Verition Fund Management LLC lifted its holdings in Equity Commonwealth (NYSE:EQC - Free Report) by 1,142.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 214,522 shares of the real estate investment trust's stock after acquiring an additional 197,254 shares during the period. Verition Fund Management LLC owned approximately 0.20% of Equity Commonwealth worth $4,269,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in the business. Burgundy Asset Management Ltd. increased its holdings in Equity Commonwealth by 1.4% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 3,709,792 shares of the real estate investment trust's stock valued at $71,970,000 after purchasing an additional 50,864 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its position in shares of Equity Commonwealth by 1.1% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,622,655 shares of the real estate investment trust's stock worth $32,291,000 after buying an additional 18,393 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Equity Commonwealth by 4.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,491,407 shares of the real estate investment trust's stock valued at $29,679,000 after buying an additional 64,180 shares in the last quarter. D. E. Shaw & Co. Inc. grew its stake in shares of Equity Commonwealth by 4.2% in the second quarter. D. E. Shaw & Co. Inc. now owns 1,161,788 shares of the real estate investment trust's stock valued at $22,539,000 after buying an additional 46,314 shares in the last quarter. Finally, Whitebox Advisors LLC raised its holdings in shares of Equity Commonwealth by 58.7% during the 2nd 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 period. Institutional investors and hedge funds own 96.00% of the company's stock.
Wall Street Analyst Weigh In
Separately, StockNews.com cut Equity Commonwealth from a "hold" rating to a "sell" rating in a report on Friday, October 25th.
View Our Latest Research Report on Equity Commonwealth
Equity Commonwealth Price Performance
Equity Commonwealth stock traded down $0.02 during midday trading on Wednesday, hitting $20.15. 2,607,891 shares of the stock were exchanged, compared to its average volume of 1,190,883. Equity Commonwealth has a 1 year low of $17.93 and a 1 year high of $21.00. The firm has a market cap of $2.16 billion, a P/E ratio of 51.72 and a beta of 0.27. The company has a 50 day moving average price of $19.93 and a two-hundred day moving average price of $19.80.
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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