DLD Asset Management LP Grows Position in Equity Commonwealth $EQC

Key Points

• DLD Asset Management LP increased its holdings in Equity Commonwealth (EQC) by 56.3%, owning approximately 645,191 shares valued at $1.04 million as of its latest SEC filing.
• Major hedge funds have recently adjusted their positions in EQC, with significant increases in holdings, indicating strong institutional interest as 96% of the stock is owned by institutional investors.
• Wall Street Zen has initiated coverage on EQC with a "sell" rating, signaling a cautious outlook from analysts despite the company's existing market capitalization of approximately $169.73 million.

DLD Asset Management LP increased its position in shares of Equity Commonwealth (NYSE:EQC - Free Report) by 56.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 645,191 shares of the real estate investment trust's stock after acquiring an additional 232,412 shares during the quarter. DLD Asset Management LP owned approximately 0.60% of Equity Commonwealth worth $1,039,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of EQC. Wealth Enhancement Advisory Services LLC acquired a new position in Equity Commonwealth in the first quarter valued at about $26,000. Raymond James Financial Inc. acquired a new position in Equity Commonwealth in the fourth quarter valued at about $58,000. Resona Asset Management Co. Ltd. lifted its position in Equity Commonwealth by 16.8% in the first quarter. Resona Asset Management Co. Ltd. now owns 49,931 shares of the real estate investment trust's stock valued at $80,000 after buying an additional 7,196 shares during the last quarter. Nissay Asset Management Corp Japan ADV lifted its position in Equity Commonwealth by 165.3% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 47,098 shares of the real estate investment trust's stock valued at $82,000 after buying an additional 29,344 shares during the last quarter. Finally, First Affirmative Financial Network lifted its position in Equity Commonwealth by 129.9% in the first quarter. First Affirmative Financial Network now owns 57,085 shares of the real estate investment trust's stock valued at $92,000 after buying an additional 32,254 shares during the last quarter. Institutional investors and hedge funds own 96.00% of the company's stock.

Equity Commonwealth Price Performance

NYSE:EQC remained flat at $1.58 on Friday. The stock has a market capitalization of $169.73 million, a price-to-earnings ratio of 4.05 and a beta of 0.57. The firm's fifty day moving average price is $1.58 and its two-hundred day moving average price is $1.59. 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 research note on Saturday, May 17th. They set a "sell" rating on the stock.

About Equity Commonwealth

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.