Truist Financial Corp Reduces Holdings in Equity Commonwealth (NYSE:EQC)

Truist Financial Corp lowered its position in shares of Equity Commonwealth (NYSE:EQC – Get Rating) by 5.0% during the third quarter, HoldingsChannel reports. The firm owned 23,979 shares of the real estate investment trust’s stock after selling 1,251 shares during the period. Truist Financial Corp’s holdings in Equity Commonwealth were worth $584,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in EQC. SeaCrest Wealth Management LLC bought a new stake in shares of Equity Commonwealth in the second quarter worth $44,000. Parallel Advisors LLC increased its stake in shares of Equity Commonwealth by 18.8% in the second quarter. Parallel Advisors LLC now owns 3,546 shares of the real estate investment trust’s stock worth $98,000 after buying an additional 560 shares during the last quarter. Captrust Financial Advisors bought a new stake in shares of Equity Commonwealth in the second quarter worth $119,000. Point72 Hong Kong Ltd increased its stake in shares of Equity Commonwealth by 104.9% in the second quarter. Point72 Hong Kong Ltd now owns 4,339 shares of the real estate investment trust’s stock worth $119,000 after buying an additional 2,221 shares during the last quarter. Finally, Mackenzie Financial Corp bought a new stake in shares of Equity Commonwealth in the second quarter worth $228,000. Institutional investors own 93.39% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Equity Commonwealth from a “hold” rating to a “sell” rating in a research note on Tuesday, November 22nd.

Equity Commonwealth Trading Up 1.4 %

Shares of NYSE:EQC opened at $25.48 on Monday. The firm has a market cap of $2.79 billion, a PE ratio of 424.67 and a beta of 0.29. The company has a fifty day simple moving average of $25.71 and a 200 day simple moving average of $26.10. Equity Commonwealth has a 12-month low of $23.88 and a 12-month high of $28.84.

Equity Commonwealth Profile

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Equity Commonwealth operates as an internally managed and self-advised real estate investment trust. It engages in the ownership and operation of office properties. The company was founded by Barry M. Portnoy on October 9, 1986 and is headquartered in Chicago, IL.