M&T Bank Corp increased its position in shares of Equity Commonwealth (NYSE:EQC – Get Rating) by 7.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,999 shares of the real estate investment trust’s stock after purchasing an additional 770 shares during the quarter. M&T Bank Corp’s holdings in Equity Commonwealth were worth $303,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. IndexIQ Advisors LLC bought a new position in shares of Equity Commonwealth in the 1st quarter worth about $928,000. Robeco Institutional Asset Management B.V. lifted its holdings in Equity Commonwealth by 1,288.1% in the second quarter. Robeco Institutional Asset Management B.V. now owns 572,601 shares of the real estate investment trust’s stock worth $15,763,000 after acquiring an additional 531,351 shares during the last quarter. Cambridge Investment Research Advisors Inc. acquired a new position in Equity Commonwealth in the second quarter valued at approximately $3,196,000. Blueshift Asset Management LLC grew its holdings in shares of Equity Commonwealth by 122.8% during the first quarter. Blueshift Asset Management LLC now owns 22,851 shares of the real estate investment trust’s stock valued at $645,000 after purchasing an additional 12,597 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in shares of Equity Commonwealth by 25.1% during the first quarter. Russell Investments Group Ltd. now owns 94,602 shares of the real estate investment trust’s stock valued at $2,667,000 after purchasing an additional 18,990 shares during the last quarter. 96.94% of the stock is currently owned by institutional investors.
Equity Commonwealth Trading Down 1.5 %
Shares of NYSE:EQC opened at $25.72 on Tuesday. The firm’s 50 day moving average is $25.55 and its two-hundred day moving average is $26.55. The firm has a market capitalization of $2.81 billion, a P/E ratio of 428.67 and a beta of 0.26. Equity Commonwealth has a 52 week low of $23.88 and a 52 week high of $28.84.
Equity Commonwealth Cuts Dividend
Wall Street Analyst Weigh In
EQC has been the subject of a number of analyst reports. TheStreet upgraded Equity Commonwealth from a “d+” rating to a “c” rating in a research report on Thursday, August 18th. StockNews.com upgraded shares of Equity Commonwealth from a “sell” rating to a “hold” rating in a research report on Saturday.
Insider Buying and Selling at Equity Commonwealth
In other news, EVP Orrin S. Shifrin sold 50,000 shares of the stock in a transaction on Tuesday, September 20th. The stock was sold at an average price of $26.95, for a total value of $1,347,500.00. Following the completion of the transaction, the executive vice president now owns 184,345 shares of the company’s stock, valued at $4,968,097.75. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.70% of the stock is owned by company insiders.
About Equity Commonwealth
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 same property portfolio is comprised of 4 properties and 1.5 million square feet.
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