Burgundy Asset Management Ltd. Purchases 9,478 Shares of Equity Commonwealth (NYSE:EQC)

Burgundy Asset Management Ltd. grew its position in shares of Equity Commonwealth (NYSE:EQC) by 0.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,805,226 shares of the real estate investment trust’s stock after buying an additional 9,478 shares during the period. Burgundy Asset Management Ltd. owned approximately 3.55% of Equity Commonwealth worth $6,735,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Coldstream Capital Management Inc. bought a new position in Equity Commonwealth during the 4th quarter worth $31,000. First Affirmative Financial Network increased its position in Equity Commonwealth by 117.0% during the 4th quarter. First Affirmative Financial Network now owns 24,831 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 13,389 shares during the period. DGS Capital Management LLC bought a new position in Equity Commonwealth during the 4th quarter worth $53,000. Raymond James Financial Inc. bought a new position in Equity Commonwealth during the 4th quarter worth $58,000. Finally, Two Sigma Securities LLC bought a new position in Equity Commonwealth during the 4th quarter worth $59,000. Institutional investors own 96.00% of the company’s stock.

Equity Commonwealth Price Performance

EQC stock opened at $1.58 on Friday. Equity Commonwealth has a fifty-two week low of $1.40 and a fifty-two week high of $21.00. The stock has a market capitalization of $169.73 million, a price-to-earnings ratio of 4.05 and a beta of 0.57. The business’s fifty day moving average price is $1.59 and its two-hundred day moving average price is $4.72.

Analyst Ratings Changes

Separately, Wall Street Zen started coverage on Equity Commonwealth in a research report on Saturday, May 17th. They set a “sell” rating on the stock.

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.