Arrowstreet Capital Limited Partnership Grows Stake in Equity Commonwealth (EQC)

Arrowstreet Capital Limited Partnership grew its holdings in Equity Commonwealth (NYSE:EQC) by 31.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 739,416 shares of the real estate investment trust’s stock after purchasing an additional 177,347 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.60% of Equity Commonwealth worth $23,366,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in EQC. US Bancorp DE grew 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 valued at $294,000 after purchasing an additional 551 shares during the last quarter. UBS Asset Management Americas Inc. grew its position in shares of Equity Commonwealth by 2.2% in the first quarter. UBS Asset Management Americas Inc. now owns 424,520 shares of the real estate investment trust’s stock valued at $13,254,000 after purchasing an additional 9,235 shares during the last quarter. Prudential Financial Inc. grew its position in shares of Equity Commonwealth by 402.1% in the first quarter. Prudential Financial Inc. now owns 39,209 shares of the real estate investment trust’s stock valued at $1,224,000 after purchasing an additional 31,400 shares during the last quarter. SG Americas Securities LLC grew 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 valued at $225,000 after purchasing an additional 2,052 shares during the last quarter. Finally, Neuberger Berman Group LLC grew its position in shares of Equity Commonwealth by 2.6% in the first quarter. Neuberger Berman Group LLC now owns 37,484 shares of the real estate investment trust’s stock valued at $1,170,000 after purchasing an additional 950 shares during the last quarter. Institutional investors and hedge funds own 94.08% of the company’s stock.

Equity Commonwealth (NYSE:EQC) traded up 0.13% during mid-day trading on Wednesday, hitting $30.58. 70,797 shares of the stock traded hands. Equity Commonwealth has a 12-month low of $28.04 and a 12-month high of $32.51. The stock has a 50 day moving average price of $30.52 and a 200 day moving average price of $31.24. The firm has a market cap of $3.79 billion, a PE ratio of 35.39 and a beta of 0.14.

Equity Commonwealth (NYSE:EQC) last released its 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 firm had revenue of $91.60 million during the quarter, compared to analysts’ expectations of $98.55 million. Equity Commonwealth had a return on equity of 3.69% and a net margin of 28.50%. The business’s revenue was down 37.0% on a year-over-year basis. During the same period last year, the business earned $0.42 earnings per share. On average, analysts expect that Equity Commonwealth will post $0.19 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Arrowstreet Capital Limited Partnership Grows Stake in Equity Commonwealth (EQC)” was originally posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of United States & international trademark and copyright legislation. The original version of this article can be viewed at https://ledgergazette.com/2017/10/11/arrowstreet-capital-limited-partnership-grows-stake-in-equity-commonwealth-eqc.html.

EQC has been the topic of several research reports. Zacks Investment Research upgraded shares of Equity Commonwealth from a “strong sell” rating to a “hold” rating i

Several other hedge funds have also added to or reduced their stakes in EQC. US Bancorp DE grew 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 valued at $294,000 after purchasing an additional 551 shares during the last quarter. UBS Asset Management Americas Inc. grew its position in shares of Equity Commonwealth by 2.2% in the first quarter. UBS Asset Management Americas Inc. now owns 424,520 shares of the real estate investment trust’s stock valued at $13,254,000 after purchasing an additional 9,235 shares during the last quarter. Prudential Financial Inc. grew its position in shares of Equity Commonwealth by 402.1% in the first quarter. Prudential Financial Inc. now owns 39,209 shares of the real estate investment trust’s stock valued at $1,224,000 after purchasing an additional 31,400 shares during the last quarter. SG Americas Securities LLC grew 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 valued at $225,000 after purchasing an additional 2,052 shares during the last quarter. Finally, Neuberger Berman Group LLC grew its position in shares of Equity Commonwealth by 2.6% in the first quarter. Neuberger Berman Group LLC now owns 37,484 shares of the real estate investment trust’s stock valued at $1,170,000 after purchasing an additional 950 shares during the last quarter. Institutional investors and hedge funds own 94.08% of the company’s stock.

Equity Commonwealth (NYSE:EQC) traded up 0.13% during mid-day trading on Wednesday, hitting $30.58. 70,797 shares of the stock traded hands. Equity Commonwealth has a 12-month low of $28.04 and a 12-month high of $32.51. The stock has a 50 day moving average price of $30.52 and a 200 day moving average price of $31.24. The firm has a market cap of $3.79 billion, a PE ratio of 35.39 and a beta of 0.14.

Equity Commonwealth (NYSE:EQC) last released its 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 firm had revenue of $91.60 million during the quarter, compared to analysts’ expectations of $98.55 million. Equity Commonwealth had a return on equity of 3.69% and a net margin of 28.50%. The business’s revenue was down 37.0% on a year-over-year basis. During the same period last year, the business earned $0.42 earnings per share. On average, analysts expect that Equity Commonwealth will post $0.19 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Arrowstreet Capital Limited Partnership Grows Stake in Equity Commonwealth (EQC)” was originally posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of United States & international trademark and copyright legislation. The original version of this article can be viewed at https://ledgergazette.com/2017/10/11/arrowstreet-capital-limited-partnership-grows-stake-in-equity-commonwealth-eqc.html.

EQC has been the topic of several research reports. Zacks Investment Research upgraded shares of Equity Commonwealth from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 4th. Stifel Nicolaus reiterated a “hold” rating and issued a $33.00 price target on shares of Equity Commonwealth in a research report on Thursday, September 21st. Finally, BidaskClub upgraded shares of Equity Commonwealth from a “strong sell” rating to a “sell” rating in a research report on Thursday, June 15th.

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 August 14, 2017, the Company’s portfolio included 20 properties and 11 million square feet.

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

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