Equity Commonwealth (NYSE:EQC) Stock Unloaded Sen. Bill Hagerty

Senator Bill Hagerty (R-Tennessee) recently sold shares of Equity Commonwealth NYSE: EQC. In a filing disclosed on December 30th, the Senator disclosed that they had sold between $1,001 and $15,000 in Equity Commonwealth stock on December 13th.

Equity Commonwealth Stock Performance

EQC stock remained flat at $1.77 during midday trading on Tuesday. 1,176,905 shares of the company traded hands, compared to its average volume of 1,518,548. The company's fifty day moving average is $14.17 and its two-hundred day moving average is $17.84. The firm has a market capitalization of $189.97 million, a price-to-earnings ratio of 4.54 and a beta of 0.27. Equity Commonwealth has a 52 week low of $1.40 and a 52 week high of $21.00.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Equity Commonwealth

A number of institutional investors and hedge funds have recently bought and sold shares of EQC. Indaba Capital Management L.P. lifted its position in Equity Commonwealth by 74.1% in the third quarter. Indaba Capital Management L.P. now owns 4,700,000 shares of the real estate investment trust's stock valued at $93,530,000 after buying an additional 2,000,000 shares during the last quarter. Weiss Asset Management LP acquired a new position in shares of Equity Commonwealth in the 3rd quarter worth approximately $76,849,000. Burgundy Asset Management Ltd. boosted its position in shares of Equity Commonwealth by 1.4% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 3,709,792 shares of the real estate investment trust's stock worth $71,970,000 after purchasing an additional 50,864 shares during the period. Geode Capital Management LLC increased its holdings in Equity Commonwealth by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,694,261 shares of the real estate investment trust's stock valued at $53,625,000 after purchasing an additional 21,146 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its position in Equity Commonwealth by 1.1% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,622,655 shares of the real estate investment trust's stock valued at $32,291,000 after purchasing an additional 18,393 shares during the period. 96.00% of the stock is currently owned by institutional investors and hedge funds.

About Senator Hagerty

Bill Hagerty (Republican Party) is a member of the U.S. Senate from Tennessee. He assumed office on January 3, 2021. His current term ends on January 3, 2027. Hagerty (Republican Party) ran for election to the U.S. Senate to represent Tennessee. He won in the general election on November 3, 2020. Bill Hagerty's career experience includes working as the managing director of and founding Hagerty Peterson & Company; an economic advisor to President George H. W. Bush, Tennessee Governor Bill Haslam, and Mitt Romney; on the domestic policy staff of the George H. W. Bush administration; a White House fellow with the NASA administrator and the Office of the Vice President; the national finance chairman of the Mitt Romney 2008 presidential campaign; and the Tennessee commissioner of economic development with the Governor Bill Haslam administration.

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.