Boston Partners raised its stake in Equity Commonwealth (NYSE:EQC – Free Report) by 42.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 281,888 shares of the real estate investment trust’s stock after acquiring an additional 83,995 shares during the quarter. Boston Partners’ holdings in Equity Commonwealth were worth $5,711,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in the stock. Advisory Services Network LLC lifted its holdings in Equity Commonwealth by 30.3% in the 1st quarter. Advisory Services Network LLC now owns 2,483 shares of the real estate investment trust’s stock valued at $51,000 after purchasing an additional 577 shares in the last quarter. Quintet Private Bank Europe S.A. acquired a new stake in Equity Commonwealth during the first quarter worth approximately $52,000. Rockefeller Capital Management L.P. grew its stake in Equity Commonwealth by 36.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,404 shares of the real estate investment trust’s stock worth $59,000 after acquiring an additional 643 shares during the period. Castleview Partners LLC raised its holdings in Equity Commonwealth by 18.2% in the 1st quarter. Castleview Partners LLC now owns 3,392 shares of the real estate investment trust’s stock valued at $70,000 after acquiring an additional 522 shares during the last quarter. Finally, Point72 Hong Kong Ltd lifted its stake in shares of Equity Commonwealth by 104.9% during the 2nd quarter. Point72 Hong Kong Ltd now owns 4,339 shares of the real estate investment trust’s stock worth $119,000 after purchasing an additional 2,221 shares during the period. Institutional investors and hedge funds own 95.20% of the company’s stock.
Analyst Ratings Changes
Separately, StockNews.com started coverage on Equity Commonwealth in a research report on Thursday, October 5th. They issued a “hold” rating for the company.
Equity Commonwealth Stock Performance
Equity Commonwealth stock opened at $19.00 on Tuesday. The company has a market cap of $2.03 billion, a price-to-earnings ratio of 27.14, a PEG ratio of 1.84 and a beta of 0.30. Equity Commonwealth has a 1 year low of $18.09 and a 1 year high of $27.39. The firm has a 50 day moving average price of $18.73 and a 200 day moving average price of $19.62.
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.
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