State of New Jersey Common Pension Fund D Sells 53,425 Shares of Equity Commonwealth (NYSE:EQC)

State of New Jersey Common Pension Fund D trimmed its holdings in Equity Commonwealth (NYSE:EQC) by 35.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 98,392 shares of the real estate investment trust’s stock after selling 53,425 shares during the period. State of New Jersey Common Pension Fund D owned about 0.09% of Equity Commonwealth worth $1,958,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Equity Commonwealth by 0.4% during the first quarter. Vanguard Group Inc. now owns 16,255,061 shares of the real estate investment trust’s stock worth $306,896,000 after acquiring an additional 60,382 shares in the last quarter. Burgundy Asset Management Ltd. boosted its holdings in shares of Equity Commonwealth by 1.4% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 3,709,792 shares of the real estate investment trust’s stock valued at $71,970,000 after buying an additional 50,864 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Equity Commonwealth by 0.5% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,718,940 shares of the real estate investment trust’s stock valued at $32,454,000 after buying an additional 7,837 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Equity Commonwealth by 1.1% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,622,655 shares of the real estate investment trust’s stock valued at $32,291,000 after buying an additional 18,393 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. boosted its stake in Equity Commonwealth by 4.2% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,161,788 shares of the real estate investment trust’s stock worth $22,539,000 after purchasing an additional 46,314 shares in the last quarter. Hedge funds and other institutional investors own 96.00% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Equity Commonwealth from a “hold” rating to a “sell” rating in a research report on Friday, October 25th.

Equity Commonwealth Price Performance

EQC stock opened at $20.08 on Monday. Equity Commonwealth has a 1-year low of $17.93 and a 1-year high of $21.00. The company has a market capitalization of $2.16 billion, a price-to-earnings ratio of 51.49 and a beta of 0.27. The business has a 50 day simple moving average of $19.93 and a two-hundred day simple moving average of $19.72.

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.