Martingale Asset Management L P Purchases 14,191 Shares of Equity Commonwealth (NYSE:EQC)

Martingale Asset Management L P boosted its position in Equity Commonwealth (NYSE:EQC) by 8.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 191,686 shares of the real estate investment trust’s stock after buying an additional 14,191 shares during the period. Martingale Asset Management L P’s holdings in Equity Commonwealth were worth $3,815,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in EQC. Price T Rowe Associates Inc. MD increased its position in Equity Commonwealth by 9.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 57,631 shares of the real estate investment trust’s stock valued at $1,089,000 after buying an additional 5,061 shares in the last quarter. Virtu Financial LLC bought a new stake in Equity Commonwealth in the 1st quarter valued at about $248,000. Boston Partners increased its position in Equity Commonwealth by 299.1% in the 1st quarter. Boston Partners now owns 725,020 shares of the real estate investment trust’s stock valued at $13,686,000 after buying an additional 543,344 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Equity Commonwealth in the 2nd quarter valued at about $27,000. Finally, Harbor Capital Advisors Inc. increased its position in Equity Commonwealth by 273.4% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 65,417 shares of the real estate investment trust’s stock valued at $1,269,000 after buying an additional 47,898 shares in the last quarter. 96.00% of the stock is owned by institutional investors.

Equity Commonwealth Stock Performance

Shares of EQC opened at $20.34 on Friday. The stock has a 50 day moving average price of $19.90 and a two-hundred day moving average price of $19.78. The firm has a market capitalization of $2.18 billion, a P/E ratio of 51.90 and a beta of 0.27. Equity Commonwealth has a 52 week low of $17.93 and a 52 week high of $21.00.

Analysts Set New Price Targets

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

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.