Charles Schwab Investment Management Inc. lowered its position in Equity Commonwealth (NYSE:EQC - Free Report) by 24.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,127,757 shares of the real estate investment trust's stock after selling 363,650 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.05% of Equity Commonwealth worth $1,996,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of EQC. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Equity Commonwealth in the 3rd quarter valued at about $626,000. Intech Investment Management LLC purchased a new stake in shares of Equity Commonwealth in the third quarter valued at about $556,000. Daiwa Securities Group Inc. grew its position in shares of Equity Commonwealth by 6.0% in the third quarter. Daiwa Securities Group Inc. now owns 35,105 shares of the real estate investment trust's stock valued at $699,000 after purchasing an additional 1,996 shares during the last quarter. FMR LLC increased its stake in shares of Equity Commonwealth by 75.5% during the 3rd quarter. FMR LLC now owns 187,174 shares of the real estate investment trust's stock worth $3,725,000 after purchasing an additional 80,541 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its position in shares of Equity Commonwealth by 143.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 172,970 shares of the real estate investment trust's stock worth $3,442,000 after purchasing an additional 101,829 shares during the last quarter. 96.00% of the stock is owned by hedge funds and other institutional investors.
Equity Commonwealth Price Performance
NYSE:EQC traded down $0.04 during trading hours on Wednesday, reaching $1.60. 1,283,416 shares of the company traded hands, compared to its average volume of 1,512,987. The firm's 50-day moving average is $1.67 and its 200-day moving average is $9.36. The stock has a market cap of $171.34 million, a P/E ratio of 4.09 and a beta of 0.50. Equity Commonwealth has a 1-year low of $1.40 and a 1-year high of $21.00.
About Equity Commonwealth
(
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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