Barclays PLC Significantly Increases Stake in Equity Commonwealth (NYSE: EQC)

Barclays PLC has made a notable move in the real estate investment trust sector by raising its stake in Equity Commonwealth (NYSE: EQC) by an impressive 250.5% during the third quarter. According to the latest filing with the SEC, Barclays now holds 415,187 shares of Equity Commonwealth after acquiring an additional 296,742 shares during this period. With this, Barclays holds approximately 0.39% of the company's equity, valued at around $8,263,000 as per the most recent filings.

In addition to Barclays, several other institutional investors have also been actively buying and selling shares of Equity Commonwealth. For instance, Weiss Asset Management LP made a significant purchase, acquiring a new stake worth $76,849,000 in the third quarter. Meanwhile, Indaba Capital Management L.P. increased its holdings by 74.1%, bringing its total shares to 4,700,000, valued at $93,530,000 after buying an additional 2,000,000 shares. Stonehill Capital Management LLC entered a new investment with an estimated value of about $13,035,000 during the same quarter. Furthermore, the Healthcare of Ontario Pension Plan Trust Fund purchased shares worth approximately $7,760,000 in the second quarter, and Whitebox Advisors LLC boosted its stake by 58.7%, now owning 1,059,000 shares valued at $20,545,000 after acquiring an additional 391,793 shares. Overall, institutional investors own a remarkable 96.00% of Equity Commonwealth’s stock.

Equity Commonwealth Stock Performance

The stock opened at $1.69 on Wednesday. The company has a 50-day simple moving average of $17.42 and a 200-day simple moving average of $18.95. Equity Commonwealth has a market capitalization of $180.86 million, with a price-to-earnings ratio of 4.32 and a beta of 0.27. Over the past year, the stock hit a low of $1.40 and peaked at $21.00.

Recent Analyst Ratings

In other news, analysts at StockNews.com recently adjusted their rating for Equity Commonwealth from “hold” to “sell” in a report released on October 25th.

About Equity Commonwealth

Equity Commonwealth (NYSE: EQC) is a real estate investment trust based in Chicago, specializing in commercial office properties in the United States. The company’s portfolio includes four properties that encompass a total of 1.5 million square feet.

Investors interested in updates regarding hedge fund transactions in EQC might explore additional resources available online.

Equity, Investment, Stake