GSA Capital Partners LLP Takes $2.42 Million Position in Equity Commonwealth (NYSE:EQC)

GSA Capital Partners LLP purchased a new position in shares of Equity Commonwealth (NYSE:EQC) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 121,622 shares of the real estate investment trust’s stock, valued at approximately $2,420,000.

Several other hedge funds have also recently modified their holdings of EQC. Burgundy Asset Management Ltd. boosted its holdings in Equity Commonwealth by 27.5% in the 1st quarter. Burgundy Asset Management Ltd. now owns 3,658,928 shares of the real estate investment trust’s stock valued at $69,081,000 after purchasing an additional 789,496 shares in the last quarter. Whitebox Advisors LLC purchased a new stake in shares of Equity Commonwealth in the first quarter valued at approximately $12,597,000. Boston Partners boosted its stake in shares of Equity Commonwealth by 299.1% in the first quarter. Boston Partners now owns 725,020 shares of the real estate investment trust’s stock valued at $13,686,000 after buying an additional 543,344 shares in the last quarter. Jupiter Asset Management Ltd. grew its holdings in Equity Commonwealth by 208.2% during the first quarter. Jupiter Asset Management Ltd. now owns 786,433 shares of the real estate investment trust’s stock worth $14,848,000 after acquiring an additional 531,224 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Equity Commonwealth in the second quarter worth $7,760,000. 96.00% of the stock is owned by institutional investors and hedge funds.

Equity Commonwealth Trading Down 0.2 %

EQC stock opened at $20.08 on Tuesday. The company’s 50-day moving average price is $19.95 and its 200 day moving average price is $19.68. Equity Commonwealth has a 52 week low of $17.93 and a 52 week high of $21.00. The company has a market cap of $2.16 billion, a P/E ratio of 51.49 and a beta of 0.27.

Analyst Upgrades and Downgrades

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

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.