Strs Ohio cut its stake in shares of Equity Commonwealth (NYSE:EQC) by 1.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 187,349 shares of the real estate investment trust’s stock after selling 2,133 shares during the period. Strs Ohio owned approximately 0.15% of Equity Commonwealth worth $5,661,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Acadian Asset Management LLC increased its stake in Equity Commonwealth by 1,008.3% in the second quarter. Acadian Asset Management LLC now owns 3,890 shares of the real estate investment trust’s stock worth $114,000 after buying an additional 3,539 shares in the last quarter. Bank of Montreal Can purchased a new stake in Equity Commonwealth during the second quarter worth $11,540,000. Monarch Partners Asset Management LLC increased its stake in Equity Commonwealth by 118.1% in the second quarter. Monarch Partners Asset Management LLC now owns 138,820 shares of the real estate investment trust’s stock worth $4,044,000 after buying an additional 75,180 shares in the last quarter. Quantitative Systematic Strategies LLC purchased a new stake in Equity Commonwealth during the second quarter worth $825,000. Finally, Eii Capital Management Inc. purchased a new stake in Equity Commonwealth during the second quarter worth $1,692,000. 91.57% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Equity Commonwealth (NYSE:EQC)

Equity Commonwealth (NYSE:EQC) opened at 30.73 on Friday. The company has a market capitalization of $3.86 billion, a PE ratio of 16.77 and a beta of 0.27. The firm’s 50 day moving average price is $29.80 and its 200-day moving average price is $29.92. Equity Commonwealth has a 12-month low of $25.23 and a 12-month high of $31.91.

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A number of research firms have weighed in on EQC. Zacks Investment Research downgraded shares of Equity Commonwealth from a “hold” rating to a “sell” rating in a research report on Tuesday, January 3rd. RBC Capital Markets upgraded Equity Commonwealth from an “underperform” rating to a “sector perform” rating and increased their price target for the stock from $28.00 to $32.00 in a report on Friday, September 30th. Finally, Royal Bank Of Canada upgraded Equity Commonwealth from an “underperform” rating to a “sector perform” rating and increased their price target for the stock from $28.00 to $32.00 in a report on Friday, September 30th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $32.25.

Equity Commonwealth Company Profile

Equity Commonwealth is an internally managed and self-advised real estate investment trust (REIT). The Company is engaged in the ownership and operation of office buildings throughout the United States. It operates in central business district properties and suburban properties segment. The Company’s portfolio includes approximately 60 properties (over 130 buildings) with a combined of approximately 24 million square feet.

5 Day Chart for NYSE:EQC

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