New Mexico Educational Retirement Board held its position in Equity Commonwealth (NYSE:EQC) during the second quarter, according to its most recent filing with the SEC. The firm owned 17,210 shares of the real estate investment trust’s stock at the end of the second quarter. New Mexico Educational Retirement Board’s holdings in Equity Commonwealth were worth $543,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Sei Investments Co. raised its stake in shares of Equity Commonwealth by 6.2% in the first quarter. Sei Investments Co. now owns 890,494 shares of the real estate investment trust’s stock valued at $27,801,000 after buying an additional 52,148 shares during the last quarter. Karp Capital Management Corp purchased a new stake in shares of Equity Commonwealth during the first quarter valued at approximately $1,417,000. Teza Capital Management LLC purchased a new stake in shares of Equity Commonwealth during the first quarter valued at approximately $341,000. UBS Asset Management Americas Inc. raised its stake in shares of Equity Commonwealth by 2.2% in the first quarter. UBS Asset Management Americas Inc. now owns 424,520 shares of the real estate investment trust’s stock valued at $13,254,000 after buying an additional 9,235 shares during the last quarter. Finally, Swiss National Bank raised its stake in shares of Equity Commonwealth by 0.6% in the first quarter. Swiss National Bank now owns 197,300 shares of the real estate investment trust’s stock valued at $6,160,000 after buying an additional 1,200 shares during the last quarter. Hedge funds and other institutional investors own 93.36% of the company’s stock.
Shares of Equity Commonwealth (EQC) opened at 30.44 on Friday. The company has a market cap of $3.78 billion, a price-to-earnings ratio of 35.31 and a beta of 0.08. The firm’s 50-day moving average price is $31.35 and its 200 day moving average price is $31.38. Equity Commonwealth has a 12-month low of $28.04 and a 12-month high of $32.51.
Equity Commonwealth (NYSE:EQC) last issued its earnings results on Monday, July 24th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.27 by $0.05. The firm had revenue of $91.60 million during the quarter, compared to analysts’ expectations of $98.55 million. Equity Commonwealth had a return on equity of 3.69% and a net margin of 28.50%. The business’s revenue was down 37.0% on a year-over-year basis. During the same quarter last year, the business earned $0.42 EPS. On average, analysts predict that Equity Commonwealth will post $0.19 earnings per share for the current year.
Several analysts recently commented on EQC shares. Zacks Investment Research raised Equity Commonwealth from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a report on Monday, May 8th. BidaskClub lowered Equity Commonwealth from a “sell” rating to a “strong sell” rating in a report on Saturday, July 8th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $33.00 price objective on shares of Equity Commonwealth in a report on Friday, July 28th. Two analysts have rated the stock with a sell rating and three have given a hold rating to the company. Equity Commonwealth currently has a consensus rating of “Hold” and a consensus price target of $32.75.
Equity Commonwealth Company Profile
Equity Commonwealth is an internally managed and self-advised real estate investment trust. The Company is engaged in the ownership and operation primarily of office buildings across the United States. The Company conducts its activities primarily through EQC Operating Trust (the Operating Trust). As of December 31, 2016, the Company’s portfolio included 33 properties, one land parcel and one property taken out of a service, classified as a land parcel, with a combined 16.1 million square feet.
What are top analysts saying about Equity Commonwealth? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Equity Commonwealth and related companies.