Acadian Asset Management LLC Takes $1.26 Million Position in Equity Commonwealth $EQC

Acadian Asset Management LLC bought a new position in Equity Commonwealth (NYSE:EQC) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 782,888 shares of the real estate investment trust’s stock, valued at approximately $1,257,000. Acadian Asset Management LLC owned about 0.73% of Equity Commonwealth as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC bought a new position in shares of Equity Commonwealth in the first quarter worth approximately $26,000. Resona Asset Management Co. Ltd. raised its holdings in Equity Commonwealth by 16.8% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 49,931 shares of the real estate investment trust’s stock worth $80,000 after acquiring an additional 7,196 shares during the last quarter. First Affirmative Financial Network raised its holdings in 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 during the last quarter. Vident Advisory LLC raised its stake in shares of Equity Commonwealth by 27.4% in the first quarter. Vident Advisory LLC now owns 70,948 shares of the real estate investment trust’s stock worth $114,000 after purchasing an additional 15,244 shares during the last quarter. Finally, Toronto Dominion Bank purchased a new position in shares of Equity Commonwealth in the fourth quarter worth $177,000. Institutional investors own 96.00% of the company’s stock.

Equity Commonwealth Price Performance

EQC stock opened at $1.58 on Thursday. Equity Commonwealth has a 1-year low of $1.40 and a 1-year high of $20.60. The business has a fifty day moving average price of $1.58 and a 200-day moving average price of $1.59. The stock has a market capitalization 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.