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 Price Performance

Equity Commonwealth stock opened at $1.77 on Thursday. The stock’s 50 day moving average price is $13.45 and its 200 day moving average price is $17.60. Equity Commonwealth has a 1-year low of $1.40 and a 1-year high of $21.00. The company has a market cap of $189.97 million, a PE ratio of 4.54 and a beta of 0.27.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Equity Commonwealth from a “hold” rating to a “sell” rating in a research report on Friday, October 25th.

Institutional Trading of Equity Commonwealth

A number of institutional investors have recently added to or reduced their stakes in EQC. Van ECK Associates Corp lifted its position in shares of Equity Commonwealth by 25.6% during the 3rd 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 during the period. CWM LLC increased its stake in Equity Commonwealth by 29.3% in 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 in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Equity Commonwealth by 35.2% during the third 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 during the last quarter. Blue Trust Inc. boosted its position in Equity Commonwealth by 459.8% during 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 in the last quarter. Finally, Quarry LP grew its holdings in Equity Commonwealth by 629.6% in the second quarter. Quarry LP now owns 5,932 shares of the real estate investment trust’s stock valued at $115,000 after purchasing an additional 5,119 shares during the last quarter. Hedge funds and other institutional investors own 96.00% of the company’s stock.

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.