Point72 Hong Kong Ltd Boosts Stock Position in Equity Commonwealth (NYSE:EQC)

Point72 Hong Kong Ltd raised its position in Equity Commonwealth (NYSE:EQC) by 6,117.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,721 shares of the real estate investment trust’s stock after purchasing an additional 17,436 shares during the period. Point72 Hong Kong Ltd’s holdings in Equity Commonwealth were worth $353,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its stake in shares of Equity Commonwealth by 9.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 57,631 shares of the real estate investment trust’s stock valued at $1,089,000 after buying an additional 5,061 shares during the period. Virtu Financial LLC acquired a new position in Equity Commonwealth in the 1st quarter valued at $248,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Equity Commonwealth during the 2nd quarter worth $27,000. Harbor Capital Advisors Inc. boosted its holdings in shares of Equity Commonwealth by 273.4% during the second quarter. Harbor Capital Advisors Inc. now owns 65,417 shares of the real estate investment trust’s stock worth $1,269,000 after purchasing an additional 47,898 shares during the last quarter. Finally, First Affirmative Financial Network grew its position in shares of Equity Commonwealth by 7.3% in the second quarter. First Affirmative Financial Network now owns 11,770 shares of the real estate investment trust’s stock valued at $228,000 after purchasing an additional 798 shares during the period. 96.00% of the stock is owned by institutional investors and hedge funds.

Equity Commonwealth Stock Performance

Equity Commonwealth stock opened at $20.18 on Tuesday. Equity Commonwealth has a 1 year low of $17.93 and a 1 year high of $21.00. The firm has a 50 day moving average price of $19.92 and a 200 day moving average price of $19.79. The company has a market cap of $2.17 billion, a price-to-earnings ratio of 51.74 and a beta of 0.27.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Equity Commonwealth from a “hold” rating to a “sell” rating in a research note on Friday, October 25th.

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.