DLD Asset Management LP Has $1.04 Million Stake in Equity Commonwealth $EQC

Key Points

• DLD Asset Management LP increased its stake in Equity Commonwealth by 56.3%, owning 645,191 shares after acquiring an additional 232,412 shares in the first quarter.
• Institutional investors and hedge funds now own 96.00% of Equity Commonwealth, indicating a strong institutional interest in the stock.
• Equity Commonwealth has a market capitalization of $169.73 million and a price-to-earnings ratio of 4.05, with a current stock price of $1.58.

DLD Asset Management LP boosted its position in shares of Equity Commonwealth (NYSE:EQC - Free Report) by 56.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 645,191 shares of the real estate investment trust's stock after buying an additional 232,412 shares during the quarter. DLD Asset Management LP owned 0.60% of Equity Commonwealth worth $1,039,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of EQC. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Equity Commonwealth during the first quarter valued at $26,000. Coldstream Capital Management Inc. purchased a new stake in shares of Equity Commonwealth during the fourth quarter valued at $31,000. Raymond James Financial Inc. purchased a new stake in shares of Equity Commonwealth during the fourth quarter valued at $58,000. Two Sigma Securities LLC purchased a new stake in shares of Equity Commonwealth during the fourth quarter valued at $59,000. Finally, Deerfield Management Company L.P. Series C purchased a new stake in shares of Equity Commonwealth during the fourth quarter valued at $77,000. 96.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen assumed coverage on Equity Commonwealth in a report on Saturday, May 17th. They set a "sell" rating for the company.

Equity Commonwealth Stock Performance

NYSE EQC remained flat at $1.58 during trading on Monday. Equity Commonwealth has a 1 year low of $1.40 and a 1 year high of $20.60. The stock has a market cap of $169.73 million, a PE ratio of 4.05 and a beta of 0.57. The firm's fifty day simple moving average is $1.58 and its two-hundred day simple moving average is $1.60.

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.