Stonehill Capital Management LLC Takes Position in Equity Commonwealth (NYSE:EQC)

Stonehill Capital Management LLC bought a new stake in shares of Equity Commonwealth (NYSE:EQC - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 655,007 shares of the real estate investment trust's stock, valued at approximately $13,035,000. Equity Commonwealth makes up approximately 7.8% of Stonehill Capital Management LLC's holdings, making the stock its 4th largest holding. Stonehill Capital Management LLC owned 0.61% of Equity Commonwealth at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in Equity Commonwealth during the 2nd quarter valued at about $27,000. CWM LLC boosted its position in shares of Equity Commonwealth by 29.3% in the 3rd quarter. CWM LLC now owns 3,097 shares of the real estate investment trust's stock worth $62,000 after purchasing an additional 701 shares during the last quarter. Van ECK Associates Corp grew its position in shares of Equity Commonwealth by 25.6% during the 3rd quarter. Van ECK Associates Corp now owns 3,103 shares of the real estate investment trust's stock worth $61,000 after buying an additional 632 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in Equity Commonwealth by 35.2% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,165 shares of the real estate investment trust's stock valued at $83,000 after purchasing an additional 1,084 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of Equity Commonwealth by 459.8% in the 3rd quarter. Blue Trust Inc. now owns 4,551 shares of the real estate investment trust's stock valued at $88,000 after buying an additional 3,738 shares during the period. 96.00% of the stock is owned by institutional investors.

Equity Commonwealth Trading Up 0.9 %

Shares of NYSE EQC traded up $0.18 during midday trading on Thursday, reaching $20.33. The company's stock had a trading volume of 4,135,038 shares, compared to its average volume of 1,203,411. The stock has a 50 day simple moving average of $19.94 and a 200-day simple moving average of $19.80. Equity Commonwealth has a fifty-two week low of $17.93 and a fifty-two week high of $21.00. The stock has a market capitalization of $2.18 billion, a price-to-earnings ratio of 51.64 and a beta of 0.27.

Wall Street Analysts Forecast Growth

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

Equity Commonwealth Company 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.