Equity Commonwealth (NYSE:EQC) Shares Bought by Bank of Montreal Can

Bank of Montreal Can raised its stake in shares of Equity Commonwealth (NYSE:EQC - Free Report) by 490.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,970,198 shares of the real estate investment trust's stock after purchasing an additional 1,636,252 shares during the period. Bank of Montreal Can owned 1.84% of Equity Commonwealth worth $3,487,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Alberta Investment Management Corp lifted its stake in 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 worth $15,338,000 after purchasing an additional 7,124,543 shares during the last quarter. Yakira Capital Management Inc. increased its stake in shares of Equity Commonwealth by 1,577.5% during the fourth quarter. Yakira Capital Management Inc. now owns 858,859 shares of the real estate investment trust's stock valued at $1,520,000 after buying an additional 807,659 shares during the period. Y Intercept Hong Kong Ltd lifted its stake in Equity Commonwealth by 3,136.8% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 578,552 shares of the real estate investment trust's stock worth $1,024,000 after acquiring an additional 560,678 shares during the period. DLD Asset Management LP purchased a new position in Equity Commonwealth during the 4th quarter valued at about $731,000. Finally, Ieq Capital LLC bought a new position in Equity Commonwealth in the fourth quarter worth approximately $616,000. 96.00% of the stock is currently owned by hedge funds and other institutional investors.

Equity Commonwealth Price Performance

NYSE:EQC traded down $0.03 during trading hours on Monday, reaching $1.59. The company had a trading volume of 12,285,270 shares, compared to its average volume of 1,620,493. Equity Commonwealth has a 1-year low of $1.40 and a 1-year high of $21.00. The business's 50 day moving average price is $1.63 and its 200-day moving average price is $7.44. The firm has a market cap of $170.26 million, a PE ratio of 4.06 and a beta of 0.57.

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.