Millennium Management LLC acquired a new position in shares of Equity Commonwealth (NYSE:EQC - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 3,492,383 shares of the real estate investment trust's stock, valued at approximately $6,182,000. Millennium Management LLC owned about 3.25% of Equity Commonwealth as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in EQC. Alberta Investment Management Corp increased its holdings in Equity Commonwealth by 462.3% in the 4th 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 purchasing an additional 7,124,543 shares in the last quarter. Indaba Capital Management L.P. increased its holdings in Equity Commonwealth by 103.2% in the 4th 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 purchasing an additional 4,850,000 shares in the last quarter. Barclays PLC grew 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 valued at $7,518,000 after acquiring an additional 3,832,214 shares in the last quarter. First Trust Advisors LP grew 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 valued at $4,372,000 after acquiring an additional 2,335,409 shares in the last quarter. Finally, Bank of Montreal Can grew 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 valued at $3,487,000 after acquiring an additional 1,636,252 shares in the last quarter. 96.00% of the stock is currently owned by institutional investors and hedge funds.
Equity Commonwealth Price Performance
Shares of Equity Commonwealth stock remained flat at $1.58 during trading hours on Thursday. The firm's 50-day simple moving average is $1.59 and its two-hundred day simple moving average is $4.08. The stock has a market capitalization of $169.73 million, a P/E 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 $21.00.
Analysts Set New Price Targets
Separately, Wall Street Zen began coverage on Equity Commonwealth in a research note on Saturday, May 17th. They set a "sell" rating for the company.
Read Our Latest Analysis on EQC
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.
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