Bank of New York Mellon Corp decreased its position in shares of Equity Commonwealth (NYSE:EQC - Free Report) by 89.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 62,231 shares of the real estate investment trust's stock after selling 537,327 shares during the quarter. Bank of New York Mellon Corp owned about 0.06% of Equity Commonwealth worth $110,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the company. Alberta Investment Management Corp increased its holdings 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 in the last quarter. Weiss Asset Management LP bought a new stake in Equity Commonwealth during the 3rd quarter worth approximately $76,849,000. Indaba Capital Management L.P. increased its stake in Equity Commonwealth by 74.1% during the 3rd quarter. Indaba Capital Management L.P. now owns 4,700,000 shares of the real estate investment trust's stock worth $93,530,000 after purchasing an additional 2,000,000 shares in the last quarter. Stonehill Capital Management LLC acquired a new stake in Equity Commonwealth during the 3rd quarter worth approximately $13,035,000. Finally, Y Intercept Hong Kong Ltd lifted its stake in Equity Commonwealth by 3,136.8% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 578,552 shares of the real estate investment trust's stock valued at $1,024,000 after buying an additional 560,678 shares in the last quarter. Institutional investors and hedge funds own 96.00% of the company's stock.
Equity Commonwealth Price Performance
Shares of Equity Commonwealth stock traded up $0.01 on Thursday, hitting $1.60. The company had a trading volume of 760,420 shares, compared to its average volume of 1,513,715. The stock has a 50-day moving average of $1.67 and a 200-day moving average of $9.31. Equity Commonwealth has a twelve month low of $1.40 and a twelve month high of $21.00. The firm has a market capitalization of $171.34 million, a P/E ratio of 4.09 and a beta of 0.50.
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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