Equity Commonwealth (NYSE:EQC) Holdings Raised by California Public Employees Retirement System

California Public Employees Retirement System raised its position in Equity Commonwealth (NYSE:EQC) by 6.6% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 401,870 shares of the real estate investment trust’s stock after acquiring an additional 24,873 shares during the period. California Public Employees Retirement System owned approximately 0.32% of Equity Commonwealth worth $12,217,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in EQC. DekaBank Deutsche Girozentrale bought a new stake in shares of Equity Commonwealth in the second quarter valued at $304,000. Prudential PLC bought a new stake in shares of Equity Commonwealth during the 2nd quarter valued at $329,000. Stevens Capital Management LP bought a new position in Equity Commonwealth in the 3rd quarter worth about $2,008,000. Micawber Capital LLC bought a new position in Equity Commonwealth in the 2nd quarter worth about $1,037,000. Finally, Martingale Asset Management L P increased its stake in Equity Commonwealth by 1,171.6% in the 2nd quarter. Martingale Asset Management L P now owns 545,599 shares of the real estate investment trust’s stock worth $17,242,000 after acquiring an additional 502,693 shares during the last quarter. 95.29% of the stock is currently owned by institutional investors.

EQC has been the subject of a number of research 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 target price on shares of Equity Commonwealth in a report on Thursday, September 21st.

Equity Commonwealth (NYSE:EQC) opened at $29.69 on Thursday. Equity Commonwealth has a 52-week low of $29.48 and a 52-week high of $32.51. The company has a debt-to-equity ratio of 0.27, a current ratio of 41.39 and a quick ratio of 41.39. The stock has a market capitalization of $3,680.00, a P/E ratio of 67.48 and a beta of 0.10.

Equity Commonwealth (NYSE:EQC) last issued its earnings results on Tuesday, October 24th. The real estate investment trust reported $0.19 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.05). The business had revenue of $77.80 million for 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% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.23 earnings per share. research analysts expect that Equity Commonwealth will post 0.9 earnings per share for the current fiscal 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.

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

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