Equity Commonwealth (EQC) Position Lessened by Rhumbline Advisers

Rhumbline Advisers lessened its holdings in Equity Commonwealth (NYSE:EQC) by 6.4% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 141,834 shares of the real estate investment trust’s stock after selling 9,771 shares during the period. Rhumbline Advisers owned 0.11% of Equity Commonwealth worth $4,312,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Bessemer Group Inc. raised its position in shares of Equity Commonwealth by 67.1% in the third quarter. Bessemer Group Inc. now owns 822,182 shares of the real estate investment trust’s stock worth $24,994,000 after buying an additional 330,213 shares in the last quarter. Micawber Capital LLC raised its position in Equity Commonwealth by 30.0% during the third quarter. Micawber Capital LLC now owns 42,666 shares of the real estate investment trust’s stock valued at $1,297,000 after purchasing an additional 9,846 shares in the last quarter. Stevens Capital Management LP purchased a new stake in Equity Commonwealth during the third quarter valued at about $2,008,000. Lee Danner & Bass Inc. purchased a new stake in Equity Commonwealth during the third quarter valued at about $8,710,000. Finally, Honeywell International Inc. raised its position in Equity Commonwealth by 27.7% during the third quarter. Honeywell International Inc. now owns 50,640 shares of the real estate investment trust’s stock valued at $1,539,000 after purchasing an additional 11,000 shares in the last quarter. Institutional investors own 95.29% of the company’s stock.

Shares of Equity Commonwealth (EQC) traded up $0.16 during trading hours on Tuesday, hitting $30.36. The stock had a trading volume of 530,800 shares, compared to its average volume of 579,027. Equity Commonwealth has a 52-week low of $28.72 and a 52-week high of $32.51. The company has a market capitalization of $3,747.50, a PE ratio of 31.13 and a beta of 0.10. The company has a quick ratio of 41.39, a current ratio of 41.39 and a debt-to-equity ratio of 0.27.

Equity Commonwealth (NYSE:EQC) last announced its quarterly earnings data 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). Equity Commonwealth had a net margin of 17.04% and a return on equity of 2.00%. The company had revenue of $77.80 million for the quarter, compared to the consensus estimate of $92.13 million. During the same period last year, the business posted $0.23 earnings per share. The firm’s quarterly revenue was down 32.1% compared to the same quarter last year. research analysts expect that Equity Commonwealth will post 0.9 EPS for the current fiscal year.

EQC has been the topic of a number of recent research reports. Stifel Nicolaus reaffirmed a “hold” rating and set a $33.00 price objective on shares of Equity Commonwealth in a research note on Thursday, September 21st. Zacks Investment Research raised Equity Commonwealth from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 4th.

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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.

Institutional Ownership by Quarter for Equity Commonwealth (NYSE:EQC)

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