Manning & Napier Advisors LLC Buys New Shares in Equity Commonwealth (NYSE:EQC)

Manning & Napier Advisors LLC bought a new stake in Equity Commonwealth (NYSE:EQC) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 178,491 shares of the real estate investment trust’s stock, valued at approximately $3,463,000. Manning & Napier Advisors LLC owned about 0.17% of Equity Commonwealth at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Equity Commonwealth in the second quarter valued at $27,000. Van ECK Associates Corp increased its stake in Equity Commonwealth by 48.5% in the fourth quarter. Van ECK Associates Corp now owns 3,085 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 1,008 shares during the last quarter. Signaturefd LLC grew its position in Equity Commonwealth by 82.6% during the fourth quarter. Signaturefd LLC now owns 4,909 shares of the real estate investment trust’s stock valued at $94,000 after acquiring an additional 2,221 shares during the period. Covestor Ltd grew its position in Equity Commonwealth by 21.4% during the first quarter. Covestor Ltd now owns 7,083 shares of the real estate investment trust’s stock valued at $134,000 after acquiring an additional 1,250 shares during the period. Finally, Graham Capital Wealth Management LLC purchased a new stake in Equity Commonwealth during the fourth quarter valued at about $195,000. 96.00% of the stock is currently owned by institutional investors and hedge funds.

Equity Commonwealth Price Performance

EQC stock traded up $0.01 during trading on Friday, reaching $20.41. 800,861 shares of the stock traded hands, compared to its average volume of 922,956. The business’s 50 day moving average price is $19.49 and its 200-day moving average price is $19.10. Equity Commonwealth has a 52-week low of $17.93 and a 52-week high of $21.00. The firm has a market capitalization of $2.19 billion, a PE ratio of 25.83 and a beta of 0.27.

Equity Commonwealth Company 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.