State Street Corp Lowers Stock Holdings in Equity Commonwealth (NYSE:EQC)

State Street Corp cut its stake in shares of Equity Commonwealth (NYSE:EQC) by 1.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,207,041 shares of the real estate investment trust’s stock after selling 41,241 shares during the quarter. State Street Corp owned approximately 2.99% of Equity Commonwealth worth $63,820,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Stonehill Capital Management LLC purchased a new position in Equity Commonwealth during the 3rd quarter worth $13,035,000. Point72 DIFC Ltd purchased a new position in shares of Equity Commonwealth during the third quarter valued at $146,000. Point72 Asset Management L.P. bought a new stake in shares of Equity Commonwealth in the third quarter valued at about $326,000. Indaba Capital Management L.P. grew its holdings in Equity Commonwealth by 74.1% during the 3rd quarter. Indaba Capital Management L.P. now owns 4,700,000 shares of the real estate investment trust’s stock worth $93,530,000 after acquiring an additional 2,000,000 shares in the last quarter. Finally, Point72 Hong Kong Ltd increased its position in Equity Commonwealth by 6,117.9% during the 3rd quarter. Point72 Hong Kong Ltd now owns 17,721 shares of the real estate investment trust’s stock valued at $353,000 after purchasing an additional 17,436 shares during the period. Institutional investors own 96.00% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Equity Commonwealth Trading Up 2.4 %

Shares of NYSE EQC opened at $1.72 on Thursday. Equity Commonwealth has a 12-month low of $1.40 and a 12-month high of $21.00. The stock’s fifty day simple moving average is $17.06 and its two-hundred day simple moving average is $18.83. The stock has a market capitalization of $184.61 million, a PE ratio of 4.41 and a beta of 0.27.

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.