SeaCrest Wealth Management LLC Takes Position in Equity Commonwealth (NYSE:EQC)

SeaCrest Wealth Management LLC purchased a new stake in Equity Commonwealth (NYSE:EQCGet Rating) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,588 shares of the real estate investment trust’s stock, valued at approximately $44,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Tevis Investment Management increased its stake in shares of Equity Commonwealth by 5.6% in the second quarter. Tevis Investment Management now owns 56,387 shares of the real estate investment trust’s stock valued at $1,554,000 after buying an additional 2,990 shares during the period. MQS Management LLC acquired a new stake in shares of Equity Commonwealth in the second quarter valued at about $744,000. M&T Bank Corp increased its stake in shares of Equity Commonwealth by 7.5% in the second quarter. M&T Bank Corp now owns 10,999 shares of the real estate investment trust’s stock valued at $303,000 after buying an additional 770 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in shares of Equity Commonwealth by 8.4% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 50,494 shares of the real estate investment trust’s stock valued at $1,390,000 after buying an additional 3,905 shares during the period. Finally, Envestnet Asset Management Inc. increased its stake in shares of Equity Commonwealth by 15.8% in the second quarter. Envestnet Asset Management Inc. now owns 160,108 shares of the real estate investment trust’s stock valued at $4,408,000 after buying an additional 21,818 shares during the period. Institutional investors and hedge funds own 96.94% of the company’s stock.

Equity Commonwealth Price Performance

NYSE EQC opened at $26.23 on Monday. The business has a 50 day simple moving average of $25.50 and a 200 day simple moving average of $26.54. Equity Commonwealth has a one year low of $23.88 and a one year high of $28.84. The stock has a market capitalization of $2.87 billion, a P/E ratio of 437.17 and a beta of 0.26.

Equity Commonwealth Cuts Dividend

The firm also recently announced a dividend, which was paid on Tuesday, October 18th. Investors of record on Thursday, September 29th were paid a dividend of $1.00 per share. The ex-dividend date of this dividend was Wednesday, September 28th. This represents a yield of 3.71%.

Insider Buying and Selling

In other Equity Commonwealth news, EVP Orrin S. Shifrin sold 50,000 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president now owns 184,345 shares of the company’s stock, valued at $4,968,097.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on EQC. TheStreet raised Equity Commonwealth from a “d+” rating to a “c” rating in a research note on Thursday, August 18th. StockNews.com raised Equity Commonwealth from a “sell” rating to a “hold” rating in a research note on Saturday, November 12th.

Equity Commonwealth Company Profile

(Get Rating)

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.

Featured Stories

Want to see what other hedge funds are holding EQC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Equity Commonwealth (NYSE:EQCGet Rating).

Institutional Ownership by Quarter for Equity Commonwealth (NYSE:EQC)

Receive News & Ratings for Equity Commonwealth Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equity Commonwealth and related companies with MarketBeat.com's FREE daily email newsletter.