Equity Commonwealth (NYSE:EQC) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its holdings in Equity Commonwealth (NYSE:EQC) by 2.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 609,091 shares of the real estate investment trust’s stock after selling 15,209 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.56% of Equity Commonwealth worth $12,614,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. New York Life Investment Management LLC acquired a new stake in Equity Commonwealth during the first quarter valued at approximately $485,000. Baker Ellis Asset Management LLC bought a new position in Equity Commonwealth in the 1st quarter worth approximately $468,000. Federated Hermes Inc. grew its holdings in Equity Commonwealth by 82.8% in the 1st quarter. Federated Hermes Inc. now owns 41,216 shares of the real estate investment trust’s stock worth $854,000 after buying an additional 18,665 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in Equity Commonwealth by 6.9% in the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 61,040 shares of the real estate investment trust’s stock worth $1,264,000 after buying an additional 3,952 shares in the last quarter. Finally, Watershed Asset Management L.L.C. bought a new position in Equity Commonwealth in the 1st quarter worth approximately $2,071,000. Institutional investors and hedge funds own 95.20% of the company’s stock.

Insider Buying and Selling at Equity Commonwealth

In other Equity Commonwealth news, EVP Orrin S. Shifrin sold 50,000 shares of the stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $19.26, for a total transaction of $963,000.00. Following the completion of the transaction, the executive vice president now directly owns 158,466 shares of the company’s stock, valued at approximately $3,052,055.16. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Equity Commonwealth in a report on Thursday, August 17th. They issued a “hold” rating for the company.

Equity Commonwealth Stock Performance

Shares of NYSE EQC opened at $19.03 on Friday. The stock has a fifty day moving average price of $19.81 and a two-hundred day moving average price of $20.61. The firm has a market cap of $2.09 billion, a P/E ratio of 33.39, a PEG ratio of 2.00 and a beta of 0.29. Equity Commonwealth has a 1 year low of $18.47 and a 1 year high of $27.39.

Equity Commonwealth Profile

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.