Weiss Asset Management LP acquired a new position in shares of Equity Commonwealth (NYSE:EQC - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,861,770 shares of the real estate investment trust's stock, valued at approximately $76,849,000. Equity Commonwealth comprises 1.8% of Weiss Asset Management LP's portfolio, making the stock its 6th largest holding. Weiss Asset Management LP owned 3.60% of Equity Commonwealth at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in EQC. Price T Rowe Associates Inc. MD boosted its position in shares of Equity Commonwealth by 9.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 57,631 shares of the real estate investment trust's stock valued at $1,089,000 after acquiring an additional 5,061 shares during the period. Manning & Napier Advisors LLC bought a new stake in Equity Commonwealth in the 2nd quarter valued at about $3,463,000. Sequoia Financial Advisors LLC grew its position in shares of Equity Commonwealth by 5.1% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 34,779 shares of the real estate investment trust's stock worth $675,000 after purchasing an additional 1,697 shares in the last quarter. Hunter Perkins Capital Management LLC increased its holdings in shares of Equity Commonwealth by 15.0% during the second quarter. Hunter Perkins Capital Management LLC now owns 54,245 shares of the real estate investment trust's stock worth $1,052,000 after purchasing an additional 7,063 shares during the period. Finally, Fullcircle Wealth LLC acquired a new stake in shares of Equity Commonwealth in the second quarter valued at approximately $814,000. Institutional investors own 96.00% of the company's stock.
Equity Commonwealth Stock Up 0.4 %
Shares of EQC stock traded up $0.09 during trading hours on Friday, reaching $20.42. The company's stock had a trading volume of 3,834,113 shares, compared to its average volume of 1,211,760. Equity Commonwealth has a fifty-two week low of $17.93 and a fifty-two week high of $21.00. The firm's 50 day simple moving average is $19.95 and its 200-day simple moving average is $19.80. The company has a market capitalization of $2.19 billion, a price-to-earnings ratio of 52.33 and a beta of 0.27.
Analyst Ratings Changes
Separately, StockNews.com downgraded Equity Commonwealth from a "hold" rating to a "sell" rating in a research report on Friday, October 25th.
View Our Latest Analysis on EQC
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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