Point72 Hong Kong Ltd Grows Position in Equity Commonwealth (NYSE:EQC)

Point72 Hong Kong Ltd grew its stake in shares of Equity Commonwealth (NYSE:EQC) by 6,117.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,721 shares of the real estate investment trust’s stock after purchasing an additional 17,436 shares during the period. Point72 Hong Kong Ltd’s holdings in Equity Commonwealth were worth $353,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its position in Equity Commonwealth by 9.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 57,631 shares of the real estate investment trust’s stock worth $1,089,000 after buying an additional 5,061 shares during the period. Virtu Financial LLC acquired a new stake in shares of Equity Commonwealth in the 1st quarter worth approximately $248,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Equity Commonwealth in the 2nd quarter valued at approximately $27,000. Harbor Capital Advisors Inc. raised its holdings in Equity Commonwealth by 273.4% during the second quarter. Harbor Capital Advisors Inc. now owns 65,417 shares of the real estate investment trust’s stock worth $1,269,000 after purchasing an additional 47,898 shares during the last quarter. Finally, First Affirmative Financial Network boosted its position in Equity Commonwealth by 7.3% during the second quarter. First Affirmative Financial Network now owns 11,770 shares of the real estate investment trust’s stock worth $228,000 after purchasing an additional 798 shares in the last quarter. 96.00% of the stock is owned by institutional investors and hedge funds.

Equity Commonwealth Trading Down 0.8 %

Shares of EQC opened at $20.18 on Tuesday. The company has a 50-day moving average of $19.92 and a two-hundred day moving average of $19.79. The stock has a market cap of $2.17 billion, a P/E ratio of 51.74 and a beta of 0.27. Equity Commonwealth has a 12-month low of $17.93 and a 12-month high of $21.00.

Analysts Set New Price Targets

Separately, StockNews.com downgraded 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.