HGI Capital Management LLC Acquires New Shares in Equity Commonwealth (NYSE:EQC)

HGI Capital Management LLC acquired a new stake in Equity Commonwealth (NYSE:EQC) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 125,178 shares of the real estate investment trust’s stock, valued at approximately $2,403,000. Equity Commonwealth makes up about 2.7% of HGI Capital Management LLC’s holdings, making the stock its 17th biggest holding. HGI Capital Management LLC owned approximately 0.12% of Equity Commonwealth at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Equity Commonwealth during the fourth quarter worth about $16,834,000. DigitalBridge Group Inc. bought a new position in shares of Equity Commonwealth during the third quarter worth about $12,689,000. Vaughan Nelson Investment Management L.P. raised its position in shares of Equity Commonwealth by 29.9% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,562,960 shares of the real estate investment trust’s stock worth $28,711,000 after acquiring an additional 359,975 shares during the last quarter. Stansberry Asset Management LLC bought a new position in shares of Equity Commonwealth during the third quarter worth about $5,608,000. Finally, Jacobs Levy Equity Management Inc. raised its position in shares of Equity Commonwealth by 33.8% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,147,825 shares of the real estate investment trust’s stock worth $21,086,000 after acquiring an additional 289,932 shares during the last quarter. 96.00% of the stock is currently owned by institutional investors.

Equity Commonwealth Stock Performance

Shares of EQC traded down $0.44 during mid-day trading on Friday, reaching $18.97. 821,438 shares of the company were exchanged, compared to its average volume of 839,789. The business has a 50 day simple moving average of $18.99 and a two-hundred day simple moving average of $19.02. Equity Commonwealth has a 52 week low of $17.93 and a 52 week high of $21.49. The stock has a market capitalization of $2.04 billion, a PE ratio of 24.01 and a beta of 0.27.

About Equity Commonwealth

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.