Equity Commonwealth (NYSE:EQC) Shares Bought by Indaba Capital Management L.P.

Indaba Capital Management L.P. raised its stake in shares of Equity Commonwealth (NYSE:EQC - Free Report) by 103.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 9,550,000 shares of the real estate investment trust's stock after purchasing an additional 4,850,000 shares during the quarter. Equity Commonwealth accounts for about 8.1% of Indaba Capital Management L.P.'s investment portfolio, making the stock its 6th biggest position. Indaba Capital Management L.P. owned about 8.90% of Equity Commonwealth worth $16,904,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Barclays PLC increased its stake 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 valued at $8,263,000 after acquiring an additional 296,742 shares during the period. Ullmann Wealth Partners Group LLC acquired a new position in shares of Equity Commonwealth in the fourth quarter valued at $68,000. DGS Capital Management LLC bought a new position in Equity Commonwealth in the fourth quarter worth $53,000. First Affirmative Financial Network boosted its stake 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 buying an additional 13,389 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings 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. 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 during trading hours on Friday. Equity Commonwealth has a 12 month low of $1.40 and a 12 month high of $21.00. The stock's 50-day moving average is $1.60 and its 200 day moving average is $6.48. The company has a market cap of $169.73 million, a P/E ratio of 4.05 and a beta of 0.57.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Equity Commonwealth in a research report on Thursday. They set a "sell" rating on the stock.

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.