Fmr LLC Has $3.73 Million Stock Position in Equity Commonwealth (NYSE:EQC)

Fmr LLC increased its position in shares of Equity Commonwealth (NYSE:EQC) by 75.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 187,174 shares of the real estate investment trust’s stock after purchasing an additional 80,541 shares during the quarter. Fmr LLC owned approximately 0.17% of Equity Commonwealth worth $3,725,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in EQC. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Equity Commonwealth during the 2nd quarter worth approximately $7,760,000. Whitebox Advisors LLC lifted its stake in Equity Commonwealth by 58.7% in the second quarter. Whitebox Advisors LLC now owns 1,059,000 shares of the real estate investment trust’s stock valued at $20,545,000 after buying an additional 391,793 shares in the last quarter. Lee Danner & Bass Inc. bought a new position in Equity Commonwealth in the second quarter valued at approximately $6,470,000. Victory Capital Management Inc. lifted its stake in Equity Commonwealth by 31.4% in the second quarter. Victory Capital Management Inc. now owns 913,902 shares of the real estate investment trust’s stock valued at $17,730,000 after buying an additional 218,204 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new position in Equity Commonwealth in the third quarter valued at approximately $2,420,000. Institutional investors and hedge funds own 96.00% of the company’s stock.

Equity Commonwealth Trading Up 1.5 %

NYSE EQC opened at $1.69 on Friday. The firm’s fifty day moving average price is $18.15 and its two-hundred day moving average price is $19.19. Equity Commonwealth has a 1 year low of $1.40 and a 1 year high of $21.00. The firm has a market capitalization of $180.86 million, a P/E ratio of 4.32 and a beta of 0.27.

Wall Street Analyst Weigh In

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

Equity Commonwealth Company 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.