Equity Commonwealth (NYSE:EQC) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company decreased its position in shares of Equity Commonwealth (NYSE:EQC) by 74.5% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 21,691 shares of the real estate investment trust’s stock after selling 63,435 shares during the period. The Manufacturers Life Insurance Company’s holdings in Equity Commonwealth were worth $38,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Indaba Capital Management L.P. lifted 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 acquiring an additional 4,850,000 shares during the period. Alberta Investment Management Corp increased its position in Equity Commonwealth by 462.3% during the fourth quarter. Alberta Investment Management Corp now owns 8,665,543 shares of the real estate investment trust’s stock worth $15,338,000 after purchasing an additional 7,124,543 shares during the last quarter. Barclays PLC raised its stake in Equity Commonwealth by 923.0% during the fourth quarter. Barclays PLC now owns 4,247,401 shares of the real estate investment trust’s stock worth $7,518,000 after purchasing an additional 3,832,214 shares during the period. First Trust Advisors LP boosted its holdings in shares of Equity Commonwealth by 1,735.7% in the 4th quarter. First Trust Advisors LP now owns 2,469,959 shares of the real estate investment trust’s stock valued at $4,372,000 after purchasing an additional 2,335,409 shares during the last quarter. Finally, Bank of Montreal Can boosted its holdings in shares of Equity Commonwealth by 490.0% in the 4th quarter. Bank of Montreal Can now owns 1,970,198 shares of the real estate investment trust’s stock valued at $3,487,000 after purchasing an additional 1,636,252 shares during the last quarter. Institutional investors and hedge funds own 96.00% of the company’s stock.

Equity Commonwealth Price Performance

Equity Commonwealth stock opened at $1.58 on Tuesday. The company has a market cap of $169.73 million, a price-to-earnings ratio of 4.05 and a beta of 0.57. Equity Commonwealth has a 12 month low of $1.40 and a 12 month high of $21.00. The stock’s 50-day moving average is $1.59 and its 200-day moving average is $4.89.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Equity Commonwealth in a research report on Saturday. They issued 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.