Renaissance Technologies LLC Acquires 301,786 Shares of Equity Commonwealth (NYSE:EQC)

Renaissance Technologies LLC raised its stake in Equity Commonwealth (NYSE:EQC - Free Report) by 27.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,400,871 shares of the real estate investment trust's stock after buying an additional 301,786 shares during the quarter. Renaissance Technologies LLC owned about 1.31% of Equity Commonwealth worth $2,480,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Bank of Montreal Can raised its holdings in shares of Equity Commonwealth by 490.0% in 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 buying an additional 1,636,252 shares during the last quarter. Yakira Capital Management Inc. lifted its stake in shares of Equity Commonwealth by 1,577.5% in the 4th quarter. Yakira Capital Management Inc. now owns 858,859 shares of the real estate investment trust's stock valued at $1,520,000 after purchasing an additional 807,659 shares in the last quarter. Aristides Capital LLC purchased a new stake in shares of Equity Commonwealth in the fourth quarter worth about $214,000. Resona Asset Management Co. Ltd. purchased a new stake in shares of Equity Commonwealth in the fourth quarter worth about $75,000. Finally, DLD Asset Management LP purchased a new position in Equity Commonwealth in the fourth quarter valued at about $731,000. Institutional investors and hedge funds own 96.00% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Equity Commonwealth in a research report on Thursday. They issued a "sell" rating on the stock.

Equity Commonwealth Price Performance

Equity Commonwealth stock remained flat at $1.58 during trading hours on Thursday. Equity Commonwealth has a 12 month low of $1.40 and a 12 month high of $21.00. The company has a market capitalization of $169.73 million, a PE ratio of 4.05 and a beta of 0.57. The company has a fifty day moving average of $1.61 and a 200 day moving average of $6.73.

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.