Ursa Fund Management LLC purchased a new stake in Equity Commonwealth (NYSE:EQC - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 6,213,178 shares of the real estate investment trust's stock, valued at approximately $10,997,000. Equity Commonwealth comprises about 0.8% of Ursa Fund Management LLC's portfolio, making the stock its largest holding. Ursa Fund Management LLC owned approximately 5.79% of Equity Commonwealth as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of EQC. Barclays PLC boosted its stake in shares of Equity Commonwealth by 250.5% during the 3rd quarter. Barclays PLC now owns 415,187 shares of the real estate investment trust's stock worth $8,263,000 after purchasing an additional 296,742 shares during the period. DLD Asset Management LP purchased a new position in shares of Equity Commonwealth during the 4th quarter worth about $731,000. Raymond James Financial Inc. purchased a new stake in Equity Commonwealth in the 4th quarter valued at about $58,000. Norges Bank purchased a new stake in Equity Commonwealth in the 4th quarter valued at about $264,000. Finally, Allspring Global Investments Holdings LLC boosted its position in Equity Commonwealth by 107.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 251,712 shares of the real estate investment trust's stock valued at $446,000 after buying an additional 130,276 shares during the period. 96.00% of the stock is currently owned by institutional investors.
Equity Commonwealth Stock Performance
NYSE:EQC opened at $1.58 on Tuesday. Equity Commonwealth has a one year low of $1.40 and a one year high of $21.00. The firm has a market cap of $169.73 million, a P/E ratio of 4.05 and a beta of 0.57. The firm has a 50-day simple moving average of $1.59 and a 200-day simple moving average of $4.89.
Analyst Ratings Changes
Separately, StockNews.com began coverage on shares of Equity Commonwealth in a research report on Saturday. They issued a "sell" rating for the company.
View Our Latest Analysis 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.
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