Equity Comwlth (EQC) Holding Held by Mangrove Partners

October 2, 2018 - By Hazel Jackson

Equity Commonwealth (NYSE:EQC) Logo

Mangrove Partners increased its stake in Equity Comwlth (EQC) by 628.88% based on its latest 2018Q2 regulatory filing with the SEC. Mangrove Partners bought 1.45 million shares as the company’s stock rose 4.94% with the market. The hedge fund held 1.68M shares of the real estate investment trusts company at the end of 2018Q2, valued at $52.85M, up from 230,200 at the end of the previous reported quarter. Mangrove Partners who had been investing in Equity Comwlth for a number of months, seems to be bullish on the $3.93B market cap company. The stock increased 0.53% or $0.17 during the last trading session, reaching $32.33. About 500,798 shares traded. Equity Commonwealth (NYSE:EQC) has risen 3.72% since October 2, 2017 and is uptrending. It has underperformed by 11.90% the S&P500.

Another recent and important Equity Commonwealth (NYSE:EQC) news was published by Seekingalpha.com which published an article titled: “Equity Commonwealth Cum Conv Pfd Shs Series D declares $0.40625 dividend” on September 26, 2018.

Equity Commonwealth (NYSE:EQC) Ratings Coverage

Among 3 analysts covering Equity Commonwealth (NYSE:EQC), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Equity Commonwealth had 3 analyst reports since May 8, 2018 according to SRatingsIntel. The rating was maintained by Citigroup on Thursday, August 9 with “Neutral”. The firm earned “Hold” rating on Wednesday, August 1 by Stifel Nicolaus. JMP Securities maintained Equity Commonwealth (NYSE:EQC) rating on Tuesday, May 8. JMP Securities has “Market Outperform” rating and $34 target.

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