Alberta Investment Management Corp Acquires 7,124,543 Shares of Equity Commonwealth (NYSE:EQC)

Alberta Investment Management Corp raised its holdings in shares of Equity Commonwealth (NYSE:EQC) by 462.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,665,543 shares of the real estate investment trust’s stock after purchasing an additional 7,124,543 shares during the period. Alberta Investment Management Corp owned 0.08% of Equity Commonwealth worth $15,338,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Anson Funds Management LP raised its position in Equity Commonwealth by 317.9% during the 3rd quarter. Anson Funds Management LP now owns 208,939 shares of the real estate investment trust’s stock valued at $4,158,000 after purchasing an additional 158,939 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Equity Commonwealth by 117.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 384,954 shares of the real estate investment trust’s stock valued at $7,661,000 after purchasing an additional 208,208 shares during the last quarter. Barclays PLC raised its position in Equity Commonwealth by 250.5% during the 3rd quarter. Barclays PLC now owns 415,187 shares of the real estate investment trust’s stock valued at $8,263,000 after purchasing an additional 296,742 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in Equity Commonwealth during the 3rd quarter valued at approximately $626,000. Finally, BNP Paribas Financial Markets grew its holdings in shares of Equity Commonwealth by 143.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 172,970 shares of the real estate investment trust’s stock worth $3,442,000 after acquiring an additional 101,829 shares during the period. Institutional investors own 96.00% of the company’s stock.

Equity Commonwealth Stock Performance

EQC stock opened at $1.73 on Wednesday. Equity Commonwealth has a fifty-two week low of $1.40 and a fifty-two week high of $21.00. The business’s 50 day moving average price is $1.74 and its two-hundred day moving average price is $13.35. The company has a market capitalization of $185.14 million, a price-to-earnings ratio of 4.42 and a beta of 0.48.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Equity Commonwealth from a “hold” rating to a “sell” rating in a report on Friday, October 25th.

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.