Van ECK Associates Corp Buys 632 Shares of Equity Commonwealth (NYSE:EQC)

Van ECK Associates Corp grew its stake in Equity Commonwealth (NYSE:EQC) by 25.6% in the 3rd quarter, Holdings Channel reports. The firm owned 3,103 shares of the real estate investment trust’s stock after purchasing an additional 632 shares during the period. Van ECK Associates Corp’s holdings in Equity Commonwealth were worth $61,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in EQC. Thurston Springer Miller Herd & Titak Inc. bought a new position in Equity Commonwealth in the 2nd quarter worth $27,000. CWM LLC raised its holdings in Equity Commonwealth by 29.3% in the 3rd quarter. CWM LLC now owns 3,097 shares of the real estate investment trust’s stock worth $62,000 after purchasing an additional 701 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Equity Commonwealth by 35.2% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,165 shares of the real estate investment trust’s stock worth $83,000 after purchasing an additional 1,084 shares in the last quarter. Blue Trust Inc. raised its holdings in Equity Commonwealth by 459.8% in the 3rd quarter. Blue Trust Inc. now owns 4,551 shares of the real estate investment trust’s stock worth $88,000 after purchasing an additional 3,738 shares in the last quarter. Finally, Quarry LP raised its holdings in Equity Commonwealth by 629.6% in the 2nd quarter. Quarry LP now owns 5,932 shares of the real estate investment trust’s stock worth $115,000 after purchasing an additional 5,119 shares in the last quarter. 96.00% of the stock is currently owned by institutional investors.

Equity Commonwealth Price Performance

Shares of Equity Commonwealth stock opened at $19.96 on Thursday. The company has a 50-day moving average of $19.94 and a 200 day moving average of $19.69. The firm has a market cap of $2.14 billion, a price-to-earnings ratio of 51.18 and a beta of 0.27. Equity Commonwealth has a 1 year low of $17.93 and a 1 year high of $21.00.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Equity Commonwealth from a “hold” rating to a “sell” rating in a report 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.