Allspring Global Investments Holdings LLC Lowers Stake in Equity Commonwealth (NYSE:EQC)

Allspring Global Investments Holdings LLC decreased its position in Equity Commonwealth (NYSE:EQC) by 12.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 121,436 shares of the real estate investment trust’s stock after selling 17,116 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.11% of Equity Commonwealth worth $2,417,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in EQC. Creative Planning grew its stake in shares of Equity Commonwealth by 2.9% in the third quarter. Creative Planning now owns 19,400 shares of the real estate investment trust’s stock valued at $386,000 after buying an additional 551 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Equity Commonwealth by 1.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 49,845 shares of the real estate investment trust’s stock valued at $991,000 after acquiring an additional 569 shares during the period. Envestnet Portfolio Solutions Inc. grew its position in Equity Commonwealth by 0.9% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 66,508 shares of the real estate investment trust’s stock valued at $1,256,000 after acquiring an additional 586 shares in the last quarter. Arizona State Retirement System increased its stake in Equity Commonwealth by 2.1% during the second quarter. Arizona State Retirement System now owns 29,952 shares of the real estate investment trust’s stock worth $581,000 after purchasing an additional 625 shares during the period. Finally, CWM LLC increased its stake in Equity Commonwealth by 29.3% during the third quarter. CWM LLC now owns 3,097 shares of the real estate investment trust’s stock worth $62,000 after purchasing an additional 701 shares during the period. 96.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Equity Commonwealth Stock Up 0.4 %

NYSE:EQC opened at $19.88 on Wednesday. Equity Commonwealth has a 52 week low of $17.93 and a 52 week high of $21.00. The company has a fifty day simple moving average of $20.00 and a two-hundred day simple moving average of $19.59. The company has a market cap of $2.13 billion, a price-to-earnings ratio of 50.97 and a beta of 0.27.

Equity Commonwealth 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.