Yakira Capital Management Inc. Boosts Stake in Equity Commonwealth (NYSE:EQC)

Yakira Capital Management Inc. lifted its holdings in shares of Equity Commonwealth (NYSE:EQC) by 1,577.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 858,859 shares of the real estate investment trust’s stock after purchasing an additional 807,659 shares during the quarter. Yakira Capital Management Inc. owned about 0.80% of Equity Commonwealth worth $1,520,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. First Affirmative Financial Network lifted its position in Equity Commonwealth by 117.0% in the fourth quarter. First Affirmative Financial Network now owns 24,831 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 13,389 shares during the last quarter. DGS Capital Management LLC acquired a new position in shares of Equity Commonwealth in the 4th quarter worth approximately $53,000. Raymond James Financial Inc. purchased a new position in shares of Equity Commonwealth during the 4th quarter worth approximately $58,000. Ullmann Wealth Partners Group LLC acquired a new stake in Equity Commonwealth in the 4th quarter valued at approximately $68,000. Finally, Resona Asset Management Co. Ltd. acquired a new stake in Equity Commonwealth in the 4th quarter valued at approximately $75,000. 96.00% of the stock is owned by institutional investors and hedge funds.

Equity Commonwealth Stock Down 0.3 %

NYSE:EQC opened at $1.60 on Friday. Equity Commonwealth has a 52 week low of $1.40 and a 52 week high of $21.00. The stock’s fifty day moving average is $1.66 and its two-hundred day moving average is $9.10. The stock has a market capitalization of $171.34 million, a price-to-earnings ratio of 4.09 and a beta of 0.57.

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.