First Trust Advisors LP Purchases 2,335,409 Shares of Equity Commonwealth (NYSE:EQC)

First Trust Advisors LP increased its stake in Equity Commonwealth (NYSE:EQC - Free Report) by 1,735.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,469,959 shares of the real estate investment trust's stock after buying an additional 2,335,409 shares during the quarter. First Trust Advisors LP owned approximately 2.30% of Equity Commonwealth worth $4,372,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. First Affirmative Financial Network increased its stake in shares of Equity Commonwealth by 117.0% during the 4th quarter. First Affirmative Financial Network now owns 24,831 shares of the real estate investment trust's stock worth $44,000 after purchasing an additional 13,389 shares during the last quarter. DGS Capital Management LLC bought a new stake in Equity Commonwealth in the 4th quarter valued at $53,000. Raymond James Financial Inc. bought a new position in Equity Commonwealth during the fourth quarter worth $58,000. Ullmann Wealth Partners Group LLC acquired a new position in shares of Equity Commonwealth in the fourth quarter valued at $68,000. Finally, Resona Asset Management Co. Ltd. acquired a new stake in shares of Equity Commonwealth during the 4th quarter worth about $75,000. 96.00% of the stock is currently owned by institutional investors and hedge funds.

Equity Commonwealth Price Performance

Equity Commonwealth stock remained flat at $1.58 during midday trading on Wednesday. The stock's fifty day simple moving average is $1.60 and its two-hundred day simple moving average is $6.13. Equity Commonwealth has a 1 year low of $1.40 and a 1 year high of $21.00. The firm has a market capitalization of $169.73 million, a price-to-earnings ratio of 4.05 and a beta of 0.57.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Equity Commonwealth in a research report on Thursday, May 1st. They set a "sell" rating for the company.

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.