Raymond James & Associates Sells 131,725 Shares of Equity Commonwealth (NYSE:EQC)

Raymond James & Associates trimmed its position in shares of Equity Commonwealth (NYSE:EQC) by 41.8% during the second quarter, Holdings Channel.com reports. The institutional investor owned 183,580 shares of the real estate investment trust’s stock after selling 131,725 shares during the period. Raymond James & Associates’ holdings in Equity Commonwealth were worth $3,561,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Hunter Perkins Capital Management LLC increased its holdings in Equity Commonwealth by 15.0% during the second quarter. Hunter Perkins Capital Management LLC now owns 54,245 shares of the real estate investment trust’s stock worth $1,052,000 after buying an additional 7,063 shares during the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of Equity Commonwealth by 5.1% in the second quarter. Sequoia Financial Advisors LLC now owns 34,779 shares of the real estate investment trust’s stock valued at $675,000 after purchasing an additional 1,697 shares during the last quarter. Manning & Napier Advisors LLC acquired a new position in shares of Equity Commonwealth in the second quarter valued at $3,463,000. First Affirmative Financial Network increased its holdings 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 last quarter. Finally, Harbor Capital Advisors Inc. increased its holdings in shares of Equity Commonwealth by 273.4% in the second quarter. Harbor Capital Advisors Inc. now owns 65,417 shares of the real estate investment trust’s stock valued at $1,269,000 after purchasing an additional 47,898 shares during the last quarter. 96.00% of the stock is currently owned by institutional investors and hedge funds.

Equity Commonwealth Price Performance

NYSE:EQC opened at $20.27 on Friday. Equity Commonwealth has a one year low of $17.93 and a one year high of $21.00. The company has a market cap of $2.17 billion, a P/E ratio of 25.66 and a beta of 0.27. The firm’s fifty day moving average price is $19.79 and its two-hundred day moving average price is $19.23.

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.