Connor Clark & Lunn Investment Management Ltd. Buys Shares of 31,456 Equity Commonwealth (NYSE:EQC)

Connor Clark & Lunn Investment Management Ltd. purchased a new position in Equity Commonwealth (NYSE:EQC) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 31,456 shares of the real estate investment trust’s stock, valued at approximately $626,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quest Partners LLC grew its holdings in shares of Equity Commonwealth by 134.4% during the third quarter. Quest Partners LLC now owns 70,136 shares of the real estate investment trust’s stock valued at $1,396,000 after purchasing an additional 40,216 shares during the last quarter. Empowered Funds LLC grew its stake in Equity Commonwealth by 3.0% during the 3rd quarter. Empowered Funds LLC now owns 144,726 shares of the real estate investment trust’s stock worth $2,880,000 after buying an additional 4,185 shares during the last quarter. Metis Global Partners LLC acquired a new stake in Equity Commonwealth in the third quarter worth $220,000. GSA Capital Partners LLP bought a new stake in Equity Commonwealth in the third quarter valued at $2,420,000. Finally, Entropy Technologies LP grew its position in shares of Equity Commonwealth by 11.9% during the third quarter. Entropy Technologies LP now owns 31,904 shares of the real estate investment trust’s stock worth $635,000 after acquiring an additional 3,402 shares during the last quarter. 96.00% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Equity Commonwealth from a “hold” rating to a “sell” rating in a research report on Friday, October 25th.

Equity Commonwealth Price Performance

EQC opened at $20.25 on Friday. The stock’s 50 day moving average price is $19.91 and its 200 day moving average price is $19.77. The stock has a market cap of $2.17 billion, a P/E ratio of 51.92 and a beta of 0.27. Equity Commonwealth has a 12 month low of $17.93 and a 12 month high of $21.00.

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.