Sumitomo Mitsui Trust Holdings Inc. Sells 1,958 Shares of Equity Commonwealth (NYSE:EQC)

Sumitomo Mitsui Trust Holdings Inc. lessened its position in Equity Commonwealth (NYSE:EQC) by 1.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 121,584 shares of the real estate investment trust’s stock after selling 1,958 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Equity Commonwealth were worth $2,334,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of EQC. Nuance Investments LLC grew its position in shares of Equity Commonwealth by 50.8% in the 3rd quarter. Nuance Investments LLC now owns 4,999,446 shares of the real estate investment trust’s stock valued at $91,840,000 after acquiring an additional 1,683,316 shares during the period. DigitalBridge Group Inc. bought a new position in shares of Equity Commonwealth in the 3rd quarter valued at about $12,689,000. Brown Advisory Inc. grew its position in shares of Equity Commonwealth by 41.5% in the 3rd quarter. Brown Advisory Inc. now owns 1,832,548 shares of the real estate investment trust’s stock valued at $33,664,000 after acquiring an additional 537,419 shares during the period. Vaughan Nelson Investment Management L.P. grew its position in shares of Equity Commonwealth by 29.9% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,562,960 shares of the real estate investment trust’s stock valued at $28,711,000 after acquiring an additional 359,975 shares during the period. Finally, Stansberry Asset Management LLC bought a new stake in shares of Equity Commonwealth during the 3rd quarter worth about $5,608,000. Institutional investors own 96.00% of the company’s stock.

Insider Buying and Selling

In related news, CAO Andrew Levy sold 2,409 shares of Equity Commonwealth stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $18.71, for a total transaction of $45,072.39. Following the completion of the sale, the chief accounting officer now owns 2,305 shares of the company’s stock, valued at approximately $43,126.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 2.80% of the stock is currently owned by insiders.

Equity Commonwealth Stock Performance

Shares of EQC stock opened at $18.65 on Thursday. The company has a market capitalization of $2.00 billion, a price-to-earnings ratio of 24.54 and a beta of 0.24. The company has a 50-day simple moving average of $18.71 and a 200 day simple moving average of $18.93. Equity Commonwealth has a 52 week low of $17.93 and a 52 week high of $21.49.

Equity Commonwealth 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.