Deutsche Bank AG Has $195,000 Stock Holdings in Equity Commonwealth (NYSE:EQC)
Deutsche Bank AG reduced its stake in Equity Commonwealth (NYSE:EQC) by 65.1% in Q4, now holding 110,208 shares valued at $195,000. Other hedge funds increased their positions significantly, with Alberta Investment Management Corp raising its stake by 462.3%. Equity Commonwealth's stock opened at $1.58, with a market cap of $169.73 million and a PE ratio of 4.05. Analysts have set a "sell" rating on the stock, indicating a cautious outlook.
Deutsche Bank AG cut its stake in shares of Equity Commonwealth (NYSE:EQC - Free Report) by 65.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 110,208 shares of the real estate investment trust's stock after selling 206,016 shares during the period. Deutsche Bank AG owned 0.10% of Equity Commonwealth worth $195,000 as of its most recent filing with the SEC.
Get Equity Commonwealth alerts:
A number of other hedge funds also recently made changes to their positions in EQC. Alberta Investment Management Corp lifted its position in shares of Equity Commonwealth by 462.3% in the fourth 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 during the last quarter. Indaba Capital Management L.P. lifted its position in shares of Equity Commonwealth by 103.2% in the fourth quarter. Indaba Capital Management L.P. now owns 9,550,000 shares of the real estate investment trust's stock valued at $16,904,000 after buying an additional 4,850,000 shares during the last quarter. Barclays PLC increased its stake in shares of Equity Commonwealth by 923.0% during the fourth quarter. Barclays PLC now owns 4,247,401 shares of the real estate investment trust's stock worth $7,518,000 after purchasing an additional 3,832,214 shares during the period. First Trust Advisors LP increased its stake in shares of Equity Commonwealth by 1,735.7% during the fourth quarter. First Trust Advisors LP now owns 2,469,959 shares of the real estate investment trust's stock worth $4,372,000 after purchasing an additional 2,335,409 shares during the period. Finally, Bank of Montreal Can increased its stake in shares of Equity Commonwealth by 490.0% during the fourth quarter. Bank of Montreal Can now owns 1,970,198 shares of the real estate investment trust's stock worth $3,487,000 after purchasing an additional 1,636,252 shares during the period. 96.00% of the stock is owned by institutional investors and hedge funds.
Equity Commonwealth Price Performance
Equity Commonwealth stock opened at $1.58 on Tuesday. The stock's fifty day moving average price is $1.59 and its two-hundred day moving average price is $3.60. Equity Commonwealth has a one year low of $1.40 and a one year high of $21.00. The firm has a market cap of $169.73 million, a PE ratio of 4.05 and a beta of 0.57.
Wall Street Analyst Weigh In
Separately, Wall Street Zen assumed coverage on Equity Commonwealth in a research note on Saturday, May 17th. They set a "sell" rating on the stock.
Check Out Our Latest Stock Analysis on Equity Commonwealth
About Equity Commonwealth
(Free Report)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.
Featured Stories
- Five stocks we like better than Equity Commonwealth
- Bank Stocks - Best Bank Stocks to Invest In
- Ulta’s Beautiful Q1 Earnings Report Points to More Gains Ahead
- Value Investing: Is it a Good Strategy in 2022? Hint: Always
- Top 3 ETFs Defense Hawks Are Buying
- Where Do I Find 52-Week Highs and Lows?
- Zscaler Will Hit $360 Soon: Here’s the How and Why
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Should You Invest $1,000 in Equity Commonwealth Right Now?
Before you consider Equity Commonwealth, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Equity Commonwealth wasn't on the list.
While Equity Commonwealth currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
