Equity Commonwealth (NYSE:EQC) Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. cut its holdings in Equity Commonwealth (NYSE:EQC) by 3.1% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 286,368 shares of the real estate investment trust’s stock after selling 9,223 shares during the period. Asset Management One Co. Ltd.’s holdings in Equity Commonwealth were worth $5,699,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of EQC. Vanguard Group Inc. grew its holdings in shares of Equity Commonwealth by 0.4% during the first quarter. Vanguard Group Inc. now owns 16,255,061 shares of the real estate investment trust’s stock valued at $306,896,000 after purchasing an additional 60,382 shares during the last quarter. Burgundy Asset Management Ltd. increased its position in Equity Commonwealth by 1.4% in the second quarter. Burgundy Asset Management Ltd. now owns 3,709,792 shares of the real estate investment trust’s stock worth $71,970,000 after buying an additional 50,864 shares during the period. Jacobs Levy Equity Management Inc. lifted its stake in Equity Commonwealth by 0.5% in the first quarter. Jacobs Levy Equity Management Inc. now owns 1,718,940 shares of the real estate investment trust’s stock valued at $32,454,000 after buying an additional 7,837 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Equity Commonwealth by 1.1% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,622,655 shares of the real estate investment trust’s stock valued at $32,291,000 after acquiring an additional 18,393 shares during the period. Finally, Russell Investments Group Ltd. grew its position in shares of Equity Commonwealth by 15.6% during the first quarter. Russell Investments Group Ltd. now owns 1,284,915 shares of the real estate investment trust’s stock worth $24,259,000 after acquiring an additional 173,413 shares during the last quarter. Institutional investors own 96.00% of the company’s stock.

Equity Commonwealth Price Performance

Shares of EQC stock opened at $20.12 on Friday. The business has a 50 day simple moving average of $19.95 and a 200 day simple moving average of $19.66. The firm has a market capitalization of $2.16 billion, a price-to-earnings ratio of 51.59 and a beta of 0.27. Equity Commonwealth has a 12-month low of $17.93 and a 12-month high of $21.00.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Equity Commonwealth from a “hold” rating to a “sell” rating in a research note on Friday, October 25th.

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. EQC's portfolio is comprised of four properties totaling 1.5 million square feet.