Sei Investments Co. reduced its stake in shares of Equity Commonwealth (NYSE:EQC) by 1.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 919,019 shares of the real estate investment trust’s stock after selling 12,006 shares during the quarter. Sei Investments Co. owned 0.74% of Equity Commonwealth worth $27,938,000 as of its most recent filing with the SEC.
Other large investors also recently made changes to their positions in the company. The Manufacturers Life Insurance Company raised its holdings in shares of 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 valued at $122,000 after buying an additional 275 shares during the period. Blair William & Co. IL purchased a new stake in shares of Equity Commonwealth during the 2nd quarter valued at about $202,000. Fox Run Management L.L.C. purchased a new stake in shares of Equity Commonwealth during the 3rd quarter valued at about $240,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of 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 valued at $260,000 after buying an additional 463 shares during the period. Finally, DekaBank Deutsche Girozentrale purchased a new stake in shares of Equity Commonwealth during the 2nd quarter valued at about $304,000. Institutional investors and hedge funds own 93.88% of the company’s stock.
EQC has been the topic of several analyst reports. Zacks Investment Research upgraded Equity Commonwealth from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 4th. Stifel Nicolaus restated a “hold” rating and set a $33.00 price objective on shares of Equity Commonwealth in a research note on Thursday, September 21st.
Shares of Equity Commonwealth (NYSE:EQC) traded up $0.06 during midday trading on Friday, reaching $30.37. The company’s stock had a trading volume of 534,300 shares, compared to its average volume of 578,553. Equity Commonwealth has a 12-month low of $28.33 and a 12-month high of $32.51. The company has a current ratio of 41.39, a quick ratio of 41.39 and a debt-to-equity ratio of 0.27. The firm has a market cap of $3,768.58, a price-to-earnings ratio of 31.31 and a beta of 0.09.
Equity Commonwealth (NYSE:EQC) last issued its quarterly earnings data on Tuesday, October 24th. The real estate investment trust reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.05). Equity Commonwealth had a net margin of 42.71% and a return on equity of 3.93%. The business had revenue of $77.80 million for the quarter, compared to analyst estimates of $92.13 million. During the same quarter last year, the business earned $0.23 EPS. Equity Commonwealth’s revenue for the quarter was down 32.1% compared to the same quarter last year. equities analysts anticipate that Equity Commonwealth will post 0.85 EPS for the current year.
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About Equity Commonwealth
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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