Ursa Fund Management LLC Buys Shares of 6,213,178 Equity Commonwealth (NYSE:EQC)

Ursa Fund Management LLC acquired a new stake in Equity Commonwealth (NYSE:EQC - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 6,213,178 shares of the real estate investment trust's stock, valued at approximately $10,997,000. Equity Commonwealth makes up approximately 0.8% of Ursa Fund Management LLC's portfolio, making the stock its biggest position. Ursa Fund Management LLC owned 5.79% of Equity Commonwealth at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Barclays PLC grew its holdings in Equity Commonwealth by 250.5% during the third quarter. Barclays PLC now owns 415,187 shares of the real estate investment trust's stock worth $8,263,000 after acquiring an additional 296,742 shares during the period. DGS Capital Management LLC acquired a new position in Equity Commonwealth during the fourth quarter worth about $53,000. First Affirmative Financial Network grew its holdings in Equity Commonwealth by 117.0% during the fourth quarter. First Affirmative Financial Network now owns 24,831 shares of the real estate investment trust's stock worth $44,000 after acquiring an additional 13,389 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in Equity Commonwealth by 107.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 251,712 shares of the real estate investment trust's stock worth $446,000 after acquiring an additional 130,276 shares during the period. Finally, Alberta Investment Management Corp grew its holdings in Equity Commonwealth by 462.3% during the fourth quarter. Alberta Investment Management Corp now owns 8,665,543 shares of the real estate investment trust's stock worth $15,338,000 after acquiring an additional 7,124,543 shares during the period. 96.00% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen initiated coverage on Equity Commonwealth in a research note on Saturday, May 17th. They issued a "sell" rating on the stock.

Equity Commonwealth Stock Performance

EQC remained flat at $1.58 during trading on Friday. The business has a 50 day moving average price of $1.59 and a 200 day moving average price of $4.48. 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.

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.