Equity Commonwealth (NYSE:EQC) Shares Sold by Deutsche Bank AG

Deutsche Bank AG cut its stake in Equity Commonwealth (NYSE:EQC - Free Report) by 65.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 110,208 shares of the real estate investment trust's stock after selling 206,016 shares during the period. Deutsche Bank AG owned approximately 0.10% of Equity Commonwealth worth $195,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in EQC. Coldstream Capital Management Inc. bought a new position in shares of Equity Commonwealth in the fourth quarter valued at approximately $31,000. Raymond James Financial Inc. bought a new position in shares of Equity Commonwealth in the fourth quarter valued at approximately $58,000. Two Sigma Securities LLC bought a new position in shares of Equity Commonwealth in the fourth quarter valued at approximately $59,000. Resona Asset Management Co. Ltd. bought a new position in shares of Equity Commonwealth in the fourth quarter valued at approximately $75,000. Finally, Deerfield Management Company L.P. Series C bought a new position in shares of Equity Commonwealth in the fourth quarter valued at approximately $77,000. 96.00% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen assumed coverage on shares of Equity Commonwealth in a report on Saturday, May 17th. They issued a "sell" rating for the company.

Equity Commonwealth Price Performance

EQC stock remained flat at $1.58 on Wednesday. Equity Commonwealth has a one year low of $1.40 and a one year high of $21.00. The stock has a market capitalization of $169.73 million, a P/E ratio of 4.05 and a beta of 0.57. The company has a 50 day simple moving average of $1.59 and a two-hundred day simple moving average of $3.58.

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.