BNP Paribas Financial Markets Boosts Stake in Equity Commonwealth (NYSE:EQC)

BNP Paribas Financial Markets grew its position in shares of Equity Commonwealth (NYSE:EQC - Free Report) by 143.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 172,970 shares of the real estate investment trust's stock after acquiring an additional 101,829 shares during the quarter. BNP Paribas Financial Markets owned about 0.16% of Equity Commonwealth worth $3,442,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of EQC. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Equity Commonwealth in the 2nd quarter valued at $7,760,000. Whitebox Advisors LLC grew its holdings in shares of Equity Commonwealth by 58.7% during the second quarter. Whitebox Advisors LLC now owns 1,059,000 shares of the real estate investment trust's stock valued at $20,545,000 after buying an additional 391,793 shares during the last quarter. Lee Danner & Bass Inc. bought a new stake in shares of Equity Commonwealth during the second quarter worth about $6,470,000. Victory Capital Management Inc. raised its holdings in shares of Equity Commonwealth by 31.4% in the 2nd quarter. Victory Capital Management Inc. now owns 913,902 shares of the real estate investment trust's stock worth $17,730,000 after acquiring an additional 218,204 shares during the last quarter. Finally, Manning & Napier Advisors LLC bought a new position in Equity Commonwealth in the 2nd quarter valued at about $3,463,000. 96.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Equity Commonwealth from a "hold" rating to a "sell" rating in a research note on Friday, October 25th.

Equity Commonwealth Stock Up 0.9 %

NYSE EQC traded up $0.18 on Thursday, reaching $20.33. The company had a trading volume of 4,135,038 shares, compared to its average volume of 1,203,436. The company's fifty day moving average is $19.94 and its 200 day moving average is $19.80. Equity Commonwealth has a 52-week low of $17.93 and a 52-week high of $21.00. The stock has a market capitalization of $2.18 billion, a P/E ratio of 51.64 and a beta of 0.27.

Equity Commonwealth Profile

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 portfolio is comprised of four properties totaling 1.5 million square feet.