Covestor Ltd Increases Holdings in Equity Commonwealth (NYSE:EQC)

Covestor Ltd raised its stake in Equity Commonwealth (NYSE:EQC) by 21.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,083 shares of the real estate investment trust’s stock after purchasing an additional 1,250 shares during the quarter. Covestor Ltd’s holdings in Equity Commonwealth were worth $134,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Vaughan Nelson Investment Management L.P. raised its stake in shares of Equity Commonwealth by 3.4% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 1,616,720 shares of the real estate investment trust’s stock valued at $31,041,000 after purchasing an additional 53,760 shares during the period. Nebula Research & Development LLC grew its stake in Equity Commonwealth by 146.4% during the 4th quarter. Nebula Research & Development LLC now owns 67,259 shares of the real estate investment trust’s stock valued at $1,291,000 after purchasing an additional 39,962 shares in the last quarter. Empowered Funds LLC purchased a new stake in Equity Commonwealth during the 1st quarter worth approximately $2,162,000. Allspring Global Investments Holdings LLC raised its position in shares of Equity Commonwealth by 435.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 90,714 shares of the real estate investment trust’s stock valued at $1,742,000 after purchasing an additional 73,766 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in shares of Equity Commonwealth by 103.1% during the 1st quarter. BNP Paribas Financial Markets now owns 66,068 shares of the real estate investment trust’s stock valued at $1,247,000 after buying an additional 33,542 shares during the last quarter. Institutional investors and hedge funds own 96.00% of the company’s stock.

Equity Commonwealth Price Performance

Shares of NYSE:EQC traded up $0.11 during midday trading on Wednesday, reaching $19.62. The company had a trading volume of 205,625 shares, compared to its average volume of 875,539. The stock has a market capitalization of $2.11 billion, a P/E ratio of 24.70 and a beta of 0.28. The stock’s fifty day moving average price is $19.31 and its 200-day moving average price is $19.05. Equity Commonwealth has a one year low of $17.93 and a one year high of $21.00.

Equity Commonwealth 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.