Equity Commonwealth $EQC Shares Sold by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. reduced its stake in Equity Commonwealth (NYSE:EQC) by 6.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 946,821 shares of the real estate investment trust’s stock after selling 64,112 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.88% of Equity Commonwealth worth $1,524,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in EQC. Wealth Enhancement Advisory Services LLC purchased a new stake in Equity Commonwealth in the 1st quarter valued at $26,000. Modern Wealth Management LLC purchased a new position in shares of Equity Commonwealth during the 1st quarter worth $27,000. Resona Asset Management Co. Ltd. grew its holdings in shares of Equity Commonwealth by 16.8% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 49,931 shares of the real estate investment trust’s stock worth $80,000 after purchasing an additional 7,196 shares during the period. First Affirmative Financial Network grew its holdings 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 purchasing an additional 32,254 shares during the period. Finally, Vident Advisory LLC grew its holdings in shares of Equity Commonwealth by 27.4% during the 1st quarter. Vident Advisory LLC now owns 70,948 shares of the real estate investment trust’s stock worth $114,000 after purchasing an additional 15,244 shares during the period. 96.00% of the stock is currently owned by hedge funds and other institutional investors.

Equity Commonwealth Price Performance

Shares of Equity Commonwealth stock opened at $1.58 on Friday. The business has a 50-day moving average of $1.58 and a 200 day moving average of $1.59. Equity Commonwealth has a 12 month low of $1.40 and a 12 month high of $20.60. The stock has a market capitalization of $169.73 million, a price-to-earnings ratio of 4.05 and a beta of 0.57.

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.