Equity Commonwealth (EQC) Stake Held by Rothschild Investment Corp IL

Rothschild Investment Corp IL held its position in shares of Equity Commonwealth (NYSE:EQC) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,200 shares of the real estate investment trust’s stock at the end of the second quarter. Rothschild Investment Corp IL’s holdings in Equity Commonwealth were worth $480,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the stock. New York State Teachers Retirement System raised its stake in Equity Commonwealth by 0.9% in the fourth quarter. New York State Teachers Retirement System now owns 10,800 shares of the real estate investment trust’s stock valued at $327,000 after buying an additional 100 shares during the period. Metropolitan Life Insurance Co. NY increased its position in Equity Commonwealth by 1.8% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 10,378 shares of the real estate investment trust’s stock worth $314,000 after buying an additional 184 shares during the period. Norges Bank acquired a new position in Equity Commonwealth during the fourth quarter worth approximately $36,835,000. UBS Asset Management Americas Inc. increased its position in shares of Equity Commonwealth by 69.8% in the fourth quarter. UBS Asset Management Americas Inc. now owns 415,285 shares of the real estate investment trust’s stock worth $12,558,000 after buying an additional 170,767 shares during the last quarter. Finally, Teachers Advisors LLC increased its position in shares of Equity Commonwealth by 3.5% in the fourth quarter. Teachers Advisors LLC now owns 921,736 shares of the real estate investment trust’s stock worth $27,873,000 after buying an additional 30,822 shares during the last quarter. Institutional investors and hedge funds own 93.60% of the company’s stock.

Equity Commonwealth (NYSE EQC) traded down 0.03% during trading on Friday, hitting $31.09. The stock had a trading volume of 247,292 shares. Equity Commonwealth has a 12-month low of $28.04 and a 12-month high of $32.51. The company has a market cap of $3.86 billion, a P/E ratio of 36.07 and a beta of 0.08. The company has a 50 day moving average of $31.70 and a 200-day moving average of $31.42.

Equity Commonwealth (NYSE:EQC) last posted its quarterly earnings results on Monday, July 24th. The real estate investment trust reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.27 by $0.05. The business had revenue of $91.60 million for the quarter, compared to analyst estimates of $98.55 million. Equity Commonwealth had a net margin of 28.50% and a return on equity of 3.69%. The firm’s quarterly revenue was down 37.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.42 earnings per share. On average, equities analysts predict that Equity Commonwealth will post $0.19 EPS for the current year.

Several analysts have commented on the stock. Zacks Investment Research cut shares of Equity Commonwealth from a “buy” rating to a “hold” rating in a research note on Wednesday, April 19th. BidaskClub raised shares of Equity Commonwealth from a “strong sell” rating to a “sell” rating in a research report on Thursday, June 15th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $33.00 target price on shares of Equity Commonwealth in a research report on Friday, July 28th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $32.75.

Equity Commonwealth Company 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 December 31, 2016, the Company’s portfolio included 33 properties, one land parcel and one property taken out of a service, classified as a land parcel, with a combined 16.1 million square feet.