Charles Schwab Investment Management Inc. Has $1.09 Million Stake in Equity Commonwealth $EQC

Charles Schwab Investment Management Inc. decreased its stake in shares of Equity Commonwealth (NYSE:EQC) by 39.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 678,130 shares of the real estate investment trust’s stock after selling 449,627 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.63% of Equity Commonwealth worth $1,092,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Alberta Investment Management Corp grew its position in shares of Equity Commonwealth by 9.3% during the 1st quarter. Alberta Investment Management Corp now owns 9,475,676 shares of the real estate investment trust’s stock worth $15,256,000 after buying an additional 810,133 shares during the period. Tabor Asset Management LP acquired a new stake in shares of Equity Commonwealth during the 1st quarter worth approximately $1,638,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Equity Commonwealth during the 1st quarter worth approximately $26,000. First Affirmative Financial Network grew its position in shares of Equity Commonwealth by 129.9% during the 1st quarter. First Affirmative Financial Network now owns 57,085 shares of the real estate investment trust’s stock worth $92,000 after buying an additional 32,254 shares during the period. Finally, Tiptree Advisors LLC acquired a new stake in shares of Equity Commonwealth during the 4th quarter worth approximately $310,000. Institutional investors and hedge funds own 96.00% of the company’s stock.

Equity Commonwealth Stock Performance

NYSE EQC opened at $1.58 on Tuesday. The company has a fifty day simple moving average of $1.58 and a 200 day simple moving average of $1.59. Equity Commonwealth has a 12-month low of $1.40 and a 12-month high of $20.60. The company has a market cap of $169.73 million, a P/E ratio of 4.05 and a beta of 0.57.

Analysts Set New Price Targets

Separately, Wall Street Zen initiated coverage on shares of Equity Commonwealth in a research report on Saturday, May 17th. They issued a “sell” rating for the company.

Equity Commonwealth Company 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.