Two Sigma Investments LP Increases Stock Holdings in Equity Commonwealth (NYSE:EQC)

Two Sigma Investments LP boosted its holdings in Equity Commonwealth (NYSE:EQC - Free Report) by 464.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,368,287 shares of the real estate investment trust's stock after purchasing an additional 1,125,769 shares during the period. Two Sigma Investments LP owned about 1.27% of Equity Commonwealth worth $2,422,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Toronto Dominion Bank bought a new stake in Equity Commonwealth in the fourth quarter worth $177,000. Nissay Asset Management Corp Japan ADV boosted its stake in Equity Commonwealth by 165.3% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 47,098 shares of the real estate investment trust's stock valued at $82,000 after purchasing an additional 29,344 shares during the last quarter. Nomura Holdings Inc. purchased a new position in shares of Equity Commonwealth during the fourth quarter valued at approximately $3,245,000. Millennium Management LLC purchased a new position in Equity Commonwealth in the fourth quarter worth about $6,182,000. Finally, Deerfield Management Company L.P. Series C bought a new position in Equity Commonwealth in the 4th quarter worth $77,000. Institutional investors own 96.00% of the company's stock.

Wall Street Analyst Weigh In

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

Equity Commonwealth Price Performance

Shares of NYSE:EQC remained flat at $1.58 during mid-day trading on Wednesday. The business's 50 day moving average price is $1.59 and its 200-day moving average price is $3.57. Equity Commonwealth has a 12-month low of $1.40 and a 12-month high of $21.00. The company has a market cap of $169.73 million, a P/E ratio of 4.05 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.