Equity Commonwealth (NYSE:EQC) Shares Acquired by Verition Fund Management LLC

Verition Fund Management LLC grew its holdings in Equity Commonwealth (NYSE:EQC) by 1,142.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 214,522 shares of the real estate investment trust’s stock after acquiring an additional 197,254 shares during the quarter. Verition Fund Management LLC’s holdings in Equity Commonwealth were worth $4,269,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in EQC. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Equity Commonwealth in the second quarter worth about $27,000. Van ECK Associates Corp boosted its holdings in Equity Commonwealth by 25.6% in the third quarter. Van ECK Associates Corp now owns 3,103 shares of the real estate investment trust’s stock worth $61,000 after acquiring an additional 632 shares in the last quarter. CWM LLC lifted its holdings in shares of Equity Commonwealth by 29.3% during the third quarter. CWM LLC now owns 3,097 shares of the real estate investment trust’s stock worth $62,000 after purchasing an additional 701 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Equity Commonwealth by 35.2% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,165 shares of the real estate investment trust’s stock worth $83,000 after purchasing an additional 1,084 shares during the period. Finally, Blue Trust Inc. lifted its holdings in shares of Equity Commonwealth by 459.8% during the third quarter. Blue Trust Inc. now owns 4,551 shares of the real estate investment trust’s stock worth $88,000 after purchasing an additional 3,738 shares during the period. Institutional investors and hedge funds own 96.00% of the company’s stock.

Equity Commonwealth Stock Down 0.0 %

Equity Commonwealth stock opened at $20.17 on Wednesday. Equity Commonwealth has a 52 week low of $17.93 and a 52 week high of $21.00. The company has a market capitalization of $2.16 billion, a price-to-earnings ratio of 51.72 and a beta of 0.27. The stock has a 50-day moving average price of $19.92 and a 200 day moving average price of $19.79.

Analysts Set New Price Targets

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