Ieq Capital LLC Makes New $616,000 Investment in Equity Commonwealth (NYSE:EQC)

Ieq Capital LLC bought a new position in shares of Equity Commonwealth (NYSE:EQC) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 347,762 shares of the real estate investment trust’s stock, valued at approximately $616,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EQC. Alberta Investment Management Corp grew 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 worth $15,338,000 after acquiring an additional 7,124,543 shares during the last quarter. Weiss Asset Management LP acquired a new position in shares of Equity Commonwealth during the third quarter worth approximately $76,849,000. Indaba Capital Management L.P. grew its stake in shares of Equity Commonwealth by 74.1% during the third quarter. Indaba Capital Management L.P. now owns 4,700,000 shares of the real estate investment trust’s stock valued at $93,530,000 after purchasing an additional 2,000,000 shares during the last quarter. Stonehill Capital Management LLC acquired a new stake in shares of Equity Commonwealth in the third quarter valued at approximately $13,035,000. Finally, Barclays PLC raised its position in Equity Commonwealth by 250.5% in the 3rd quarter. Barclays PLC now owns 415,187 shares of the real estate investment trust’s stock worth $8,263,000 after purchasing an additional 296,742 shares during the last quarter. 96.00% of the stock is currently owned by institutional investors and hedge funds.

Equity Commonwealth Stock Performance

NYSE:EQC opened at $1.71 on Wednesday. The company has a market cap of $183.00 million, a price-to-earnings ratio of 4.37 and a beta of 0.48. The stock’s fifty day moving average price is $1.74 and its two-hundred day moving average price is $12.70. Equity Commonwealth has a 52-week low of $1.40 and a 52-week high of $21.00.

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.