Edgestream Partners L.P. Takes Position in Equity Commonwealth (NYSE:EQC)

Edgestream Partners L.P. bought a new position in shares of Equity Commonwealth (NYSE:EQC) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 132,552 shares of the real estate investment trust’s stock, valued at approximately $2,638,000.

A number of other hedge funds also recently bought and sold shares of the stock. Manning & Napier Advisors LLC acquired a new stake in Equity Commonwealth during the 2nd quarter worth $3,463,000. Harbor Capital Advisors Inc. boosted its stake in shares of Equity Commonwealth by 273.4% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 65,417 shares of the real estate investment trust’s stock worth $1,269,000 after acquiring an additional 47,898 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Equity Commonwealth in the 3rd quarter worth about $626,000. Brandes Investment Partners LP lifted its stake in Equity Commonwealth by 9.2% in the 2nd quarter. Brandes Investment Partners LP now owns 670,692 shares of the real estate investment trust’s stock valued at $13,004,000 after buying an additional 56,490 shares in the last quarter. Finally, Mesirow Financial Investment Management Inc. purchased a new position in Equity Commonwealth in the 2nd quarter valued at about $1,712,000. Institutional investors and hedge funds own 96.00% of the company’s stock.

Equity Commonwealth Stock Down 0.8 %

Shares of NYSE EQC opened at $20.18 on Tuesday. Equity Commonwealth has a fifty-two week low of $17.93 and a fifty-two week high of $21.00. The firm has a market cap of $2.17 billion, a PE ratio of 51.74 and a beta of 0.27. The business has a 50 day moving average price of $19.92 and a two-hundred day moving average price of $19.79.

Wall Street Analysts Forecast Growth

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

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.