Toronto Dominion Bank Reduces Holdings in Equity Commonwealth (NYSE:EQC)

Toronto Dominion Bank lessened its position in shares of Equity Commonwealth (NYSE:EQC) by 11.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,304 shares of the real estate investment trust’s stock after selling 2,273 shares during the period. Toronto Dominion Bank’s holdings in Equity Commonwealth were worth $476,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Synovus Financial Corp lifted its position in shares of Equity Commonwealth by 3.9% during the 3rd quarter. Synovus Financial Corp now owns 29,428 shares of the real estate investment trust’s stock valued at $765,000 after buying an additional 1,113 shares during the last quarter. Swiss National Bank lifted its position in shares of Equity Commonwealth by 0.4% during the 3rd quarter. Swiss National Bank now owns 269,300 shares of the real estate investment trust’s stock valued at $6,996,000 after buying an additional 1,200 shares during the last quarter. Los Angeles Capital Management LLC lifted its position in shares of Equity Commonwealth by 10.8% during the 3rd quarter. Los Angeles Capital Management LLC now owns 12,822 shares of the real estate investment trust’s stock valued at $333,000 after buying an additional 1,254 shares during the last quarter. Daiwa Securities Group Inc. lifted its position in shares of Equity Commonwealth by 6.0% during the 3rd quarter. Daiwa Securities Group Inc. now owns 32,185 shares of the real estate investment trust’s stock valued at $836,000 after buying an additional 1,810 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC lifted its position in shares of Equity Commonwealth by 1.1% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 1,585,712 shares of the real estate investment trust’s stock valued at $41,197,000 after buying an additional 16,798 shares during the last quarter. 94.64% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts recently issued reports on the company. Zacks Investment Research lowered Equity Commonwealth from a “hold” rating to a “strong sell” rating in a research note on Tuesday, December 7th. Bank of America lowered Equity Commonwealth from a “neutral” rating to an “underperform” rating and set a $28.00 price objective on the stock. in a research note on Monday, October 4th.

NYSE:EQC opened at $26.77 on Friday. Equity Commonwealth has a 52-week low of $25.03 and a 52-week high of $29.29. The firm has a market cap of $3.24 billion, a price-to-earnings ratio of -133.84 and a beta of 0.19. The business’s fifty day moving average is $25.92 and its 200 day moving average is $26.21.

Equity Commonwealth (NYSE:EQC) last announced its earnings results on Wednesday, October 27th. The real estate investment trust reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). The business had revenue of $13.88 million during the quarter, compared to the consensus estimate of $14.47 million. Equity Commonwealth had a negative return on equity of 0.53% and a negative net margin of 28.17%. Equity Commonwealth’s revenue was down 15.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.03 earnings per share. On average, sell-side analysts predict that Equity Commonwealth will post -0.07 EPS for the current fiscal year.

About Equity Commonwealth

Equity Commonwealth operates as an internally managed and self-advised real estate investment trust. It engages in the ownership and operation of office properties. The company was founded by Barry M. Portnoy on October 9, 1986 and is headquartered in Chicago, IL.

Recommended Story: What is the Consumer Price Index (CPI)?

Want to see what other hedge funds are holding EQC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Equity Commonwealth (NYSE:EQC).

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

Receive News & Ratings for Equity Commonwealth Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equity Commonwealth and related companies with MarketBeat.com's FREE daily email newsletter.