Keating Investment Counselors Inc. Cuts Holdings in Equity Commonwealth (NYSE:EQC)

Keating Investment Counselors Inc. reduced its stake in shares of Equity Commonwealth (NYSE:EQC) by 10.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 436,712 shares of the real estate investment trust’s stock after selling 51,770 shares during the quarter. Equity Commonwealth comprises about 2.7% of Keating Investment Counselors Inc.’s investment portfolio, making the stock its 8th largest holding. Keating Investment Counselors Inc.’s holdings in Equity Commonwealth were worth $8,472,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in Equity Commonwealth by 0.4% during the first quarter. Vanguard Group Inc. now owns 16,255,061 shares of the real estate investment trust’s stock worth $306,896,000 after acquiring an additional 60,382 shares during the period. Nuance Investments LLC grew its holdings in Equity Commonwealth by 3.8% during the fourth quarter. Nuance Investments LLC now owns 5,187,584 shares of the real estate investment trust’s stock worth $99,602,000 after acquiring an additional 188,138 shares during the period. Burgundy Asset Management Ltd. grew its holdings in Equity Commonwealth by 27.5% during the first quarter. Burgundy Asset Management Ltd. now owns 3,658,928 shares of the real estate investment trust’s stock worth $69,081,000 after acquiring an additional 789,496 shares during the period. Brown Advisory Inc. grew its holdings in Equity Commonwealth by 2.9% during the fourth quarter. Brown Advisory Inc. now owns 1,885,512 shares of the real estate investment trust’s stock worth $36,202,000 after acquiring an additional 52,964 shares during the period. Finally, Jacobs Levy Equity Management Inc. grew its holdings in Equity Commonwealth by 0.5% during the first quarter. Jacobs Levy Equity Management Inc. now owns 1,718,940 shares of the real estate investment trust’s stock worth $32,454,000 after acquiring an additional 7,837 shares during the period. 96.00% of the stock is currently owned by institutional investors.

Equity Commonwealth Stock Up 0.2 %

NYSE:EQC opened at $20.25 on Friday. The business’s 50-day moving average price is $19.87 and its 200 day moving average price is $19.28. The firm has a market cap of $2.17 billion, a P/E ratio of 25.63 and a beta of 0.28. Equity Commonwealth has a 52-week low of $17.93 and a 52-week high of $21.00.

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.