Victory Capital Management Inc. Sells 789,686 Shares of Equity Commonwealth (NYSE:EQC)

Victory Capital Management Inc. cut its holdings in shares of Equity Commonwealth (NYSE:EQC) by 86.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 124,216 shares of the real estate investment trust’s stock after selling 789,686 shares during the quarter. Victory Capital Management Inc. owned 0.12% of Equity Commonwealth worth $2,472,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. GSA Capital Partners LLP bought a new position in Equity Commonwealth in the third quarter valued at approximately $2,420,000. Entropy Technologies LP boosted its position in Equity Commonwealth by 11.9% in the third quarter. Entropy Technologies LP now owns 31,904 shares of the real estate investment trust’s stock valued at $635,000 after buying an additional 3,402 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of Equity Commonwealth during the third quarter worth $529,000. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Equity Commonwealth by 1.1% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,622,655 shares of the real estate investment trust’s stock worth $32,291,000 after purchasing an additional 18,393 shares during the period. Finally, Van ECK Associates Corp lifted its holdings in shares of Equity Commonwealth by 25.6% during the third quarter. Van ECK Associates Corp now owns 3,103 shares of the real estate investment trust’s stock worth $61,000 after purchasing an additional 632 shares during the period. 96.00% of the stock is owned by institutional investors.

Equity Commonwealth Trading Up 0.1 %

EQC opened at $20.11 on Friday. Equity Commonwealth has a 1-year low of $17.93 and a 1-year high of $21.00. The company has a market cap of $2.16 billion, a P/E ratio of 51.56 and a beta of 0.27. The company has a fifty day moving average price of $19.91 and a two-hundred day moving average price of $19.75.

Analyst Ratings Changes

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

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.