Los Angeles Capital Management & Equity Research Inc. Has $1.19 Million Holdings in Equity Commonwealth (EQC)

Los Angeles Capital Management & Equity Research Inc. decreased its stake in shares of Equity Commonwealth (NYSE:EQC) by 74.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,643 shares of the real estate investment trust’s stock after selling 113,860 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in Equity Commonwealth were worth $1,190,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Mackenzie Financial Corp boosted its stake in shares of Equity Commonwealth by 1.2% during the 4th quarter. Mackenzie Financial Corp now owns 34,135 shares of the real estate investment trust’s stock valued at $1,024,000 after purchasing an additional 400 shares in the last quarter. Neuberger Berman Group LLC boosted its stake in shares of Equity Commonwealth by 7.6% during the 3rd quarter. Neuberger Berman Group LLC now owns 9,669 shares of the real estate investment trust’s stock valued at $310,000 after purchasing an additional 683 shares in the last quarter. Teton Advisors Inc. boosted its stake in shares of Equity Commonwealth by 10.0% during the 4th quarter. Teton Advisors Inc. now owns 9,900 shares of the real estate investment trust’s stock valued at $297,000 after purchasing an additional 900 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of Equity Commonwealth by 4.9% during the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 21,470 shares of the real estate investment trust’s stock valued at $633,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its stake in Equity Commonwealth by 2.2% during the third quarter. Nomura Asset Management Co. Ltd. now owns 75,780 shares of the real estate investment trust’s stock worth $2,432,000 after acquiring an additional 1,630 shares in the last quarter. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE EQC opened at $32.91 on Monday. The company has a market capitalization of $3.99 billion, a PE ratio of 47.70 and a beta of 0.38. Equity Commonwealth has a 52-week low of $28.48 and a 52-week high of $33.13. The company has a debt-to-equity ratio of 0.09, a quick ratio of 43.37 and a current ratio of 43.37.

Equity Commonwealth (NYSE:EQC) last issued its earnings results on Wednesday, February 13th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.05. The firm had revenue of $42.93 million for the quarter, compared to the consensus estimate of $44.62 million. Equity Commonwealth had a net margin of 138.47% and a return on equity of 8.58%. The business’s revenue was down 40.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.19 earnings per share. On average, research analysts anticipate that Equity Commonwealth will post 0.47 earnings per share for the current year.

In other news, Director James Lloyd Lozier, Jr. sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $32.46, for a total transaction of $194,760.00. Following the completion of the transaction, the director now directly owns 11,984 shares of the company’s stock, valued at $389,000.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.30% of the company’s stock.

Separately, Zacks Investment Research upgraded shares of Equity Commonwealth from a “sell” rating to a “hold” rating in a research note on Tuesday, December 4th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $33.75.

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Equity Commonwealth Company Profile

Equity Commonwealth (NYSE: EQC) is a Chicago based, internally managed and self-advised real estate investment trust (REIT) with commercial office properties in the United States. As of December 31, 2018, EQC's portfolio comprised 10 properties and 5.1 million square feet.

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

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