Mercer Global Advisors Inc. ADV Invests $104,000 in Equity Commonwealth (NYSE:EQC)

Mercer Global Advisors Inc. ADV bought a new position in shares of Equity Commonwealth (NYSE:EQC) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 59,016 shares of the real estate investment trust’s stock, valued at approximately $104,000.

Other institutional investors also recently modified their holdings of the company. Barclays PLC raised its position in Equity Commonwealth by 250.5% in the 3rd quarter. Barclays PLC now owns 415,187 shares of the real estate investment trust’s stock valued at $8,263,000 after buying an additional 296,742 shares during the last quarter. DLD Asset Management LP purchased a new stake in Equity Commonwealth in the 4th quarter valued at $731,000. Raymond James Financial Inc. purchased a new stake in Equity Commonwealth in the 4th quarter valued at $58,000. Norges Bank purchased a new stake in Equity Commonwealth in the 4th quarter valued at $264,000. Finally, Allspring Global Investments Holdings LLC raised 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 during the last quarter. 96.00% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Equity Commonwealth Stock Performance

NYSE EQC opened at $1.58 on Friday. The firm has a market capitalization of $169.73 million, a P/E ratio of 4.05 and a beta of 0.57. The business has a fifty day simple moving average of $1.59 and a 200 day simple moving average of $5.12. Equity Commonwealth has a 12 month low of $1.40 and a 12 month high of $21.00.

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.