Intech Investment Management LLC Invests $556,000 in Equity Commonwealth (NYSE:EQC)

Intech Investment Management LLC acquired a new stake in shares of Equity Commonwealth (NYSE:EQC) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 27,924 shares of the real estate investment trust’s stock, valued at approximately $556,000.

Other large investors have also modified their holdings of the company. Manning & Napier Advisors LLC acquired a new stake in Equity Commonwealth during the second quarter worth $3,463,000. Harbor Capital Advisors Inc. boosted its position in shares of Equity Commonwealth by 273.4% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 65,417 shares of the real estate investment trust’s stock valued at $1,269,000 after acquiring an additional 47,898 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Equity Commonwealth during the 3rd quarter valued at about $626,000. Brandes Investment Partners LP increased its stake in Equity Commonwealth by 9.2% in 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 acquiring an additional 56,490 shares during the period. Finally, Mesirow Financial Investment Management Inc. bought a new position in Equity Commonwealth during the second quarter worth about $1,712,000. 96.00% of the stock is currently owned by institutional investors and hedge funds.

Equity Commonwealth Price Performance

Shares of EQC stock opened at $20.34 on Monday. The stock’s fifty day simple moving average is $19.92 and its 200 day simple moving average is $19.79. Equity Commonwealth has a one year low of $17.93 and a one year high of $21.00. The firm has a market cap of $2.18 billion, a price-to-earnings ratio of 52.15 and a beta of 0.27.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered 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.