HBK Investments L P Purchases New Shares in Equity Commonwealth (NYSE:EQC)

HBK Investments L P acquired a new stake in shares of Equity Commonwealth (NYSE:EQC) during the first quarter, Holdings Channel reports. The fund acquired 113,754 shares of the real estate investment trust’s stock, valued at approximately $2,356,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Boothbay Fund Management LLC boosted its stake in Equity Commonwealth by 23.4% during the 1st quarter. Boothbay Fund Management LLC now owns 181,061 shares of the real estate investment trust’s stock valued at $3,750,000 after acquiring an additional 34,342 shares during the last quarter. Macquarie Group Ltd. lifted its position in shares of Equity Commonwealth by 4.2% in the 1st quarter. Macquarie Group Ltd. now owns 173,146 shares of the real estate investment trust’s stock worth $3,586,000 after buying an additional 6,953 shares during the last quarter. Cramer Rosenthal Mcglynn LLC lifted its position in shares of Equity Commonwealth by 3.4% in the 1st quarter. Cramer Rosenthal Mcglynn LLC now owns 2,077,057 shares of the real estate investment trust’s stock worth $43,016,000 after buying an additional 67,893 shares during the last quarter. Relative Value Partners Group LLC lifted its position in shares of Equity Commonwealth by 6.0% in the 1st quarter. Relative Value Partners Group LLC now owns 201,098 shares of the real estate investment trust’s stock worth $4,165,000 after buying an additional 11,377 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of Equity Commonwealth by 10.3% in the 1st quarter. Renaissance Technologies LLC now owns 2,250,285 shares of the real estate investment trust’s stock worth $46,603,000 after buying an additional 209,600 shares during the last quarter. 95.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Equity Commonwealth in a research report on Thursday, August 17th. They issued a “hold” rating on the stock.

Equity Commonwealth Price Performance

Shares of EQC stock traded up $0.15 during trading hours on Friday, reaching $19.10. The stock had a trading volume of 481,885 shares, compared to its average volume of 830,299. Equity Commonwealth has a twelve month low of $18.47 and a twelve month high of $27.39. The firm has a 50-day simple moving average of $19.62 and a 200-day simple moving average of $20.27. The firm has a market capitalization of $2.10 billion, a PE ratio of 33.51, a price-to-earnings-growth ratio of 2.00 and a beta of 0.29.

Insider Buying and Selling

In related news, EVP Orrin S. Shifrin sold 50,000 shares of the stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $19.26, for a total value of $963,000.00. Following the sale, the executive vice president now owns 158,466 shares of the company’s stock, valued at approximately $3,052,055.16. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.80% of the company’s stock.

Equity Commonwealth Profile

Equity Commonwealth operates as an internally managed and self-advised real estate investment trust. It engages in the ownership and operation of office properties. The company was founded by Barry M. Portnoy on October 9, 1986 and is headquartered in Chicago, IL.