Intech Investment Management LLC purchased a new stake in Equity Commonwealth (NYSE:EQC - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 27,924 shares of the real estate investment trust's stock, valued at approximately $556,000.
Several other institutional investors have also recently bought and sold shares of EQC. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Equity Commonwealth in the 3rd quarter worth $626,000. Quest Partners LLC increased its holdings in Equity Commonwealth by 134.4% during the 3rd quarter. Quest Partners LLC now owns 70,136 shares of the real estate investment trust's stock worth $1,396,000 after purchasing an additional 40,216 shares in the last quarter. Empowered Funds LLC raised its stake in shares of Equity Commonwealth by 3.0% in the 3rd quarter. Empowered Funds LLC now owns 144,726 shares of the real estate investment trust's stock valued at $2,880,000 after purchasing an additional 4,185 shares during the period. Metis Global Partners LLC bought a new stake in shares of Equity Commonwealth in the third quarter valued at about $220,000. Finally, GSA Capital Partners LLP acquired a new position in shares of Equity Commonwealth during the third quarter worth about $2,420,000. Institutional investors own 96.00% of the company's stock.
Analyst Ratings Changes
Separately, StockNews.com cut Equity Commonwealth from a "hold" rating to a "sell" rating in a research note on Friday, October 25th.
Get Our Latest Analysis on Equity Commonwealth
Equity Commonwealth Stock Down 0.8 %
EQC traded down $0.16 during trading hours on Monday, hitting $20.18. 3,637,864 shares of the company's stock were exchanged, compared to its average volume of 1,179,057. The stock has a market cap of $2.17 billion, a price-to-earnings ratio of 52.15 and a beta of 0.27. Equity Commonwealth has a 1-year low of $17.93 and a 1-year high of $21.00. The stock's 50-day moving average is $19.92 and its two-hundred day moving average is $19.79.
About Equity Commonwealth
(
Free Report)
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.
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