 day simple moving average of $25.24. The stock has a market cap of $2.16 billion, a price-to-earnings ratio of 75.66 and a beta of 0.30. Equity Commonwealth has a 1 year low of $19.49 and a 1 year high of $28.84.

Equity Commonwealth Increases Dividend

The business also recently disclosed 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. 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 was Wednesday, February 22nd.

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.