Equity Commonwealth (NYSE:EQC) Position Lowered by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. reduced its stake in Equity Commonwealth (NYSE:EQC - Free Report) by 2.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,863,125 shares of the real estate investment trust's stock after selling 40,845 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 1.74% of Equity Commonwealth worth $37,076,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in EQC. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Equity Commonwealth in the 2nd quarter valued at $7,760,000. Whitebox Advisors LLC grew its stake in shares of Equity Commonwealth by 58.7% during the second quarter. Whitebox Advisors LLC now owns 1,059,000 shares of the real estate investment trust's stock valued at $20,545,000 after acquiring an additional 391,793 shares in the last quarter. Lee Danner & Bass Inc. acquired a new stake in shares of Equity Commonwealth during the second quarter valued at about $6,470,000. Victory Capital Management Inc. grew its stake in shares of Equity Commonwealth by 31.4% during the second quarter. Victory Capital Management Inc. now owns 913,902 shares of the real estate investment trust's stock valued at $17,730,000 after acquiring an additional 218,204 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Equity Commonwealth by 117.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 384,954 shares of the real estate investment trust's stock valued at $7,661,000 after acquiring an additional 208,208 shares in the last quarter. 96.00% of the stock is currently owned by institutional investors and hedge funds.

Equity Commonwealth Stock Up 0.1 %

Shares of Equity Commonwealth stock traded up $0.02 during trading hours on Wednesday, hitting $20.19. 531,459 shares of the company's stock traded hands, compared to its average volume of 1,181,672. The stock has a 50 day simple moving average of $19.93 and a 200-day simple moving average of $19.80. The company has a market cap of $2.17 billion, a PE ratio of 51.72 and a beta of 0.27. Equity Commonwealth has a twelve month low of $17.93 and a twelve month high of $21.00.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Equity Commonwealth from a "hold" rating to a "sell" rating in a research note on Friday, October 25th.

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.