JPMorgan Chase & Co. cut its stake in Equity Commonwealth (NYSE:EQC - Free Report) by 61.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 293,481 shares of the real estate investment trust's stock after selling 470,669 shares during the period. JPMorgan Chase & Co. owned approximately 0.27% of Equity Commonwealth worth $519,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in the stock. Barclays PLC grew its position in 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. Raymond James Financial Inc. acquired a new position in shares of Equity Commonwealth in the 4th quarter worth $58,000. Allspring Global Investments Holdings LLC raised its position in shares of Equity Commonwealth by 107.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 251,712 shares of the real estate investment trust's stock worth $446,000 after purchasing an additional 130,276 shares during the period. Alberta Investment Management Corp lifted its holdings in shares of Equity Commonwealth by 462.3% during the fourth quarter. Alberta Investment Management Corp now owns 8,665,543 shares of the real estate investment trust's stock valued at $15,338,000 after purchasing an additional 7,124,543 shares during the last quarter. Finally, First Affirmative Financial Network boosted its position in shares of Equity Commonwealth by 117.0% in the 4th quarter. First Affirmative Financial Network now owns 24,831 shares of the real estate investment trust's stock valued at $44,000 after purchasing an additional 13,389 shares during the period. Institutional investors and hedge funds own 96.00% of the company's stock.
Equity Commonwealth Stock Performance
Shares of EQC stock remained flat at $1.58 on Friday. The firm has a market cap of $169.73 million, a P/E ratio of 4.05 and a beta of 0.57. Equity Commonwealth has a 1-year low of $1.40 and a 1-year high of $21.00. The company's 50-day moving average price is $1.60 and its two-hundred day moving average price is $6.48.
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.
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Equity Commonwealth Company Profile
(
Free Report)
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.
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