Nisa Investment Advisors LLC continued to hold 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 16,300 shares of the real estate investment trust’s stock at the end of the second quarter. Nisa Investment Advisors LLC’s holdings in Equity Commonwealth were worth $510,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. SG Americas Securities LLC increased its position in shares of Equity Commonwealth by 39.8% in the first quarter. SG Americas Securities LLC now owns 7,212 shares of the real estate investment trust’s stock worth $225,000 after buying an additional 2,052 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Equity Commonwealth by 5.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,769 shares of the real estate investment trust’s stock worth $243,000 after buying an additional 433 shares during the period. US Bancorp DE increased its position in shares of Equity Commonwealth by 6.2% in the first quarter. US Bancorp DE now owns 9,425 shares of the real estate investment trust’s stock worth $294,000 after buying an additional 551 shares during the period. TLP Group LLC bought a new position in shares of Equity Commonwealth during the first quarter worth about $297,000. Finally, Metropolitan Life Insurance Co. NY increased its position in shares of 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. Institutional investors own 93.19% of the company’s stock.
Equity Commonwealth (NYSE EQC) traded down 0.20% on Thursday, reaching $30.61. The company had a trading volume of 112,202 shares. The stock has a market capitalization of $3.80 billion, a P/E ratio of 35.51 and a beta of 0.08. The stock’s 50 day moving average is $31.57 and its 200-day moving average is $31.42. Equity Commonwealth has a 1-year low of $28.04 and a 1-year high of $32.51.
Equity Commonwealth (NYSE:EQC) last issued its quarterly earnings data on Monday, July 24th. The real estate investment trust reported $0.22 EPS for the quarter, missing the consensus estimate of $0.27 by $0.05. Equity Commonwealth had a net margin of 28.50% and a return on equity of 3.69%. The business had revenue of $91.60 million during the quarter, compared to analyst estimates of $98.55 million. During the same period in the previous year, the business posted $0.42 earnings per share. The firm’s revenue for the quarter was down 37.0% on a year-over-year basis. On average, equities analysts predict that Equity Commonwealth will post $0.19 EPS for the current fiscal year.
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A number of research analysts recently issued reports on the company. Zacks Investment Research upgraded Equity Commonwealth from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a research note on Monday, May 8th. BidaskClub upgraded Equity Commonwealth from a “strong sell” rating to a “sell” rating in a research note on Thursday, June 15th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $33.00 price objective on shares of Equity Commonwealth in a research note on Friday, July 28th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. Equity Commonwealth has an average 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.
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