Thrivent Financial for Lutherans Purchases New Stake in Equity Commonwealth (NYSE:EQC)

Thrivent Financial for Lutherans acquired a new stake in Equity Commonwealth (NYSE:EQC – Get Rating) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 36,709 shares of the real estate investment trust’s stock, valued at approximately $916,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp grew its stake in shares of Equity Commonwealth by 9.2% in the first quarter. State Street Corp now owns 5,665,251 shares of the real estate investment trust’s stock worth $159,817,000 after purchasing an additional 475,759 shares during the last quarter. Segall Bryant & Hamill LLC raised its holdings in shares of Equity Commonwealth by 2.9% during the third quarter. Segall Bryant & Hamill LLC now owns 4,537,261 shares of the real estate investment trust’s stock valued at $110,524,000 after acquiring an additional 128,558 shares in the last quarter. Ariel Investments LLC lifted its stake in Equity Commonwealth by 43.6% in the first quarter. Ariel Investments LLC now owns 2,905,341 shares of the real estate investment trust’s stock worth $81,960,000 after acquiring an additional 881,703 shares during the period. Renaissance Technologies LLC boosted its holdings in Equity Commonwealth by 29.3% in the third quarter. Renaissance Technologies LLC now owns 1,876,085 shares of the real estate investment trust’s stock valued at $45,701,000 after acquiring an additional 425,275 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its position in Equity Commonwealth by 60.8% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,497,324 shares of the real estate investment trust’s stock valued at $37,388,000 after purchasing an additional 566,040 shares during the period. 93.39% of the stock is owned by institutional investors.

Equity Commonwealth Stock Performance

EQC stock opened at $21.27 on Wednesday. Equity Commonwealth has a fifty-two week low of $19.41 and a fifty-two week high of $28.20. The company has a market capitalization of $2.33 billion, a price-to-earnings ratio of 46.24, a price-to-earnings-growth ratio of 1.92 and a beta of 0.30. The business’s 50 day moving average price is $20.56 and its two-hundred day moving average price is $23.36.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Equity Commonwealth from a “hold” rating to a “sell” rating in a research note on Saturday.

Equity Commonwealth Company Profile

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Equity Commonwealth operates as an internally managed and self-advised real estate investment trust. It engages in the ownership and operation of office properties. The company was founded by Barry M. Portnoy on October 9, 1986 and is headquartered in Chicago, IL.