Charles Schwab Investment Management Inc. Acquires 64,180 Shares of Equity Commonwealth (NYSE:EQC)

Charles Schwab Investment Management Inc. boosted its holdings in Equity Commonwealth (NYSE:EQC) by 4.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,491,407 shares of the real estate investment trust’s stock after purchasing an additional 64,180 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Equity Commonwealth were worth $29,679,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the business. Landscape Capital Management L.L.C. bought a new position in Equity Commonwealth in the 3rd quarter worth approximately $230,000. Intech Investment Management LLC bought a new position in Equity Commonwealth in the 3rd quarter worth approximately $556,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in Equity Commonwealth in the 3rd quarter worth approximately $626,000. Quest Partners LLC increased its position in Equity Commonwealth by 134.4% in the 3rd quarter. Quest Partners LLC now owns 70,136 shares of the real estate investment trust’s stock worth $1,396,000 after buying an additional 40,216 shares during the period. Finally, Empowered Funds LLC increased its position in Equity Commonwealth by 3.0% in the 3rd quarter. Empowered Funds LLC now owns 144,726 shares of the real estate investment trust’s stock worth $2,880,000 after buying an additional 4,185 shares during the period. 96.00% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Equity Commonwealth Trading Down 0.1 %

EQC opened at $20.15 on Thursday. The stock’s 50 day simple moving average is $19.93 and its 200-day simple moving average is $19.80. Equity Commonwealth has a 1 year low of $17.93 and a 1 year high of $21.00. The stock has a market cap of $2.16 billion, a PE ratio of 51.72 and a beta of 0.27.

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.