Lee Danner & Bass Inc. Buys Shares of 333,500 Equity Commonwealth (NYSE:EQC)

Lee Danner & Bass Inc. bought a new stake in shares of Equity Commonwealth (NYSE:EQC) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 333,500 shares of the real estate investment trust’s stock, valued at approximately $6,470,000. Lee Danner & Bass Inc. owned 0.31% of Equity Commonwealth as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank purchased a new stake in Equity Commonwealth in the 4th quarter worth approximately $16,834,000. Burgundy Asset Management Ltd. increased its holdings in Equity Commonwealth by 27.5% in the 1st quarter. Burgundy Asset Management Ltd. now owns 3,658,928 shares of the real estate investment trust’s stock worth $69,081,000 after acquiring an additional 789,496 shares in the last quarter. Whitebox Advisors LLC purchased a new stake in Equity Commonwealth during the 1st quarter valued at approximately $12,597,000. Boston Partners grew its holdings in Equity Commonwealth by 299.1% during the 1st quarter. Boston Partners now owns 725,020 shares of the real estate investment trust’s stock valued at $13,686,000 after buying an additional 543,344 shares in the last quarter. Finally, Jupiter Asset Management Ltd. grew its holdings in Equity Commonwealth by 208.2% during the 1st quarter. Jupiter Asset Management Ltd. now owns 786,433 shares of the real estate investment trust’s stock valued at $14,848,000 after buying an additional 531,224 shares in the last quarter. Institutional investors own 96.00% of the company’s stock.

Equity Commonwealth Stock Performance

EQC traded up $0.02 during trading on Friday, reaching $20.27. 780,723 shares of the company traded hands, compared to its average volume of 914,978. Equity Commonwealth has a 12-month low of $17.93 and a 12-month high of $21.00. The firm has a fifty day simple moving average of $19.79 and a 200 day simple moving average of $19.23. The company has a market cap of $2.17 billion, a P/E ratio of 25.66 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.