Brandes Investment Partners LP reduced its stake in Equity Commonwealth (NYSE:EQC – Free Report) by 17.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 489,072 shares of the real estate investment trust’s stock after selling 101,889 shares during the period. Brandes Investment Partners LP owned approximately 0.46% of Equity Commonwealth worth $866,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. First Affirmative Financial Network raised its position in shares of Equity Commonwealth by 117.0% in the fourth quarter. First Affirmative Financial Network now owns 24,831 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 13,389 shares in the last quarter. DGS Capital Management LLC purchased a new stake in shares of Equity Commonwealth in the fourth quarter worth $53,000. Raymond James Financial Inc. purchased a new stake in shares of Equity Commonwealth in the fourth quarter worth $58,000. Ullmann Wealth Partners Group LLC purchased a new stake in shares of Equity Commonwealth in the fourth quarter worth $68,000. Finally, Point72 DIFC Ltd purchased a new stake in shares of Equity Commonwealth in the third quarter worth $146,000. Hedge funds and other institutional investors own 96.00% of the company’s stock.
Equity Commonwealth Stock Performance
Shares of EQC stock opened at $1.62 on Friday. Equity Commonwealth has a 52-week low of $1.40 and a 52-week high of $21.00. The company has a market capitalization of $173.48 million, a PE ratio of 4.14 and a beta of 0.50. The business’s fifty day moving average is $1.70 and its 200 day moving average is $11.05.
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.
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