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

Nuance Investments LLC lowered its stake in shares of Equity Commonwealth (NYSE:EQC) by 20.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,132,104 shares of the real estate investment trust’s stock after selling 287,951 shares during the period. Nuance Investments LLC owned 1.05% of Equity Commonwealth worth $22,529,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in EQC. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Equity Commonwealth during the 2nd quarter worth about $27,000. Van ECK Associates Corp increased its holdings in Equity Commonwealth by 25.6% during the 3rd quarter. Van ECK Associates Corp now owns 3,103 shares of the real estate investment trust’s stock worth $61,000 after acquiring an additional 632 shares during the period. CWM LLC increased its holdings in Equity Commonwealth by 29.3% during the 3rd quarter. CWM LLC now owns 3,097 shares of the real estate investment trust’s stock worth $62,000 after acquiring an additional 701 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in Equity Commonwealth by 35.2% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,165 shares of the real estate investment trust’s stock worth $83,000 after purchasing an additional 1,084 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in Equity Commonwealth by 459.8% in the 3rd quarter. Blue Trust Inc. now owns 4,551 shares of the real estate investment trust’s stock valued at $88,000 after purchasing an additional 3,738 shares during the period. 96.00% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Equity Commonwealth Price Performance

Shares of EQC opened at $20.10 on Wednesday. Equity Commonwealth has a 1-year low of $17.93 and a 1-year high of $21.00. The company has a market capitalization of $2.16 billion, a P/E ratio of 51.54 and a beta of 0.27. The firm’s 50 day simple moving average is $19.92 and its 200 day simple moving average is $19.73.

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.