Two Sigma Advisers LP Acquires Shares of 1,640,800 Equity Commonwealth (NYSE:EQC)

Two Sigma Advisers LP purchased a new stake in shares of Equity Commonwealth (NYSE:EQC - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,640,800 shares of the real estate investment trust's stock, valued at approximately $2,904,000. Two Sigma Advisers LP owned about 1.53% of Equity Commonwealth as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in EQC. Alberta Investment Management Corp lifted its holdings in Equity Commonwealth by 462.3% during 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 during the last quarter. Indaba Capital Management L.P. lifted its holdings in Equity Commonwealth by 103.2% during 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 during the last quarter. Barclays PLC lifted its holdings in Equity Commonwealth by 923.0% during the 4th quarter. Barclays PLC now owns 4,247,401 shares of the real estate investment trust's stock valued at $7,518,000 after purchasing an additional 3,832,214 shares during the last quarter. Millennium Management LLC bought a new position in Equity Commonwealth during the 4th quarter valued at about $6,182,000. Finally, First Trust Advisors LP lifted its holdings in Equity Commonwealth by 1,735.7% during the 4th 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 purchasing an additional 2,335,409 shares during the last quarter. 96.00% of the stock is owned by institutional investors.

Equity Commonwealth Stock Performance

EQC stock remained flat at $1.58 during trading on Friday. Equity Commonwealth has a 1 year low of $1.40 and a 1 year high of $21.00. The company has a market capitalization of $169.73 million, a P/E ratio of 4.05 and a beta of 0.57. The company has a 50 day moving average of $1.59 and a 200-day moving average of $3.95.

Analysts Set New Price Targets

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

About Equity Commonwealth

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.