66,066 Shares in Equity Commonwealth (EQC) Purchased by Stevens Capital Management LP

Stevens Capital Management LP bought a new position in shares of Equity Commonwealth (NYSE:EQC) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 66,066 shares of the real estate investment trust’s stock, valued at approximately $2,008,000. Stevens Capital Management LP owned about 0.05% of Equity Commonwealth as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company lifted its holdings in Equity Commonwealth by 7.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,853 shares of the real estate investment trust’s stock worth $122,000 after buying an additional 275 shares during the last quarter. Blair William & Co. IL bought a new stake in shares of Equity Commonwealth in the 2nd quarter worth approximately $202,000. Fox Run Management L.L.C. bought a new stake in shares of Equity Commonwealth in the 3rd quarter worth approximately $240,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Equity Commonwealth by 6.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,232 shares of the real estate investment trust’s stock worth $260,000 after purchasing an additional 463 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new stake in shares of Equity Commonwealth in the 2nd quarter worth approximately $304,000. 93.88% of the stock is currently owned by institutional investors.

Shares of Equity Commonwealth (EQC) opened at $30.37 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 41.39 and a current ratio of 41.39. The firm has a market capitalization of $3,768.58, a price-to-earnings ratio of 31.31 and a beta of 0.09. Equity Commonwealth has a 12 month low of $28.33 and a 12 month high of $32.51.

Equity Commonwealth (NYSE:EQC) last announced its earnings results on Tuesday, October 24th. The real estate investment trust reported $0.19 earnings per share 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 the consensus estimate of $92.13 million. Equity Commonwealth had a net margin of 17.04% and a return on equity of 2.00%. The firm’s revenue was down 32.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.23 EPS. equities research analysts expect that Equity Commonwealth will post 0.85 earnings per share for the current fiscal year.

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EQC has been the topic of several recent research reports. Zacks Investment Research downgraded Equity Commonwealth from a “hold” rating to a “strong sell” rating in a report on Thursday, July 27th. Stifel Nicolaus reissued a “hold” rating and issued a $33.00 price target on shares of Equity Commonwealth in a report on Friday, July 28th.

Equity Commonwealth 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 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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