DLD Asset Management LP boosted its stake in Equity Commonwealth (NYSE:EQC - Free Report) by 56.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 645,191 shares of the real estate investment trust's stock after buying an additional 232,412 shares during the period. DLD Asset Management LP owned approximately 0.60% of Equity Commonwealth worth $1,039,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Indaba Capital Management L.P. grew its position in Equity Commonwealth by 103.2% in the 4th quarter. Indaba Capital Management L.P. now owns 9,550,000 shares of the real estate investment trust's stock valued at $16,904,000 after acquiring an additional 4,850,000 shares in the last quarter. Alberta Investment Management Corp grew its position in Equity Commonwealth by 9.3% in the 1st quarter. Alberta Investment Management Corp now owns 9,475,676 shares of the real estate investment trust's stock valued at $15,256,000 after acquiring an additional 810,133 shares in the last quarter. Ursa Fund Management LLC acquired a new position in shares of Equity Commonwealth during the fourth quarter worth about $10,997,000. Barclays PLC grew its position in shares of Equity Commonwealth by 923.0% during the fourth quarter. Barclays PLC now owns 4,247,401 shares of the real estate investment trust's stock worth $7,518,000 after buying an additional 3,832,214 shares in the last quarter. Finally, Millennium Management LLC acquired a new position in shares of Equity Commonwealth during the fourth quarter worth about $6,182,000. 96.00% of the stock is currently owned by hedge funds and other institutional investors.
Equity Commonwealth Stock Performance
Shares of Equity Commonwealth stock remained flat at $1.58 on Friday. The firm has a 50-day simple moving average of $1.58 and a 200 day simple moving average of $1.60. The stock has a market cap of $169.73 million, a P/E ratio of 4.05 and a beta of 0.57. Equity Commonwealth has a 12-month low of $1.40 and a 12-month high of $20.60.
Analyst Ratings Changes
Separately, Wall Street Zen started coverage on Equity Commonwealth in a research report on Saturday, May 17th. They set a "sell" rating for the company.
Check Out Our Latest Report on EQC
About Equity Commonwealth
(
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
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