Rhumbline Advisers boosted its stake in Equity Commonwealth (NYSE:EQC) by 11.1% during the third quarter, Holdings Channel reports. The firm owned 138,581 shares of the real estate investment trust’s stock after buying an additional 13,794 shares during the period. Rhumbline Advisers owned 0.11% of Equity Commonwealth worth $4,188,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EQC. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in Equity Commonwealth by 0.5% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 20,697 shares of the real estate investment trust’s stock valued at $625,000 after buying an additional 96 shares during the period. M&T Bank Corp raised its position in Equity Commonwealth by 1.3% in the third quarter. M&T Bank Corp now owns 38,849 shares of the real estate investment trust’s stock valued at $1,174,000 after buying an additional 514 shares during the period. Hsbc Holdings PLC raised its position in Equity Commonwealth by 2.9% in the second quarter. Hsbc Holdings PLC now owns 24,507 shares of the real estate investment trust’s stock valued at $714,000 after buying an additional 696 shares during the period. Stifel Financial Corp raised its position in Equity Commonwealth by 4.1% in the second quarter. Stifel Financial Corp now owns 18,350 shares of the real estate investment trust’s stock valued at $536,000 after buying an additional 719 shares during the period. Finally, BlackRock Advisors LLC raised its position in Equity Commonwealth by 1.9% in the third quarter. BlackRock Advisors LLC now owns 69,591 shares of the real estate investment trust’s stock valued at $2,103,000 after buying an additional 1,266 shares during the period. Hedge funds and other institutional investors own 91.57% of the company’s stock.

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

Shares of Equity Commonwealth (NYSE:EQC) traded up 1.19% on Friday, reaching $30.70. 295,165 shares of the company’s stock were exchanged. The firm has a market capitalization of $3.85 billion, a P/E ratio of 16.76 and a beta of 0.27. Equity Commonwealth has a one year low of $25.23 and a one year high of $31.91. The firm has a 50 day moving average of $29.77 and a 200 day moving average of $29.91.

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A number of research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Equity Commonwealth from a “sell” rating to a “hold” rating in a research note on Tuesday, November 8th. Royal Bank Of Canada upgraded shares of Equity Commonwealth from an “underperform” rating to a “sector perform” rating and upped their price target for the company from $28.00 to $32.00 in a research note on Friday, September 30th. Finally, RBC Capital Markets upgraded shares of Equity Commonwealth from an “underperform” rating to a “sector perform” rating and upped their price target for the company from $28.00 to $32.00 in a research note on Friday, September 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. Equity Commonwealth has an average rating of “Hold” and a consensus target price of $32.25.

About Equity Commonwealth

Equity Commonwealth is an internally managed and self-advised real estate investment trust (REIT). The Company is engaged in the ownership and operation of office buildings throughout the United States. It operates in central business district properties and suburban properties segment. The Company’s portfolio includes approximately 60 properties (over 130 buildings) with a combined of approximately 24 million square feet.

5 Day Chart for NYSE:EQC

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