Fox Run Management L.L.C. acquired a new position in shares of Equity Commonwealth (NYSE:EQC) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 7,900 shares of the real estate investment trust’s stock, valued at approximately $240,000.
A number of other institutional investors have also recently made changes to their positions in EQC. The Manufacturers Life Insurance Company raised its position in Equity Commonwealth by 7.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,853 shares of the real estate investment trust’s stock worth $122,000 after buying an additional 275 shares during the last quarter. Blair William & Co. IL purchased a new position in Equity Commonwealth during the 2nd quarter worth $202,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Equity Commonwealth by 6.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,232 shares of the real estate investment trust’s stock worth $260,000 after buying an additional 463 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new position in Equity Commonwealth during the 2nd quarter worth $304,000. Finally, Teacher Retirement System of Texas raised its position in Equity Commonwealth by 3.2% during the 2nd quarter. Teacher Retirement System of Texas now owns 9,887 shares of the real estate investment trust’s stock worth $312,000 after buying an additional 310 shares during the last quarter. Institutional investors own 93.88% of the company’s stock.
Equity Commonwealth (NYSE:EQC) opened at $30.07 on Monday. The company has a market cap of $3,731.37, a price-to-earnings ratio of 31.00 and a beta of 0.09. The company has a debt-to-equity ratio of 0.27, a quick ratio of 41.39 and a current ratio of 41.39. Equity Commonwealth has a 12-month low of $28.33 and a 12-month high of $32.51.
Equity Commonwealth (NYSE:EQC) last announced its quarterly earnings results on Tuesday, October 24th. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.05). The company had revenue of $77.80 million during the quarter, compared to analysts’ expectations of $92.13 million. Equity Commonwealth had a net margin of 17.04% and a return on equity of 2.00%. The business’s revenue for the quarter was down 32.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.23 EPS. sell-side analysts expect that Equity Commonwealth will post 0.85 earnings per share for the current year.
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A number of brokerages have commented on EQC. Stifel Nicolaus restated a “hold” rating and set a $33.00 price objective on shares of Equity Commonwealth in a research report on Friday, July 28th. Zacks Investment Research downgraded shares of Equity Commonwealth from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 27th.
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 August 14, 2017, the Company’s portfolio included 20 properties and 11 million square feet.
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