Jacobs Levy Equity Management Inc. Sells 40,845 Shares of Equity Commonwealth (NYSE:EQC)

Jacobs Levy Equity Management Inc. reduced its position in Equity Commonwealth (NYSE:EQC) by 2.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,863,125 shares of the real estate investment trust’s stock after selling 40,845 shares during the period. Jacobs Levy Equity Management Inc.’s holdings in Equity Commonwealth were worth $37,076,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EQC. Manning & Napier Advisors LLC bought a new position in shares of Equity Commonwealth during the 2nd quarter valued at approximately $3,463,000. Harbor Capital Advisors Inc. raised its stake in Equity Commonwealth by 273.4% during the second quarter. Harbor Capital Advisors Inc. now owns 65,417 shares of the real estate investment trust’s stock valued at $1,269,000 after purchasing an additional 47,898 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Equity Commonwealth during the third quarter valued at $626,000. Brandes Investment Partners LP lifted its position in Equity Commonwealth by 9.2% during the second quarter. Brandes Investment Partners LP now owns 670,692 shares of the real estate investment trust’s stock valued at $13,004,000 after purchasing an additional 56,490 shares during the last quarter. Finally, Mesirow Financial Investment Management Inc. purchased a new position in shares of Equity Commonwealth in the 2nd quarter worth $1,712,000. 96.00% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Equity Commonwealth from a “hold” rating to a “sell” rating in a research report on Friday, October 25th.

Equity Commonwealth Price Performance

Shares of EQC stock opened at $20.17 on Wednesday. The company has a market cap of $2.16 billion, a PE ratio of 51.72 and a beta of 0.27. Equity Commonwealth has a 1 year low of $17.93 and a 1 year high of $21.00. The stock’s 50 day simple moving average is $19.92 and its two-hundred day simple moving average is $19.79.

Equity Commonwealth 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.