Weiss Asset Management LP Takes Position in Equity Commonwealth (NYSE:EQC)

Weiss Asset Management LP acquired a new position in shares of Equity Commonwealth (NYSE:EQC) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 3,861,770 shares of the real estate investment trust’s stock, valued at approximately $76,849,000. Equity Commonwealth accounts for about 1.8% of Weiss Asset Management LP’s portfolio, making the stock its 6th largest position.

Several other hedge funds have also modified their holdings of EQC. Price T Rowe Associates Inc. MD raised its position in shares of Equity Commonwealth by 9.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 57,631 shares of the real estate investment trust’s stock worth $1,089,000 after buying an additional 5,061 shares during the period. Manning & Napier Advisors LLC acquired a new stake in Equity Commonwealth during the second quarter worth about $3,463,000. Sequoia Financial Advisors LLC increased its stake in Equity Commonwealth by 5.1% during the second quarter. Sequoia Financial Advisors LLC now owns 34,779 shares of the real estate investment trust’s stock worth $675,000 after acquiring an additional 1,697 shares during the last quarter. Hunter Perkins Capital Management LLC raised its holdings in shares of Equity Commonwealth by 15.0% in the 2nd quarter. Hunter Perkins Capital Management LLC now owns 54,245 shares of the real estate investment trust’s stock worth $1,052,000 after purchasing an additional 7,063 shares during the period. Finally, Fullcircle Wealth LLC acquired a new position in shares of Equity Commonwealth in the 2nd quarter valued at about $814,000. 96.00% of the stock is owned by institutional investors and hedge funds.

Equity Commonwealth Trading Up 0.9 %

Shares of EQC stock opened at $20.33 on Friday. The company has a market cap of $2.18 billion, a PE ratio of 52.13 and a beta of 0.27. The company’s fifty day simple moving average is $19.95 and its 200-day simple moving average is $19.80. Equity Commonwealth has a 52 week low of $17.93 and a 52 week high of $21.00.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Equity Commonwealth from a “hold” rating to a “sell” rating in a report on Friday, October 25th.

About Equity Commonwealth

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.