Rhumbline Advisers Has $4.43 Million Holdings in Equity Commonwealth (NYSE:EQC)

Rhumbline Advisers lessened its stake in Equity Commonwealth (NYSE:EQC) by 0.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 168,939 shares of the real estate investment trust’s stock after selling 1,153 shares during the quarter. Rhumbline Advisers owned about 0.14% of Equity Commonwealth worth $4,426,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Los Angeles Capital Management LLC acquired a new stake in Equity Commonwealth in the 2nd quarter valued at about $303,000. Teacher Retirement System of Texas increased its position in Equity Commonwealth by 17.4% in the 2nd quarter. Teacher Retirement System of Texas now owns 16,016 shares of the real estate investment trust’s stock valued at $420,000 after acquiring an additional 2,379 shares in the last quarter. Redpoint Investment Management Pty Ltd increased its position in Equity Commonwealth by 15.3% in the 2nd quarter. Redpoint Investment Management Pty Ltd now owns 11,432 shares of the real estate investment trust’s stock valued at $300,000 after acquiring an additional 1,519 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in Equity Commonwealth in the 2nd quarter valued at about $201,000. Finally, Envestnet Asset Management Inc. increased its position in Equity Commonwealth by 22.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 97,847 shares of the real estate investment trust’s stock valued at $2,564,000 after acquiring an additional 18,257 shares in the last quarter. Hedge funds and other institutional investors own 97.13% of the company’s stock.

Shares of NYSE:EQC opened at $25.61 on Friday. Equity Commonwealth has a one year low of $25.60 and a one year high of $30.83. The company has a 50 day moving average of $26.38 and a 200-day moving average of $27.35. The stock has a market cap of $3.12 billion, a price-to-earnings ratio of -150.64 and a beta of 0.18.

Separately, Zacks Investment Research upgraded shares of Equity Commonwealth from a “strong sell” rating to a “hold” rating in a research report on Monday.

About Equity Commonwealth

Equity Commonwealth operates as an internally managed and self-advised real estate investment trust. It engages in the ownership and operation of office properties. The company was founded by Barry M. Portnoy on October 9, 1986 and is headquartered in Chicago, IL.

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

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