Equity Commonwealth (EQC) Shares Sold by Resolution Capital Ltd

Resolution Capital Ltd trimmed its position in Equity Commonwealth (NYSE:EQC) by 25.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,524,574 shares of the real estate investment trust’s stock after selling 531,684 shares during the period. Equity Commonwealth makes up about 2.1% of Resolution Capital Ltd’s portfolio, making the stock its 19th largest holding. Resolution Capital Ltd’s holdings in Equity Commonwealth were worth $46,515,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in EQC. Nuance Investments LLC acquired a new stake in shares of Equity Commonwealth during the 3rd quarter valued at $44,207,000. Mangrove Partners lifted its position in shares of Equity Commonwealth by 94.8% during the 3rd quarter. Mangrove Partners now owns 1,896,125 shares of the real estate investment trust’s stock valued at $57,642,000 after acquiring an additional 922,855 shares during the last quarter. Janus Henderson Group PLC lifted its position in shares of Equity Commonwealth by 7.4% during the 3rd quarter. Janus Henderson Group PLC now owns 6,633,520 shares of the real estate investment trust’s stock valued at $201,659,000 after acquiring an additional 459,182 shares during the last quarter. Artisan Partners Limited Partnership lifted its position in shares of Equity Commonwealth by 12.9% during the 3rd quarter. Artisan Partners Limited Partnership now owns 3,780,921 shares of the real estate investment trust’s stock valued at $114,940,000 after acquiring an additional 431,472 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC lifted its position in shares of Equity Commonwealth by 28.1% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 1,600,894 shares of the real estate investment trust’s stock valued at $48,667,000 after acquiring an additional 350,939 shares during the last quarter. Institutional investors own 95.26% of the company’s stock.

A number of brokerages have recently commented on EQC. Stifel Nicolaus reiterated a “hold” rating and set a $31.00 price objective on shares of Equity Commonwealth in a research report on Thursday, October 26th. Zacks Investment Research downgraded Equity Commonwealth from a “hold” rating to a “sell” rating in a research report on Thursday, October 19th.

Shares of Equity Commonwealth (NYSE:EQC) opened at $29.37 on Monday. Equity Commonwealth has a 52-week low of $29.19 and a 52-week high of $32.51. The company has a market capitalization of $3,644.51, a price-to-earnings ratio of 30.28 and a beta of 0.03. The company has a debt-to-equity ratio of 0.27, a quick ratio of 41.39 and a current ratio of 41.39.

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About Equity Commonwealth

Equity Commonwealth is an internally managed and self-advised real estate investment trust. The Company is engaged in the ownership and operation primarily of office buildings across the United States. The Company conducts its activities primarily through EQC Operating Trust (the Operating Trust). As of August 14, 2017, the Company’s portfolio included 20 properties and 11 million square feet.

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

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