Geode Capital Management LLC Sells 1,452,493 Shares of Equity Commonwealth (NYSE:EQC)

Geode Capital Management LLC decreased its holdings in Equity Commonwealth (NYSE:EQC - Free Report) by 53.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,241,768 shares of the real estate investment trust's stock after selling 1,452,493 shares during the period. Geode Capital Management LLC owned about 1.16% of Equity Commonwealth worth $2,199,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Alberta Investment Management Corp increased its holdings in 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 buying an additional 7,124,543 shares during the last quarter. Y Intercept Hong Kong Ltd increased its stake in shares of Equity Commonwealth by 3,136.8% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 578,552 shares of the real estate investment trust's stock worth $1,024,000 after purchasing an additional 560,678 shares during the last quarter. Ieq Capital LLC acquired a new stake in shares of Equity Commonwealth in the 4th quarter valued at $616,000. Barclays PLC lifted its position in shares of Equity Commonwealth by 250.5% in the third quarter. Barclays PLC now owns 415,187 shares of the real estate investment trust's stock worth $8,263,000 after buying an additional 296,742 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Equity Commonwealth during the 4th quarter worth $264,000. Institutional investors and hedge funds own 96.00% of the company's stock.

Equity Commonwealth Price Performance

EQC remained flat at $1.58 during trading on Monday. Equity Commonwealth has a twelve month low of $1.40 and a twelve month high of $21.00. The company has a market capitalization of $169.73 million, a P/E ratio of 4.05 and a beta of 0.57. The firm's fifty day simple moving average is $1.60 and its two-hundred day simple moving average is $6.29.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Equity Commonwealth in a research note on Thursday. They set a "sell" rating for the company.

About Equity Commonwealth

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.