Comerica Bank raised its holdings in Equity Commonwealth (NYSE:EQC) by 3.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 290,144 shares of the real estate investment trust’s stock after acquiring an additional 10,747 shares during the quarter. Comerica Bank owned approximately 0.23% of Equity Commonwealth worth $8,780,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. California Public Employees Retirement System boosted its stake in Equity Commonwealth by 6.6% during the third quarter. California Public Employees Retirement System now owns 401,870 shares of the real estate investment trust’s stock worth $12,217,000 after acquiring an additional 24,873 shares in the last quarter. Prudential PLC bought a new position in Equity Commonwealth during the second quarter worth $329,000. Stevens Capital Management LP bought a new position in Equity Commonwealth during the third quarter worth $2,008,000. Dimensional Fund Advisors LP boosted its stake in Equity Commonwealth by 2.9% during the third quarter. Dimensional Fund Advisors LP now owns 1,823,968 shares of the real estate investment trust’s stock worth $55,449,000 after acquiring an additional 50,867 shares in the last quarter. Finally, Relative Value Partners Group LLC bought a new position in shares of Equity Commonwealth in the third quarter valued at $1,600,000. Hedge funds and other institutional investors own 94.81% of the company’s stock.
A number of research firms have weighed in on EQC. Stifel Nicolaus reaffirmed a “hold” rating and issued a $31.00 price objective on shares of Equity Commonwealth in a research note on Thursday, October 26th. Zacks Investment Research downgraded shares of Equity Commonwealth from a “hold” rating to a “sell” rating in a report on Thursday, October 19th.
Equity Commonwealth (NYSE:EQC) traded up $0.18 during midday trading on Thursday, reaching $28.73. 94,423 shares of the company were exchanged, compared to its average volume of 718,243. Equity Commonwealth has a 1-year low of $27.96 and a 1-year high of $32.51. The company has a debt-to-equity ratio of 0.27, a current ratio of 41.39 and a quick ratio of 41.39. The stock has a market capitalization of $3,553.92, a P/E ratio of 65.46 and a beta of 0.03.
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Equity Commonwealth Company Profile
Equity Commonwealth is an internally managed and self-advised real estate investment trust. The Company is engaged in the ownership and operation primarily of office buildings across the United States. The Company conducts its activities primarily through EQC Operating Trust (the Operating Trust). As of August 14, 2017, the Company’s portfolio included 20 properties and 11 million square feet.
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