Mercer Global Advisors Inc. ADV Buys New Position in Equity Commonwealth (NYSE:EQC)

Mercer Global Advisors Inc. ADV purchased a new position in shares of Equity Commonwealth (NYSE:EQC) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 59,016 shares of the real estate investment trust’s stock, valued at approximately $104,000. Mercer Global Advisors Inc. ADV owned approximately 0.05% of Equity Commonwealth as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Schonfeld Strategic Advisors LLC boosted its holdings in shares of Equity Commonwealth by 554.3% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 1,097,435 shares of the real estate investment trust’s stock worth $1,942,000 after buying an additional 929,713 shares in the last quarter. Indaba Capital Management L.P. boosted its holdings in shares of Equity Commonwealth by 103.2% during the 4th quarter. Indaba Capital Management L.P. now owns 9,550,000 shares of the real estate investment trust’s stock worth $16,904,000 after buying an additional 4,850,000 shares in the last quarter. Coldstream Capital Management Inc. bought a new position in shares of Equity Commonwealth during the 4th quarter worth approximately $31,000. Two Sigma Securities LLC bought a new position in shares of Equity Commonwealth during the 4th quarter worth approximately $59,000. Finally, First Trust Advisors LP boosted its holdings in shares of Equity Commonwealth by 1,735.7% during the 4th quarter. First Trust Advisors LP now owns 2,469,959 shares of the real estate investment trust’s stock worth $4,372,000 after buying an additional 2,335,409 shares in the last quarter. 96.00% of the stock is currently owned by institutional investors.

Equity Commonwealth Price Performance

Shares of NYSE:EQC opened at $1.58 on Friday. Equity Commonwealth has a twelve month low of $1.40 and a twelve month high of $21.00. The stock’s 50 day moving average is $1.59 and its 200-day moving average is $5.12. The firm has a market capitalization of $169.73 million, a price-to-earnings ratio of 4.05 and a beta of 0.57.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on Equity Commonwealth in a report on Saturday. They set a “sell” rating on the stock.

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.