Equity Commonwealth (NYSE:EQC) Shares Sold by Wallace Capital Management Inc.

Wallace Capital Management Inc. trimmed its position in Equity Commonwealth (NYSE:EQC - Free Report) by 10.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 475,818 shares of the real estate investment trust's stock after selling 54,432 shares during the period. Equity Commonwealth makes up approximately 1.3% of Wallace Capital Management Inc.'s holdings, making the stock its 15th biggest holding. Wallace Capital Management Inc. owned 0.44% of Equity Commonwealth worth $9,469,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Van ECK Associates Corp raised its holdings in shares of Equity Commonwealth by 25.6% in the third quarter. Van ECK Associates Corp now owns 3,103 shares of the real estate investment trust's stock worth $61,000 after buying an additional 632 shares during the last quarter. CWM LLC grew its stake in Equity Commonwealth by 29.3% during the 3rd quarter. CWM LLC now owns 3,097 shares of the real estate investment trust's stock valued at $62,000 after purchasing an additional 701 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in Equity Commonwealth by 35.2% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,165 shares of the real estate investment trust's stock valued at $83,000 after purchasing an additional 1,084 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Equity Commonwealth by 459.8% in the third quarter. Blue Trust Inc. now owns 4,551 shares of the real estate investment trust's stock worth $88,000 after purchasing an additional 3,738 shares during the last quarter. Finally, Quarry LP lifted its holdings in shares of Equity Commonwealth by 629.6% during the second quarter. Quarry LP now owns 5,932 shares of the real estate investment trust's stock worth $115,000 after purchasing an additional 5,119 shares during the period. 96.00% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Equity Commonwealth Trading Up 0.3 %

EQC traded up $0.07 during midday trading on Friday, hitting $20.40. 14,314,034 shares of the company were exchanged, compared to its average volume of 1,218,178. Equity Commonwealth has a 1-year low of $17.93 and a 1-year high of $21.00. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of 52.33 and a beta of 0.27. The company's 50 day simple moving average is $19.95 and its 200 day simple moving average is $19.80.

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.