TCW Group Inc. Invests $397,000 in Equity Commonwealth (NYSE:EQC) Stock

TCW Group Inc. acquired a new position in Equity Commonwealth (NYSE:EQC) in the 1st quarter, HoldingsChannel.com reports. The fund acquired 12,153 shares of the real estate investment trust’s stock, valued at approximately $397,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc boosted its holdings in Equity Commonwealth by 2.4% in the third quarter. Vanguard Group Inc now owns 18,189,989 shares of the real estate investment trust’s stock worth $583,717,000 after acquiring an additional 419,945 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Equity Commonwealth by 1.7% during the fourth quarter. BlackRock Inc. now owns 8,766,796 shares of the real estate investment trust’s stock valued at $263,091,000 after purchasing an additional 144,422 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Equity Commonwealth by 3.9% during the fourth quarter. Northern Trust Corp now owns 2,145,981 shares of the real estate investment trust’s stock valued at $64,400,000 after purchasing an additional 80,812 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Equity Commonwealth by 0.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,961,131 shares of the real estate investment trust’s stock valued at $58,853,000 after purchasing an additional 5,122 shares in the last quarter. Finally, Segall Bryant & Hamill LLC lifted its holdings in shares of Equity Commonwealth by 28.6% during the fourth quarter. Segall Bryant & Hamill LLC now owns 1,543,212 shares of the real estate investment trust’s stock valued at $46,312,000 after purchasing an additional 342,979 shares in the last quarter. 96.87% of the stock is owned by institutional investors.

A number of research analysts have recently issued reports on EQC shares. TheStreet raised Equity Commonwealth from a “c+” rating to a “b” rating in a report on Tuesday, April 30th. Zacks Investment Research downgraded Equity Commonwealth from a “buy” rating to a “hold” rating in a report on Monday, June 3rd. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $34.00.

Equity Commonwealth stock opened at $33.85 on Friday. The firm has a market cap of $4.13 billion, a P/E ratio of 49.06 and a beta of 0.26. The company has a debt-to-equity ratio of 0.08, a current ratio of 73.38 and a quick ratio of 73.38. Equity Commonwealth has a one year low of $28.48 and a one year high of $33.85.

Equity Commonwealth (NYSE:EQC) last posted its quarterly earnings data on Monday, April 29th. The real estate investment trust reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.03. The company had revenue of $41.75 million during the quarter, compared to analysts’ expectations of $36.17 million. Equity Commonwealth had a return on equity of 9.31% and a net margin of 164.13%. Equity Commonwealth’s revenue for the quarter was down 28.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.14 earnings per share. As a group, research analysts anticipate that Equity Commonwealth will post 0.61 earnings per share for the current year.

In related news, CFO Adam Scott Markman sold 12,500 shares of the company’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $31.96, for a total transaction of $399,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.60% of the stock is currently owned by corporate insiders.

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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. As of December 31, 2018, EQC's portfolio comprised 10 properties and 5.1 million square feet.

See Also: Bid-Ask Spread

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

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