State of New Jersey Common Pension Fund D Cuts Position in Equity Commonwealth (NYSE:EQC)

State of New Jersey Common Pension Fund D trimmed its position in Equity Commonwealth (NYSE:EQC) by 35.2% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 98,392 shares of the real estate investment trust’s stock after selling 53,425 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Equity Commonwealth were worth $1,958,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Manning & Napier Advisors LLC acquired a new stake in Equity Commonwealth in the 2nd quarter worth about $3,463,000. Harbor Capital Advisors Inc. boosted its holdings in shares of Equity Commonwealth by 273.4% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 65,417 shares of the real estate investment trust’s stock worth $1,269,000 after purchasing an additional 47,898 shares during the last quarter. Boston Partners boosted its holdings in shares of Equity Commonwealth by 299.1% during the 1st quarter. Boston Partners now owns 725,020 shares of the real estate investment trust’s stock worth $13,686,000 after purchasing an additional 543,344 shares during the last quarter. Brandes Investment Partners LP boosted its holdings in shares of Equity Commonwealth by 9.2% during the 2nd quarter. Brandes Investment Partners LP now owns 670,692 shares of the real estate investment trust’s stock worth $13,004,000 after purchasing an additional 56,490 shares during the last quarter. Finally, Mesirow Financial Investment Management Inc. acquired a new position in shares of Equity Commonwealth during the 2nd quarter worth approximately $1,712,000. 96.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Equity Commonwealth Stock Performance

EQC stock opened at $20.08 on Monday. The firm has a market cap of $2.16 billion, a PE ratio of 51.49 and a beta of 0.27. The firm’s 50 day moving average price is $19.93 and its 200-day moving average price is $19.72. Equity Commonwealth has a one year low of $17.93 and a one year high of $21.00.

About Equity Commonwealth

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.