Arizona State Retirement System Lowers Stake in Equity Commonwealth (NYSE:EQC)

Arizona State Retirement System lowered its stake in shares of Equity Commonwealth (NYSE:EQC) by 1.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 30,675 shares of the real estate investment trust’s stock after selling 561 shares during the quarter. Arizona State Retirement System’s holdings in Equity Commonwealth were worth $589,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in EQC. Bank of Montreal Can raised its position in shares of Equity Commonwealth by 73.5% during the 1st quarter. Bank of Montreal Can now owns 155,171 shares of the real estate investment trust’s stock valued at $4,469,000 after buying an additional 65,725 shares in the last quarter. Acadian Asset Management LLC purchased a new position in shares of Equity Commonwealth in the first quarter valued at about $242,000. MetLife Investment Management LLC increased its position in shares of Equity Commonwealth by 37.4% in the first quarter. MetLife Investment Management LLC now owns 57,605 shares of the real estate investment trust’s stock valued at $1,625,000 after acquiring an additional 15,695 shares during the period. Rhumbline Advisers increased its position in shares of Equity Commonwealth by 1.2% in the first quarter. Rhumbline Advisers now owns 181,687 shares of the real estate investment trust’s stock valued at $5,125,000 after acquiring an additional 2,138 shares during the period. Finally, Sei Investments Co. increased its position in shares of Equity Commonwealth by 1.5% in the first quarter. Sei Investments Co. now owns 111,058 shares of the real estate investment trust’s stock valued at $3,132,000 after acquiring an additional 1,678 shares during the period. Hedge funds and other institutional investors own 96.00% of the company’s stock.

Insider Activity at Equity Commonwealth

In related news, CAO Andrew Levy sold 2,409 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $18.71, for a total transaction of $45,072.39. Following the transaction, the chief accounting officer now owns 2,305 shares in the company, valued at $43,126.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.80% of the stock is owned by corporate insiders.

Equity Commonwealth Trading Up 1.3 %

EQC stock opened at $18.69 on Friday. Equity Commonwealth has a 12-month low of $17.93 and a 12-month high of $21.49. The firm’s 50-day moving average price is $18.73 and its two-hundred day moving average price is $18.93. The stock has a market capitalization of $2.00 billion, a price-to-earnings ratio of 24.59 and a beta of 0.24.

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.