Blue Trust Inc. Boosts Stock Position in Equity Commonwealth (NYSE:EQC)

Blue Trust Inc. lifted its stake in shares of Equity Commonwealth (NYSE:EQC) by 459.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,551 shares of the real estate investment trust’s stock after purchasing an additional 3,738 shares during the quarter. Blue Trust Inc.’s holdings in Equity Commonwealth were worth $88,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Equity Commonwealth by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 16,255,061 shares of the real estate investment trust’s stock valued at $306,896,000 after buying an additional 60,382 shares in the last quarter. Burgundy Asset Management Ltd. lifted its stake in Equity Commonwealth by 1.4% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 3,709,792 shares of the real estate investment trust’s stock worth $71,970,000 after purchasing an additional 50,864 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in Equity Commonwealth by 0.5% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,718,940 shares of the real estate investment trust’s stock valued at $32,454,000 after purchasing an additional 7,837 shares during the period. Russell Investments Group Ltd. grew its position in shares of Equity Commonwealth by 15.6% during the 1st quarter. Russell Investments Group Ltd. now owns 1,284,915 shares of the real estate investment trust’s stock valued at $24,259,000 after purchasing an additional 173,413 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. increased its holdings in shares of Equity Commonwealth by 4.2% in the second quarter. D. E. Shaw & Co. Inc. now owns 1,161,788 shares of the real estate investment trust’s stock worth $22,539,000 after purchasing an additional 46,314 shares during the period. Hedge funds and other institutional investors own 96.00% of the company’s stock.

Equity Commonwealth Trading Up 0.4 %

Shares of NYSE EQC opened at $19.88 on Wednesday. The business has a 50-day moving average of $20.00 and a 200-day moving average of $19.59. The firm has a market capitalization of $2.13 billion, a price-to-earnings ratio of 50.97 and a beta of 0.27. Equity Commonwealth has a 12 month low of $17.93 and a 12 month high of $21.00.

Analysts Set New Price Targets

Separately, StockNews.com lowered Equity Commonwealth from a “hold” rating to a “sell” rating in a research note 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.