Victory Capital Management Inc. Sells 113,325 Shares of Equity Commonwealth (NYSE:EQC)

Victory Capital Management Inc. lessened its position in shares of Equity Commonwealth (NYSE:EQC) by 4.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,279,269 shares of the real estate investment trust’s stock after selling 113,325 shares during the period. Victory Capital Management Inc. owned 1.87% of Equity Commonwealth worth $74,122,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. M&T Bank Corp raised its stake in Equity Commonwealth by 3.0% during the second quarter. M&T Bank Corp now owns 10,233 shares of the real estate investment trust’s stock worth $333,000 after buying an additional 297 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in Equity Commonwealth by 6.9% during the second quarter. Commonwealth Equity Services LLC now owns 7,056 shares of the real estate investment trust’s stock worth $229,000 after buying an additional 456 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Equity Commonwealth by 29.0% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,433 shares of the real estate investment trust’s stock worth $112,000 after buying an additional 772 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in Equity Commonwealth by 2.9% during the second quarter. Daiwa Securities Group Inc. now owns 31,975 shares of the real estate investment trust’s stock worth $1,040,000 after buying an additional 900 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in Equity Commonwealth by 3.9% during the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 23,924 shares of the real estate investment trust’s stock worth $778,000 after buying an additional 908 shares during the last quarter. 96.68% of the stock is owned by institutional investors and hedge funds.

NYSE:EQC traded up $0.07 during trading hours on Tuesday, reaching $33.60. The company had a trading volume of 23,865 shares, compared to its average volume of 463,618. The company has a quick ratio of 86.78, a current ratio of 86.78 and a debt-to-equity ratio of 0.01. The firm has a market cap of $4.07 billion, a price-to-earnings ratio of 48.69 and a beta of 0.25. The business’s 50-day simple moving average is $33.78 and its two-hundred day simple moving average is $32.98. Equity Commonwealth has a twelve month low of $28.48 and a twelve month high of $34.53.



A number of research firms have commented on EQC. Zacks Investment Research upgraded shares of Equity Commonwealth from a “hold” rating to a “strong-buy” rating and set a $37.00 price target for the company in a report on Tuesday, July 23rd. JMP Securities cut shares of Equity Commonwealth from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 14th.

About Equity Commonwealth

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. As of December 31, 2018, EQC's portfolio comprised 10 properties and 5.1 million square feet.

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Institutional Ownership by Quarter for Equity Commonwealth (NYSE:EQC)

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