Cramer Rosenthal Mcglynn LLC Sells 68,335 Shares of Equity Commonwealth (NYSE:EQC)

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Cramer Rosenthal Mcglynn LLC lessened its holdings in shares of Equity Commonwealth (NYSE:EQC) by 5.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,294,857 shares of the real estate investment trust’s stock after selling 68,335 shares during the quarter. Equity Commonwealth comprises approximately 1.2% of Cramer Rosenthal Mcglynn LLC’s portfolio, making the stock its 28th biggest holding. Cramer Rosenthal Mcglynn LLC owned 1.06% of Equity Commonwealth worth $42,109,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of EQC. Boston Partners boosted its position in Equity Commonwealth by 53.1% during the first quarter. Boston Partners now owns 94,836 shares of the real estate investment trust’s stock worth $3,100,000 after purchasing an additional 32,896 shares during the period. California Public Employees Retirement System boosted its position in shares of Equity Commonwealth by 5.8% in the first quarter. California Public Employees Retirement System now owns 343,732 shares of the real estate investment trust’s stock valued at $11,237,000 after acquiring an additional 18,909 shares during the period. Raymond James & Associates boosted its position in shares of Equity Commonwealth by 123.8% in the first quarter. Raymond James & Associates now owns 52,049 shares of the real estate investment trust’s stock valued at $1,701,000 after acquiring an additional 28,791 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Equity Commonwealth by 119.3% in the first quarter. JPMorgan Chase & Co. now owns 1,148,154 shares of the real estate investment trust’s stock valued at $37,533,000 after acquiring an additional 624,575 shares during the period. Finally, Laurion Capital Management LP bought a new position in shares of Equity Commonwealth in the first quarter valued at approximately $455,000. Hedge funds and other institutional investors own 96.72% of the company’s stock.

A number of equities analysts have recently commented on the stock. JMP Securities lowered shares of Equity Commonwealth from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 14th. Zacks Investment Research upgraded shares of Equity Commonwealth from a “hold” rating to a “strong-buy” rating and set a $37.00 price objective for the company in a research report on Tuesday, July 23rd.

EQC traded up $0.07 on Friday, reaching $33.89. The company had a trading volume of 1,486 shares, compared to its average volume of 426,210. The business has a 50 day simple moving average of $33.77 and a 200 day simple moving average of $32.93. The company has a market cap of $4.13 billion, a price-to-earnings ratio of 49.13 and a beta of 0.25. The company has a debt-to-equity ratio of 0.01, a quick ratio of 86.78 and a current ratio of 86.78. Equity Commonwealth has a 52-week low of $28.48 and a 52-week high of $34.53.

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. 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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