JPMorgan Chase & Co. Sells 470,669 Shares of Equity Commonwealth (NYSE:EQC)

JPMorgan Chase & Co. cut its position in Equity Commonwealth (NYSE:EQC - Free Report) by 61.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 293,481 shares of the real estate investment trust's stock after selling 470,669 shares during the quarter. JPMorgan Chase & Co. owned about 0.27% of Equity Commonwealth worth $519,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First Affirmative Financial Network boosted its stake in shares of Equity Commonwealth by 117.0% in the fourth quarter. First Affirmative Financial Network now owns 24,831 shares of the real estate investment trust's stock valued at $44,000 after buying an additional 13,389 shares during the period. DGS Capital Management LLC acquired a new position in Equity Commonwealth in the 4th quarter valued at $53,000. Raymond James Financial Inc. bought a new stake in shares of Equity Commonwealth during the 4th quarter valued at $58,000. Ullmann Wealth Partners Group LLC acquired a new stake in shares of Equity Commonwealth during the 4th quarter worth $68,000. Finally, Allspring Global Investments Holdings LLC increased its position in shares of Equity Commonwealth by 107.3% in 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. 96.00% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Equity Commonwealth Stock Performance

Shares of Equity Commonwealth stock remained flat at $1.58 on Tuesday. The stock has a market cap of $169.73 million, a price-to-earnings ratio of 4.05 and a beta of 0.57. The company has a 50-day moving average of $1.60 and a 200-day moving average of $6.13. Equity Commonwealth has a 52 week low of $1.40 and a 52 week high of $21.00.

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.