Creative Planning Grows Position in Equity Commonwealth (NYSE:EQC)

Creative Planning raised its holdings in Equity Commonwealth (NYSE:EQC) by 2.9% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 19,400 shares of the real estate investment trust’s stock after acquiring an additional 551 shares during the quarter. Creative Planning’s holdings in Equity Commonwealth were worth $386,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Equity Commonwealth by 1.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 49,845 shares of the real estate investment trust’s stock valued at $991,000 after purchasing an additional 569 shares during the last quarter. BNP Paribas Financial Markets increased its position in shares of Equity Commonwealth by 103.1% during the 1st quarter. BNP Paribas Financial Markets now owns 66,068 shares of the real estate investment trust’s stock valued at $1,247,000 after purchasing an additional 33,542 shares during the last quarter. Daiwa Securities Group Inc. increased its position in shares of Equity Commonwealth by 7.6% during the 1st quarter. Daiwa Securities Group Inc. now owns 33,935 shares of the real estate investment trust’s stock valued at $641,000 after purchasing an additional 2,408 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its position in shares of Equity Commonwealth by 0.9% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 66,508 shares of the real estate investment trust’s stock valued at $1,256,000 after purchasing an additional 586 shares during the last quarter. Finally, Empowered Funds LLC bought a new position in shares of Equity Commonwealth during the 1st quarter valued at about $2,162,000. Hedge funds and other institutional investors own 96.00% of the company’s stock.

Equity Commonwealth Price Performance

EQC opened at $20.08 on Friday. The stock’s 50 day simple moving average is $19.96 and its 200 day simple moving average is $19.64. Equity Commonwealth has a 1 year low of $17.93 and a 1 year high of $21.00. The firm has a market cap of $2.15 billion, a price-to-earnings ratio of 51.47 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 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.