Alberta Investment Management Corp Increases Stake in Equity Commonwealth (NYSE:EQC)

Alberta Investment Management Corp increased its stake in Equity Commonwealth (NYSE:EQC) by 9.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,475,676 shares of the real estate investment trust’s stock after buying an additional 810,133 shares during the period. Alberta Investment Management Corp owned 8.82% of Equity Commonwealth worth $15,256,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Tabor Asset Management LP bought a new position in Equity Commonwealth in the first quarter worth $1,638,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Equity Commonwealth in the 1st quarter worth about $26,000. First Affirmative Financial Network increased its stake in shares of Equity Commonwealth by 129.9% in the 1st quarter. First Affirmative Financial Network now owns 57,085 shares of the real estate investment trust’s stock worth $92,000 after acquiring an additional 32,254 shares in the last quarter. Tiptree Advisors LLC purchased a new position in Equity Commonwealth during the 4th quarter valued at about $310,000. Finally, Toronto Dominion Bank bought a new stake in Equity Commonwealth during the fourth quarter worth about $177,000. 96.00% of the stock is currently owned by hedge funds and other institutional investors.

Equity Commonwealth Price Performance

Shares of EQC opened at $1.58 on Friday. The stock has a market cap of $169.73 million, a P/E ratio of 4.05 and a beta of 0.57. The business’s 50 day moving average price is $1.58 and its 200-day moving average price is $1.62. Equity Commonwealth has a 52 week low of $1.40 and a 52 week high of $20.60.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen initiated coverage on shares of Equity Commonwealth in a report on Saturday, May 17th. They issued a “sell” rating on the stock.

Equity Commonwealth Company 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.