Millennium Management LLC Invests $6.18 Million in Equity Commonwealth (NYSE:EQC)

Millennium Management LLC acquired a new stake in Equity Commonwealth (NYSE:EQC - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,492,383 shares of the real estate investment trust's stock, valued at approximately $6,182,000. Millennium Management LLC owned approximately 3.25% of Equity Commonwealth as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. First Affirmative Financial Network grew its position in shares of Equity Commonwealth by 117.0% during the fourth quarter. First Affirmative Financial Network now owns 24,831 shares of the real estate investment trust's stock worth $44,000 after buying an additional 13,389 shares in the last quarter. Bragg Financial Advisors Inc grew its position in shares of Equity Commonwealth by 4.0% during the fourth quarter. Bragg Financial Advisors Inc now owns 425,853 shares of the real estate investment trust's stock worth $754,000 after buying an additional 16,359 shares in the last quarter. Coldstream Capital Management Inc. acquired a new stake in shares of Equity Commonwealth during the fourth quarter worth approximately $31,000. Raymond James Financial Inc. acquired a new stake in shares of Equity Commonwealth during the fourth quarter worth approximately $58,000. Finally, Two Sigma Securities LLC acquired a new stake in shares of Equity Commonwealth during the fourth quarter worth approximately $59,000. Institutional investors and hedge funds own 96.00% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen initiated coverage on shares of Equity Commonwealth in a research report on Saturday, May 17th. They set a "sell" rating for the company.

Equity Commonwealth Price Performance

Shares of EQC stock remained flat at $1.58 during mid-day trading on Friday. Equity Commonwealth has a 52 week low of $1.40 and a 52 week high of $21.00. The company has a market cap of $169.73 million, a PE ratio of 4.05 and a beta of 0.57. The firm has a 50-day simple moving average of $1.59 and a 200 day simple moving average of $3.73.

Equity Commonwealth Company 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.