Tabor Asset Management LP Purchases New Stake in Equity Commonwealth (NYSE:EQC)

Tabor Asset Management LP purchased a new position in Equity Commonwealth (NYSE:EQC - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,017,195 shares of the real estate investment trust's stock, valued at approximately $1,638,000. Tabor Asset Management LP owned 0.95% of Equity Commonwealth as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Indaba Capital Management L.P. boosted its holdings 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 worth $16,904,000 after acquiring an additional 4,850,000 shares during the period. Ursa Fund Management LLC purchased a new position in Equity Commonwealth in the 4th quarter worth approximately $10,997,000. Barclays PLC boosted its holdings in Equity Commonwealth by 923.0% in the 4th quarter. Barclays PLC now owns 4,247,401 shares of the real estate investment trust's stock worth $7,518,000 after acquiring an additional 3,832,214 shares during the period. Millennium Management LLC purchased a new position in Equity Commonwealth in the 4th quarter worth approximately $6,182,000. Finally, First Trust Advisors LP boosted its holdings in Equity Commonwealth by 1,735.7% in the 4th quarter. First Trust Advisors LP now owns 2,469,959 shares of the real estate investment trust's stock worth $4,372,000 after acquiring an additional 2,335,409 shares during the period. Hedge funds and other institutional investors own 96.00% of the company's stock.

Equity Commonwealth Stock Performance

Shares of EQC stock remained flat at $1.58 on Thursday. The company 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. The firm has a 50 day simple moving average of $1.58 and a 200-day simple moving average of $1.63.

Analyst Ratings Changes

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

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.