Equity Commonwealth (NYSE:EQC) Shares Sold by abrdn plc

abrdn plc cut its stake in Equity Commonwealth (NYSE:EQCGet Rating) by 5.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,861 shares of the real estate investment trust’s stock after selling 1,345 shares during the quarter. abrdn plc’s holdings in Equity Commonwealth were worth $680,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. State Street Corp lifted its holdings in shares of Equity Commonwealth by 5.8% in the 4th quarter. State Street Corp now owns 5,189,492 shares of the real estate investment trust’s stock worth $134,408,000 after acquiring an additional 285,122 shares during the last quarter. Burgundy Asset Management Ltd. lifted its holdings in Equity Commonwealth by 1.3% during the 4th quarter. Burgundy Asset Management Ltd. now owns 2,217,198 shares of the real estate investment trust’s stock worth $57,425,000 after buying an additional 28,630 shares in the last quarter. Ariel Investments LLC increased its position in shares of Equity Commonwealth by 34.9% in the 4th quarter. Ariel Investments LLC now owns 2,023,638 shares of the real estate investment trust’s stock valued at $52,412,000 after purchasing an additional 523,577 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Equity Commonwealth by 3.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,850,636 shares of the real estate investment trust’s stock valued at $47,933,000 after purchasing an additional 64,461 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Equity Commonwealth by 1.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,652,906 shares of the real estate investment trust’s stock valued at $42,811,000 after purchasing an additional 25,684 shares during the last quarter. 96.94% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Equity Commonwealth from a “hold” rating to a “sell” rating in a research report on Friday, July 29th.

Equity Commonwealth Stock Performance

EQC stock opened at $26.61 on Wednesday. Equity Commonwealth has a one year low of $25.00 and a one year high of $28.84. The stock has a market capitalization of $3.00 billion, a PE ratio of -241.91 and a beta of 0.20. The company has a fifty day moving average of $27.51 and a 200-day moving average of $27.03.

Equity Commonwealth Profile

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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 same property portfolio is comprised of 4 properties and 1.5 million square feet.

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

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