Nuance Investments LLC Sells 287,951 Shares of Equity Commonwealth (NYSE:EQC)

Nuance Investments LLC reduced its stake in shares of Equity Commonwealth (NYSE:EQC) by 20.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,132,104 shares of the real estate investment trust’s stock after selling 287,951 shares during the quarter. Nuance Investments LLC’s holdings in Equity Commonwealth were worth $22,529,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of EQC. Thurston Springer Miller Herd & Titak Inc. bought a new position in Equity Commonwealth during the 2nd quarter worth approximately $27,000. Van ECK Associates Corp grew its holdings in shares of Equity Commonwealth by 25.6% in the third quarter. Van ECK Associates Corp now owns 3,103 shares of the real estate investment trust’s stock worth $61,000 after purchasing an additional 632 shares during the last quarter. CWM LLC increased its stake in shares of Equity Commonwealth by 29.3% in the third quarter. CWM LLC now owns 3,097 shares of the real estate investment trust’s stock worth $62,000 after buying an additional 701 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Equity Commonwealth by 35.2% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,165 shares of the real estate investment trust’s stock worth $83,000 after buying an additional 1,084 shares during the period. Finally, Blue Trust Inc. raised its holdings in Equity Commonwealth by 459.8% during the 3rd quarter. Blue Trust Inc. now owns 4,551 shares of the real estate investment trust’s stock valued at $88,000 after buying an additional 3,738 shares during the last quarter. Hedge funds and other institutional investors own 96.00% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Equity Commonwealth from a “hold” rating to a “sell” rating in a research report on Friday, October 25th.

Equity Commonwealth Price Performance

EQC opened at $20.10 on Wednesday. Equity Commonwealth has a one year low of $17.93 and a one year high of $21.00. The business has a 50 day simple moving average of $19.92 and a two-hundred day simple moving average of $19.73. The firm has a market capitalization of $2.16 billion, a price-to-earnings ratio of 51.54 and a beta of 0.27.

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. EQC's portfolio is comprised of four properties totaling 1.5 million square feet.