32,564 Shares in Equity Commonwealth (NYSE:EQC) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new stake in shares of Equity Commonwealth (NYSE:EQC) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 32,564 shares of the real estate investment trust’s stock, valued at approximately $58,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First Affirmative Financial Network lifted its holdings in shares of Equity Commonwealth by 117.0% during the fourth quarter. First Affirmative Financial Network now owns 24,831 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 13,389 shares during the last quarter. DGS Capital Management LLC acquired a new position in Equity Commonwealth during the 4th quarter valued at $53,000. Ullmann Wealth Partners Group LLC bought a new stake in Equity Commonwealth in the 4th quarter valued at $68,000. Resona Asset Management Co. Ltd. bought a new stake in Equity Commonwealth in the 4th quarter valued at $75,000. Finally, Aristides Capital LLC acquired a new stake in Equity Commonwealth in the 4th quarter worth $214,000. Institutional investors and hedge funds own 96.00% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Equity Commonwealth in a research report on Friday, May 9th. They set a “sell” rating for the company.

Equity Commonwealth Price Performance

Shares of EQC opened at $1.58 on Thursday. The stock’s 50-day moving average price is $1.59 and its 200 day moving average price is $5.47. The firm has a market capitalization of $169.73 million, a price-to-earnings ratio of 4.05 and a beta of 0.57. Equity Commonwealth has a 12-month low of $1.40 and a 12-month high of $21.00.

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 portfolio is comprised of four properties totaling 1.5 million square feet.