Russell Investments Group Ltd. boosted its holdings in shares of Equity Commonwealth (NYSE:EQC – Free Report) by 26.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,280,106 shares of the real estate investment trust’s stock after purchasing an additional 268,615 shares during the period. Russell Investments Group Ltd. owned approximately 1.17% of Equity Commonwealth worth $25,935,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in EQC. Citigroup Inc. lifted its position in shares of Equity Commonwealth by 15.4% during the 2nd quarter. Citigroup Inc. now owns 55,921 shares of the real estate investment trust’s stock valued at $1,133,000 after acquiring an additional 7,444 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Equity Commonwealth by 1.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,527,389 shares of the real estate investment trust’s stock valued at $30,945,000 after purchasing an additional 15,844 shares during the last quarter. Baker Ellis Asset Management LLC boosted its position in shares of Equity Commonwealth by 28.1% in the 2nd quarter. Baker Ellis Asset Management LLC now owns 28,950 shares of the real estate investment trust’s stock valued at $587,000 after purchasing an additional 6,350 shares during the period. AGF Management Ltd. increased its stake in Equity Commonwealth by 3.1% in the 2nd quarter. AGF Management Ltd. now owns 167,391 shares of the real estate investment trust’s stock worth $3,391,000 after purchasing an additional 5,067 shares in the last quarter. Finally, Swiss National Bank raised its holdings in Equity Commonwealth by 2.5% during the 2nd quarter. Swiss National Bank now owns 242,200 shares of the real estate investment trust’s stock worth $4,907,000 after buying an additional 6,000 shares during the period. 95.20% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Separately, StockNews.com began coverage on shares of Equity Commonwealth in a research report on Thursday, October 5th. They issued a “hold” rating on the stock.
Equity Commonwealth Stock Performance
NYSE EQC opened at $19.00 on Tuesday. The firm’s 50 day moving average price is $18.73 and its two-hundred day moving average price is $19.62. The stock has a market cap of $2.03 billion, a price-to-earnings ratio of 27.14, a PEG ratio of 1.84 and a beta of 0.30. Equity Commonwealth has a twelve month low of $18.09 and a twelve month high of $27.39.
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. EQC's portfolio is comprised of four properties totaling 1.5 million square feet.
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