Northern Trust Corp Trims Stake in Equity Commonwealth (NYSE:EQC)

Northern Trust Corp reduced its holdings in Equity Commonwealth (NYSE:EQC - Free Report) by 61.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 536,286 shares of the real estate investment trust's stock after selling 851,338 shares during the period. Northern Trust Corp owned about 0.50% of Equity Commonwealth worth $949,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the company. Indaba Capital Management L.P. boosted its stake in shares of Equity Commonwealth by 103.2% in the fourth quarter. Indaba Capital Management L.P. now owns 9,550,000 shares of the real estate investment trust's stock worth $16,904,000 after acquiring an additional 4,850,000 shares during the last quarter. Alberta Investment Management Corp boosted its stake in shares of Equity Commonwealth by 462.3% in the fourth quarter. Alberta Investment Management Corp now owns 8,665,543 shares of the real estate investment trust's stock worth $15,338,000 after acquiring an additional 7,124,543 shares during the last quarter. Barclays PLC boosted its stake in shares of Equity Commonwealth by 923.0% in the fourth quarter. Barclays PLC now owns 4,247,401 shares of the real estate investment trust's stock worth $7,518,000 after acquiring an additional 3,832,214 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Equity Commonwealth by 1,735.7% in the fourth quarter. First Trust Advisors LP now owns 2,469,959 shares of the real estate investment trust's stock worth $4,372,000 after acquiring an additional 2,335,409 shares during the last quarter. Finally, Bank of Montreal Can boosted its stake in shares of Equity Commonwealth by 490.0% in the fourth quarter. Bank of Montreal Can now owns 1,970,198 shares of the real estate investment trust's stock worth $3,487,000 after acquiring an additional 1,636,252 shares during the last quarter. 96.00% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen started coverage on Equity Commonwealth in a research report on Saturday, May 17th. They set a "sell" rating on the stock.

Equity Commonwealth Stock Performance

Equity Commonwealth stock remained flat at $1.58 during trading on Tuesday. Equity Commonwealth has a 52 week low of $1.40 and a 52 week high of $21.00. The firm has a market cap of $169.73 million, a PE ratio of 4.05 and a beta of 0.57. The firm's 50 day moving average price is $1.59 and its 200 day moving average price is $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.