Fmr LLC Buys 80,541 Shares of Equity Commonwealth (NYSE:EQC)

Fmr LLC raised its stake in Equity Commonwealth (NYSE:EQC) by 75.5% in the third quarter, Holdings Channel reports. The fund owned 187,174 shares of the real estate investment trust’s stock after purchasing an additional 80,541 shares during the quarter. Fmr LLC’s holdings in Equity Commonwealth were worth $3,725,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Daiwa Securities Group Inc. raised its holdings in Equity Commonwealth by 6.0% in the 3rd quarter. Daiwa Securities Group Inc. now owns 35,105 shares of the real estate investment trust’s stock valued at $699,000 after buying an additional 1,996 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Equity Commonwealth by 4.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,491,407 shares of the real estate investment trust’s stock valued at $29,679,000 after buying an additional 64,180 shares during the last quarter. Landscape Capital Management L.L.C. bought a new position in Equity Commonwealth in the 3rd quarter valued at approximately $230,000. Intech Investment Management LLC bought a new position in Equity Commonwealth in the 3rd quarter valued at approximately $556,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in Equity Commonwealth in the 3rd quarter valued at approximately $626,000. Institutional investors own 96.00% of the company’s stock.

Equity Commonwealth Stock Up 1.5 %

NYSE:EQC opened at $1.69 on Friday. The company has a fifty day moving average of $18.15 and a 200-day moving average of $19.19. The firm has a market capitalization of $180.86 million, a P/E ratio of 4.32 and a beta of 0.27. Equity Commonwealth has a twelve month low of $1.40 and a twelve month high of $21.00.

Analyst Upgrades and Downgrades

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