State of New Jersey Common Pension Fund D Lowers Stock Position in Equity Commonwealth (NYSE:EQC)

State of New Jersey Common Pension Fund D trimmed its stake in shares of Equity Commonwealth (NYSE:EQC - Free Report) by 35.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 98,392 shares of the real estate investment trust's stock after selling 53,425 shares during the quarter. State of New Jersey Common Pension Fund D owned approximately 0.09% of Equity Commonwealth worth $1,958,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Equity Commonwealth by 1.1% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,622,655 shares of the real estate investment trust's stock worth $32,291,000 after buying an additional 18,393 shares in the last quarter. Van ECK Associates Corp increased its holdings in shares of Equity Commonwealth by 25.6% during the third quarter. Van ECK Associates Corp now owns 3,103 shares of the real estate investment trust's stock valued at $61,000 after acquiring an additional 632 shares in the last quarter. Harbor Capital Advisors Inc. raised its position in shares of Equity Commonwealth by 147.2% during the third quarter. Harbor Capital Advisors Inc. now owns 161,729 shares of the real estate investment trust's stock worth $3,218,000 after purchasing an additional 96,312 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Equity Commonwealth by 35.2% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,165 shares of the real estate investment trust's stock worth $83,000 after purchasing an additional 1,084 shares in the last quarter. Finally, Sequoia Financial Advisors LLC grew its position in Equity Commonwealth by 2.8% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 35,738 shares of the real estate investment trust's stock valued at $711,000 after purchasing an additional 959 shares during the period. 96.00% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Equity Commonwealth Stock Performance

EQC traded up $0.06 during midday trading on Monday, reaching $20.14. 3,951,681 shares of the company were exchanged, compared to its average volume of 1,123,196. The company has a market cap of $2.16 billion, a price-to-earnings ratio of 51.64 and a beta of 0.27. Equity Commonwealth has a one year low of $17.93 and a one year high of $21.00. The company's fifty day moving average price is $19.93 and its 200 day moving average price is $19.72.

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.