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 Q1, now owning 9,475,676 shares valued at $15.26 million. Other institutional investors also acquired shares, with 96% of the stock held by hedge funds. EQC shares opened at $1.58, with a market cap of $169.73 million. Wall Street analysts have issued a "sell" rating on the stock, which has a 52-week range of $1.40 to $20.60.
Alberta Investment Management Corp increased its stake in Equity Commonwealth (NYSE:EQC - Free Report) 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.
Get Equity Commonwealth alerts:
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.
Read Our Latest Stock Analysis on EQC
Equity Commonwealth Company Profile
(Free Report)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.
Further Reading
- Five stocks we like better than Equity Commonwealth
- 3 Fintech Stocks With Good 2021 Prospects
- Golden Cross Alert: 3 Stocks With Serious Upside Potential
- Growth Stocks: What They Are, Examples and How to Invest
- Big Beat, Bigger Plans: AEP Stock Powers Up on Data Center Boom
- What Are Dividend Challengers?
- Why Byrna Could Be the Top Defense Stock to Watch Now
Want to see what other hedge funds are holding EQC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Equity Commonwealth (NYSE:EQC - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Should You Invest $1,000 in Equity Commonwealth Right Now?
Before you consider Equity Commonwealth, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Equity Commonwealth wasn't on the list.
While Equity Commonwealth currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
