Cubist Systematic Strategies LLC Makes New $405,000 Investment in Equity Commonwealth $EQC

Key Points

• Cubist Systematic Strategies LLC invested $405,000 in Equity Commonwealth (NYSE: EQC), acquiring 251,557 shares during the first quarter.
• The institutional ownership of Equity Commonwealth is significant, with hedge funds and other investors holding 96% of the stock.
• Equity Commonwealth has faced a challenging market, recently receiving a "sell" rating by Wall Street Zen analysts.

Cubist Systematic Strategies LLC bought a new stake in Equity Commonwealth (NYSE:EQC - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 251,557 shares of the real estate investment trust's stock, valued at approximately $405,000. Cubist Systematic Strategies LLC owned approximately 0.23% of Equity Commonwealth as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vident Advisory LLC boosted its stake in shares of Equity Commonwealth by 27.4% in the 1st quarter. Vident Advisory LLC now owns 70,948 shares of the real estate investment trust's stock valued at $114,000 after purchasing an additional 15,244 shares in the last quarter. Ieq Capital LLC boosted its stake in shares of Equity Commonwealth by 2.7% in the 1st quarter. Ieq Capital LLC now owns 357,046 shares of the real estate investment trust's stock valued at $575,000 after purchasing an additional 9,284 shares in the last quarter. DLD Asset Management LP lifted its position in Equity Commonwealth by 56.3% during the 1st quarter. DLD Asset Management LP now owns 645,191 shares of the real estate investment trust's stock worth $1,039,000 after buying an additional 232,412 shares in the last quarter. Resona Asset Management Co. Ltd. lifted its position in Equity Commonwealth by 16.8% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 49,931 shares of the real estate investment trust's stock worth $80,000 after buying an additional 7,196 shares in the last quarter. Finally, Alberta Investment Management Corp lifted its position in Equity Commonwealth by 9.3% during the 1st quarter. Alberta Investment Management Corp now owns 9,475,676 shares of the real estate investment trust's stock worth $15,256,000 after buying an additional 810,133 shares in the last quarter. Institutional investors and hedge funds own 96.00% of the company's stock.

Equity Commonwealth Price Performance

NYSE EQC remained flat at $1.58 on Tuesday. The company's 50 day simple moving average is $1.58 and its 200 day simple moving average is $1.59. The firm has a market capitalization of $169.73 million, a price-to-earnings ratio of 4.05 and a beta of 0.57. Equity Commonwealth has a 52-week low of $1.40 and a 52-week high of $20.60.

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.