Parkwood LLC lowered its stake in shares of Equity Commonwealth (NYSE:EQC) by 14.7% during the second quarter, Holdings Channel reports. The institutional investor owned 15,669 shares of the real estate investment trust’s stock after selling 2,711 shares during the period. Parkwood LLC’s holdings in Equity Commonwealth were worth $456,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the stock. State Street Corp increased its stake in Equity Commonwealth by 2.7% in the first quarter. State Street Corp now owns 3,744,494 shares of the real estate investment trust’s stock valued at $105,673,000 after buying an additional 96,842 shares in the last quarter. Kempen Capital Management N.V. increased its stake in Equity Commonwealth by 54.9% in the first quarter. Kempen Capital Management N.V. now owns 92,173 shares of the real estate investment trust’s stock valued at $2,601,000 after buying an additional 32,678 shares in the last quarter. ING Groep NV increased its stake in Equity Commonwealth by 257.6% in the first quarter. ING Groep NV now owns 630,000 shares of the real estate investment trust’s stock valued at $17,772,000 after buying an additional 453,827 shares in the last quarter. M&T Bank Corp increased its stake in Equity Commonwealth by 18.9% in the first quarter. M&T Bank Corp now owns 26,134 shares of the real estate investment trust’s stock valued at $738,000 after buying an additional 4,153 shares in the last quarter. Finally, Landscape Capital Management L.L.C. increased its stake in Equity Commonwealth by 51.0% in the first quarter. Landscape Capital Management L.L.C. now owns 209,200 shares of the real estate investment trust’s stock valued at $5,904,000 after buying an additional 70,698 shares in the last quarter. Hedge funds and other institutional investors own 92.54% of the company’s stock.

Shares of Equity Commonwealth (NYSE:EQC) traded up 0.76% during midday trading on Friday, reaching $30.30. The company had a trading volume of 2,138,195 shares. The company has a 50-day moving average price of $30.39 and a 200 day moving average price of $28.91. The company has a market capitalization of $3.80 billion, a P/E ratio of 22.61 and a beta of 0.40. Equity Commonwealth has a one year low of $25.23 and a one year high of $31.91.

Equity Commonwealth (NYSE:EQC) last posted its quarterly earnings data on Thursday, July 28th. The real estate investment trust reported $0.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.12. Equity Commonwealth had a return on equity of 6.92% and a net margin of 35.80%. The company earned $145.37 million during the quarter, compared to analyst estimates of $136.57 million. During the same quarter last year, the company earned $0.52 EPS. The firm’s revenue for the quarter was down 28.6% on a year-over-year basis. Equities analysts anticipate that Equity Commonwealth will post $1.14 earnings per share for the current fiscal year.

Several research firms have recently commented on EQC. Zacks Investment Research downgraded Equity Commonwealth from a “hold” rating to a “sell” rating in a report on Wednesday, September 7th. Citigroup Inc. upped their price target on Equity Commonwealth from $28.00 to $31.00 and gave the stock a “neutral” rating in a report on Thursday, September 1st. Finally, Bank of America Corp. upgraded Equity Commonwealth from a “neutral” rating to a “buy” rating in a report on Monday, August 15th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. Equity Commonwealth presently has a consensus rating of “Hold” and an average target price of $32.50.

Equity Commonwealth Company Profile

Equity Commonwealth is an internally managed and self-advised real estate investment trust (REIT). The Company is engaged in the ownership and operation of office buildings throughout the United States. It operates in central business district properties and suburban properties segment. The Company’s portfolio includes approximately 60 properties (over 130 buildings) with a combined of approximately 24 million square feet.

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