Nissay Asset Management Corp Japan ADV Acquires 29,344 Shares of Equity Commonwealth (NYSE:EQC)

Nissay Asset Management Corp Japan ADV lifted its holdings in Equity Commonwealth (NYSE:EQC) by 165.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 47,098 shares of the real estate investment trust’s stock after buying an additional 29,344 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in Equity Commonwealth were worth $82,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in EQC. Barclays PLC raised its position in shares of Equity Commonwealth by 250.5% in the 3rd quarter. Barclays PLC now owns 415,187 shares of the real estate investment trust’s stock worth $8,263,000 after acquiring an additional 296,742 shares in the last quarter. DGS Capital Management LLC bought a new stake in Equity Commonwealth in the 4th quarter valued at about $53,000. First Affirmative Financial Network increased its position in Equity Commonwealth by 117.0% in the 4th quarter. First Affirmative Financial Network now owns 24,831 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 13,389 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in Equity Commonwealth by 107.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 251,712 shares of the real estate investment trust’s stock valued at $446,000 after buying an additional 130,276 shares in the last quarter. Finally, Alberta Investment Management Corp increased its position in Equity Commonwealth by 462.3% in the 4th quarter. Alberta Investment Management Corp now owns 8,665,543 shares of the real estate investment trust’s stock valued at $15,338,000 after buying an additional 7,124,543 shares in the last quarter. 96.00% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on Equity Commonwealth in a research report on Saturday. They issued a “sell” rating for the company.

Equity Commonwealth Price Performance

Shares of Equity Commonwealth stock opened at $1.58 on Monday. Equity Commonwealth has a one year low of $1.40 and a one year high of $21.00. The firm has a market capitalization of $169.73 million, a price-to-earnings ratio of 4.05 and a beta of 0.57. The business has a 50-day simple moving average of $1.59 and a 200 day simple moving average of $5.02.

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.