First Affirmative Financial Network Raises Stake in Equity Commonwealth (NYSE:EQC)

First Affirmative Financial Network grew its holdings in shares of Equity Commonwealth (NYSE:EQC) by 117.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 24,831 shares of the real estate investment trust’s stock after acquiring an additional 13,389 shares during the quarter. First Affirmative Financial Network’s holdings in Equity Commonwealth were worth $44,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Weiss Asset Management LP purchased a new position in Equity Commonwealth in the 3rd quarter worth $76,849,000. Indaba Capital Management L.P. lifted its stake in shares of Equity Commonwealth by 74.1% in the 3rd quarter. Indaba Capital Management L.P. now owns 4,700,000 shares of the real estate investment trust’s stock valued at $93,530,000 after acquiring an additional 2,000,000 shares during the last quarter. Stonehill Capital Management LLC purchased a new stake in Equity Commonwealth during the 3rd quarter valued at about $13,035,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Equity Commonwealth during the 2nd quarter worth approximately $7,760,000. Finally, Barclays PLC increased its stake in 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 purchasing an additional 296,742 shares during the period. 96.00% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Equity Commonwealth Trading Down 0.9 %

Shares of NYSE:EQC opened at $1.72 on Friday. The company has a market cap of $184.08 million, a price-to-earnings ratio of 4.40 and a beta of 0.48. Equity Commonwealth has a 12 month low of $1.40 and a 12 month high of $21.00. The company has a 50-day moving average price of $5.80 and a 200-day moving average price of $15.06.

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.