Cipher Capital LP trimmed its position in shares of Equity Commonwealth (NYSE:EQC) by 35.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 131,491 shares of the real estate investment trust’s stock after selling 72,940 shares during the period. Cipher Capital LP owned about 0.11% of Equity Commonwealth worth $3,997,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of EQC. The Manufacturers Life Insurance Company grew its holdings 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 valued at $122,000 after purchasing an additional 275 shares during the last quarter. Blair William & Co. IL bought a new position in Equity Commonwealth during the 2nd quarter valued at about $202,000. Fox Run Management L.L.C. bought a new position in Equity Commonwealth during the 3rd quarter valued at about $240,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings 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 valued at $260,000 after purchasing an additional 463 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings in Equity Commonwealth by 33.7% during the 3rd quarter. SG Americas Securities LLC now owns 9,087 shares of the real estate investment trust’s stock valued at $276,000 after purchasing an additional 2,292 shares during the last quarter. Institutional investors own 95.29% of the company’s stock.
Several research firms have issued reports on EQC. Stifel Nicolaus reissued a “hold” rating and issued a $33.00 price objective on shares of Equity Commonwealth in a research report on Thursday, September 21st. Zacks Investment Research raised shares of Equity Commonwealth from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 4th.
Equity Commonwealth (EQC) traded up $0.16 during trading on Monday, reaching $30.36. 530,844 shares of the company’s stock traded hands, compared to its average volume of 579,027. The stock has a market cap of $3,747.50, a PE ratio of 31.13 and a beta of 0.10. 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 $28.72 and a 12 month high of $32.51.
Equity Commonwealth (NYSE:EQC) last released 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 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%. Equity Commonwealth’s quarterly revenue was down 32.1% on a year-over-year basis. During the same period last year, the firm earned $0.23 earnings per share. research analysts predict that Equity Commonwealth will post 0.9 earnings per share for the current year.
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Equity Commonwealth 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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