Victory Capital Management Inc. Has $2.47 Million Holdings in Equity Commonwealth (NYSE:EQC)

Victory Capital Management Inc. lessened its holdings in Equity Commonwealth (NYSE:EQC) by 86.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 124,216 shares of the real estate investment trust’s stock after selling 789,686 shares during the period. Victory Capital Management Inc.’s holdings in Equity Commonwealth were worth $2,472,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Equity Commonwealth in the 2nd quarter valued at about $27,000. CWM LLC boosted 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 buying an additional 701 shares during the period. Van ECK Associates Corp boosted its holdings in Equity Commonwealth by 25.6% in the 3rd quarter. Van ECK Associates Corp now owns 3,103 shares of the real estate investment trust’s stock worth $61,000 after buying an additional 632 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted 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 buying an additional 1,084 shares during the period. Finally, Blue Trust Inc. lifted its stake 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. Hedge funds and other institutional investors own 96.00% of the company’s stock.

Equity Commonwealth Stock Performance

Equity Commonwealth stock opened at $20.11 on Friday. The firm’s fifty day moving average price is $19.91 and its 200-day moving average price is $19.75. The stock has a market cap of $2.16 billion, a P/E ratio of 51.56 and a beta of 0.27. Equity Commonwealth has a fifty-two week low of $17.93 and a fifty-two week high of $21.00.

Analyst Ratings Changes

Separately, StockNews.com cut shares of 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.