Tiptree Advisors LLC bought a new stake in Equity Commonwealth (NYSE:EQC - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 175,000 shares of the real estate investment trust's stock, valued at approximately $310,000. Equity Commonwealth makes up about 0.3% of Tiptree Advisors LLC's holdings, making the stock its 18th biggest holding. Tiptree Advisors LLC owned about 0.16% of Equity Commonwealth as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also modified their holdings of the stock. First Affirmative Financial Network grew its stake in shares of Equity Commonwealth by 117.0% in the fourth quarter. First Affirmative Financial Network now owns 24,831 shares of the real estate investment trust's stock valued at $44,000 after buying an additional 13,389 shares in the last quarter. Bragg Financial Advisors Inc grew its stake in Equity Commonwealth by 4.0% during the 4th quarter. Bragg Financial Advisors Inc now owns 425,853 shares of the real estate investment trust's stock valued at $754,000 after purchasing an additional 16,359 shares in the last quarter. Coldstream Capital Management Inc. acquired a new stake in Equity Commonwealth during the 4th quarter valued at approximately $31,000. Nissay Asset Management Corp Japan ADV grew its stake in Equity Commonwealth by 165.3% during the 4th 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 purchasing an additional 29,344 shares in the last quarter. Finally, DGS Capital Management LLC acquired a new stake in Equity Commonwealth during the 4th quarter valued at approximately $53,000. Institutional investors and hedge funds own 96.00% of the company's stock.
Equity Commonwealth Stock Performance
Shares of EQC stock remained flat at $1.58 on Friday. 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 $21.00. The firm has a 50 day simple moving average of $1.59 and a 200-day simple moving average of $3.95.
Wall Street Analyst Weigh In
Separately, Wall Street Zen initiated coverage on Equity Commonwealth in a research note on Saturday, May 17th. They set a "sell" rating for the company.
View Our Latest Report on EQC
Equity Commonwealth Company Profile
(
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.
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