Equity Commonwealth (NYSE:EQC) Holdings Boosted by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC boosted its holdings in Equity Commonwealth (NYSE:EQC) by 172.9% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 48,785 shares of the real estate investment trust’s stock after acquiring an additional 30,910 shares during the period. Nisa Investment Advisors LLC’s holdings in Equity Commonwealth were worth $1,586,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Berman Capital Advisors LLC lifted its holdings in Equity Commonwealth by 92.0% in the first quarter. Berman Capital Advisors LLC now owns 862 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 413 shares during the last quarter. Quadrant Capital Group LLC raised its holdings in shares of Equity Commonwealth by 3,222.6% during the first quarter. Quadrant Capital Group LLC now owns 2,060 shares of the real estate investment trust’s stock valued at $65,000 after buying an additional 1,998 shares during the last quarter. Squar Milner Financial Services LLC raised its holdings in shares of Equity Commonwealth by 25.9% during the first quarter. Squar Milner Financial Services LLC now owns 1,995 shares of the real estate investment trust’s stock valued at $65,000 after buying an additional 410 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Equity Commonwealth by 29.0% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,433 shares of the real estate investment trust’s stock valued at $112,000 after buying an additional 772 shares during the last quarter. Finally, Pearl River Capital LLC bought a new stake in shares of Equity Commonwealth during the first quarter valued at approximately $138,000. 96.68% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have recently weighed in on EQC. TheStreet raised Equity Commonwealth from a “c+” rating to a “b” rating in a report on Tuesday, April 30th. Zacks Investment Research raised Equity Commonwealth from a “hold” rating to a “strong-buy” rating and set a $37.00 price target on the stock in a report on Tuesday, July 23rd.

Shares of EQC traded up $0.04 during mid-day trading on Friday, reaching $33.99. 311,530 shares of the company’s stock traded hands, compared to its average volume of 360,377. The firm’s 50-day simple moving average is $33.15. The company has a market cap of $4.09 billion, a PE ratio of 49.26 and a beta of 0.25. The company has a quick ratio of 73.38, a current ratio of 73.38 and a debt-to-equity ratio of 0.08. Equity Commonwealth has a 12 month low of $28.48 and a 12 month high of $34.19.

In other news, CFO Adam Scott Markman sold 12,500 shares of Equity Commonwealth stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $31.96, for a total transaction of $399,500.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.60% of the company’s stock.

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. As of December 31, 2018, EQC's portfolio comprised 10 properties and 5.1 million square feet.

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Institutional Ownership by Quarter for Equity Commonwealth (NYSE:EQC)

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