Carroll Financial Associates Inc. Takes $134,000 Position in Equity Commonwealth (NYSE:EQC)

Share on StockTwits

Carroll Financial Associates Inc. acquired a new stake in Equity Commonwealth (NYSE:EQC) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 3,934 shares of the real estate investment trust’s stock, valued at approximately $134,000.

Other large investors have also made changes to their positions in the company. Lee Danner & Bass Inc. grew its position in shares of Equity Commonwealth by 1.7% in the second quarter. Lee Danner & Bass Inc. now owns 342,742 shares of the real estate investment trust’s stock valued at $11,146,000 after purchasing an additional 5,727 shares during the period. KBC Group NV purchased a new stake in shares of Equity Commonwealth in the second quarter valued at $2,377,000. GW&K Investment Management LLC purchased a new stake in shares of Equity Commonwealth in the second quarter valued at $5,334,000. Natixis purchased a new stake in shares of Equity Commonwealth in the second quarter valued at $1,268,000. Finally, Raymond James & Associates grew its position in shares of Equity Commonwealth by 123.8% in the first quarter. Raymond James & Associates now owns 52,049 shares of the real estate investment trust’s stock valued at $1,701,000 after purchasing an additional 28,791 shares during the period. 96.68% of the stock is owned by institutional investors and hedge funds.

EQC stock opened at $31.17 on Friday. The stock has a 50-day moving average price of $33.39 and a two-hundred day moving average price of $32.97. Equity Commonwealth has a 12-month low of $28.48 and a 12-month high of $34.95. The company has a current ratio of 86.78, a quick ratio of 86.78 and a debt-to-equity ratio of 0.01. The company has a market cap of $3.80 billion, a PE ratio of 45.17 and a beta of 0.24.

The company also recently declared a — dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Monday, October 7th will be given a dividend of $3.50 per share. The ex-dividend date is Friday, October 4th.

EQC has been the subject of a number of recent analyst reports. ValuEngine downgraded Equity Commonwealth from a “buy” rating to a “hold” rating in a research report on Monday, October 7th. JMP Securities downgraded Equity Commonwealth from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 14th. Finally, Zacks Investment Research downgraded Equity Commonwealth from a “buy” rating to a “hold” rating in a research report on Monday, October 7th.

About Equity Commonwealth

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. As of December 31, 2018, EQC's portfolio comprised 10 properties and 5.1 million square feet.

Read More: Google Finance Portfolio

Want to see what other hedge funds are holding EQC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Equity Commonwealth (NYSE:EQC).

Institutional Ownership by Quarter for Equity Commonwealth (NYSE:EQC)

Receive News & Ratings for Equity Commonwealth Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equity Commonwealth and related companies with MarketBeat.com's FREE daily email newsletter.