Equity Commonwealth (EQC) Stake Lessened by Kempen Capital Management N.V.

Kempen Capital Management N.V. decreased its holdings in Equity Commonwealth (NYSE:EQC) by 23.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 107,230 shares of the real estate investment trust’s stock after selling 32,223 shares during the period. Kempen Capital Management N.V. owned approximately 0.09% of Equity Commonwealth worth $3,389,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Equity Commonwealth by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 19,523,422 shares of the real estate investment trust’s stock valued at $609,521,000 after purchasing an additional 437,729 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Equity Commonwealth by 0.7% during the 2nd quarter. BlackRock Inc. now owns 8,117,156 shares of the real estate investment trust’s stock valued at $256,504,000 after acquiring an additional 58,556 shares in the last quarter. State Street Corp boosted its holdings in shares of Equity Commonwealth by 0.7% during the 1st quarter. State Street Corp now owns 3,894,669 shares of the real estate investment trust’s stock valued at $121,591,000 after acquiring an additional 27,686 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Equity Commonwealth by 40.0% during the 1st quarter. Victory Capital Management Inc. now owns 3,573,151 shares of the real estate investment trust’s stock valued at $111,554,000 after acquiring an additional 1,020,785 shares in the last quarter. Finally, Artisan Partners Limited Partnership acquired a new stake in shares of Equity Commonwealth during the 1st quarter valued at $90,341,000. Institutional investors own 93.96% of the company’s stock.

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EQC has been the topic of several recent research reports. BidaskClub downgraded Equity Commonwealth from a “sell” rating to a “strong sell” rating in a report on Saturday, July 8th. Stifel Nicolaus reissued a “hold” rating and set a $33.00 price objective on shares of Equity Commonwealth in a report on Friday, July 28th. Finally, Zacks Investment Research downgraded Equity Commonwealth from a “hold” rating to a “strong sell” rating in a report on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $33.33.

Equity Commonwealth (EQC) traded down 0.10% during midday trading on Monday, hitting $30.72. The company had a trading volume of 85,845 shares. The firm has a market capitalization of $3.81 billion, a P/E ratio of 35.64 and a beta of 0.13. Equity Commonwealth has a 52 week low of $28.04 and a 52 week high of $32.51. The firm’s 50 day moving average is $30.76 and its 200-day moving average is $31.32.

Equity Commonwealth (NYSE:EQC) last released its earnings results on Monday, July 24th. The real estate investment trust reported $0.22 EPS for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.05). The firm had revenue of $91.60 million during the quarter, compared to the consensus estimate of $98.55 million. Equity Commonwealth had a net margin of 28.50% and a return on equity of 3.69%. The firm’s revenue was down 37.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.42 EPS. On average, equities research analysts expect that Equity Commonwealth will post $0.19 EPS for the current fiscal year.

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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