Norges Bank Invests $16.83 Million in Equity Commonwealth (NYSE:EQC)

Norges Bank acquired a new stake in Equity Commonwealth (NYSE:EQCFree Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 876,750 shares of the real estate investment trust’s stock, valued at approximately $16,834,000. Norges Bank owned approximately 0.82% of Equity Commonwealth at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of EQC. Principal Financial Group Inc. increased its stake in Equity Commonwealth by 39.4% during the 3rd quarter. Principal Financial Group Inc. now owns 15,545 shares of the real estate investment trust’s stock worth $286,000 after buying an additional 4,394 shares during the period. Jump Financial LLC raised its stake in shares of Equity Commonwealth by 26.5% in the third quarter. Jump Financial LLC now owns 23,998 shares of the real estate investment trust’s stock valued at $441,000 after acquiring an additional 5,023 shares in the last quarter. Barclays PLC boosted its holdings in Equity Commonwealth by 186.1% in the third quarter. Barclays PLC now owns 130,741 shares of the real estate investment trust’s stock valued at $2,400,000 after purchasing an additional 85,043 shares during the period. Atria Wealth Solutions Inc. grew its stake in Equity Commonwealth by 1.1% during the 3rd quarter. Atria Wealth Solutions Inc. now owns 67,292 shares of the real estate investment trust’s stock worth $1,236,000 after purchasing an additional 752 shares in the last quarter. Finally, Sequoia Financial Advisors LLC increased its holdings in Equity Commonwealth by 2.8% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 32,761 shares of the real estate investment trust’s stock worth $602,000 after purchasing an additional 885 shares during the period. Hedge funds and other institutional investors own 96.00% of the company’s stock.

Equity Commonwealth Stock Performance

Shares of EQC opened at $19.41 on Tuesday. Equity Commonwealth has a 1 year low of $17.93 and a 1 year high of $21.49. The stock has a market capitalization of $2.08 billion, a PE ratio of 24.57 and a beta of 0.24. The stock has a 50-day simple moving average of $18.95 and a 200-day simple moving average of $19.01.

Insider Buying and Selling

In other Equity Commonwealth news, CAO Andrew Levy sold 2,409 shares of the stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $18.71, for a total value of $45,072.39. Following the sale, the chief accounting officer now directly 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 SEC, which is available at the SEC website. 2.80% of the stock is owned by insiders.

Equity Commonwealth Company Profile

(Free Report)

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.

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

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