SeaCrest Wealth Management LLC purchased a new stake in Equity Commonwealth (NYSE:EQC – Get 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
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
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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