New York State Common Retirement Fund Trims Stake in Equity Commonwealth (EQC)

New York State Common Retirement Fund trimmed its position in Equity Commonwealth (NYSE:EQC) by 2.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 255,700 shares of the real estate investment trust’s stock after selling 6,501 shares during the quarter. New York State Common Retirement Fund owned about 0.21% of Equity Commonwealth worth $8,080,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of EQC. Blair William & Co. IL bought a new stake in Equity Commonwealth during the second quarter worth approximately $202,000. SG Americas Securities LLC increased its stake in Equity Commonwealth by 39.8% during the first quarter. SG Americas Securities LLC now owns 7,212 shares of the real estate investment trust’s stock worth $225,000 after acquiring an additional 2,052 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Equity Commonwealth by 6.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,232 shares of the real estate investment trust’s stock worth $260,000 after acquiring an additional 463 shares during the last quarter. US Bancorp DE increased its stake in Equity Commonwealth by 6.2% during the first quarter. US Bancorp DE now owns 9,425 shares of the real estate investment trust’s stock worth $294,000 after acquiring an additional 551 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new stake in Equity Commonwealth during the second quarter worth approximately $304,000. 94.08% of the stock is currently owned by institutional investors.

Shares of Equity Commonwealth (NYSE:EQC) opened at 30.54 on Wednesday. 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 price is $30.52 and its 200 day moving average price is $31.24. The company has a market capitalization of $3.79 billion, a PE ratio of 35.35 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 Zacks’ consensus estimate of $0.27 by ($0.05). Equity Commonwealth had a return on equity of 3.69% and a net margin of 28.50%. The business had revenue of $91.60 million during the quarter, compared to analysts’ expectations of $98.55 million. During the same period last year, the business earned $0.42 earnings per share. The company’s revenue for the quarter was down 37.0% compared to the same quarter last year. Equities analysts predict that Equity Commonwealth will post $0.19 EPS for the current year.

EQC has been the topic of several analyst reports. BidaskClub cut Equity Commonwealth from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 8th. Stifel Nicolaus reissued a “hold” rating and set a $33.00 price objective on shares of Equity Commonwealth in a research note on Friday, July 28th. Finally, Zacks Investment Research cut Equity Commonwealth from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 27th.

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A number of other hedge funds and other institutional investors also recently modified their holdings of EQC. Blair William & Co. IL bought a new stake in Equity Commonwealth during the second quarter worth approximately $202,000. SG Americas Securities LLC increased its stake in Equity Commonwealth by 39.8% during the first quarter. SG Americas Securities LLC now owns 7,212 shares of the real estate investment trust’s stock worth $225,000 after acquiring an additional 2,052 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Equity Commonwealth by 6.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,232 shares of the real estate investment trust’s stock worth $260,000 after acquiring an additional 463 shares during the last quarter. US Bancorp DE increased its stake in Equity Commonwealth by 6.2% during the first quarter. US Bancorp DE now owns 9,425 shares of the real estate investment trust’s stock worth $294,000 after acquiring an additional 551 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new stake in Equity Commonwealth during the second quarter worth approximately $304,000. 94.08% of the stock is currently owned by institutional investors.

Shares of Equity Commonwealth (NYSE:EQC) opened at 30.54 on Wednesday. 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 price is $30.52 and its 200 day moving average price is $31.24. The company has a market capitalization of $3.79 billion, a PE ratio of 35.35 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 Zacks’ consensus estimate of $0.27 by ($0.05). Equity Commonwealth had a return on equity of 3.69% and a net margin of 28.50%. The business had revenue of $91.60 million during the quarter, compared to analysts’ expectations of $98.55 million. During the same period last year, the business earned $0.42 earnings per share. The company’s revenue for the quarter was down 37.0% compared to the same quarter last year. Equities analysts predict that Equity Commonwealth will post $0.19 EPS for the current year.

EQC has been the topic of several analyst reports. BidaskClub cut Equity Commonwealth from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 8th. Stifel Nicolaus reissued a “hold” rating and set a $33.00 price objective on shares of Equity Commonwealth in a research note on Friday, July 28th. Finally, Zacks Investment Research cut Equity Commonwealth from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 27th.

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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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