Western Standard LLC increased its stake in Equity Commonwealth (NYSE:EQC - Free Report) by 132.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,652,275 shares of the real estate investment trust's stock after acquiring an additional 942,693 shares during the quarter. Equity Commonwealth makes up 1.9% of Western Standard LLC's holdings, making the stock its 18th largest holding. Western Standard LLC owned about 1.54% of Equity Commonwealth worth $2,925,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also modified their holdings of EQC. Barclays PLC grew its holdings in shares of Equity Commonwealth by 250.5% in the 3rd 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 last quarter. DGS Capital Management LLC acquired a new position in shares of Equity Commonwealth in the 4th quarter worth $53,000. First Affirmative Financial Network grew its holdings in shares of Equity Commonwealth by 117.0% in the 4th 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 last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of 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 worth $446,000 after acquiring an additional 130,276 shares during the last quarter. Finally, Alberta Investment Management Corp grew its holdings in shares of Equity Commonwealth by 462.3% in the 4th 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 last quarter. 96.00% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Separately, Wall Street Zen initiated coverage on Equity Commonwealth in a report on Saturday, May 17th. They issued a "sell" rating on the stock.
Check Out Our Latest Stock Analysis on EQC
Equity Commonwealth Stock Performance
Shares of NYSE EQC remained flat at $1.58 during mid-day trading on Friday. The firm has a market capitalization of $169.73 million, a PE ratio of 4.05 and a beta of 0.57. The stock's 50 day simple moving average is $1.59 and its 200 day simple moving average is $4.48. Equity Commonwealth has a fifty-two week low of $1.40 and a fifty-two week high of $21.00.
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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