Amalgamated Bank grew its position in Equity Commonwealth (NYSE:EQC) by 24.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,831 shares of the real estate investment trust’s stock after purchasing an additional 4,295 shares during the quarter. Amalgamated Bank’s holdings in Equity Commonwealth were worth $690,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Equity Commonwealth by 2.3% during the first quarter. Vanguard Group Inc. now owns 19,523,422 shares of the real estate investment trust’s stock worth $609,521,000 after purchasing an additional 437,729 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Equity Commonwealth by 0.7% during the 2nd quarter. BlackRock Inc. now owns 8,117,156 shares of the real estate investment trust’s stock valued at $256,504,000 after purchasing an additional 58,556 shares during the last quarter. State Street Corp lifted its holdings in shares of Equity Commonwealth by 0.7% during the 1st quarter. State Street Corp now owns 3,894,669 shares of the real estate investment trust’s stock valued at $121,591,000 after purchasing an additional 27,686 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Equity Commonwealth by 1.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,703,322 shares of the real estate investment trust’s stock valued at $53,178,000 after purchasing an additional 27,136 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its holdings in shares of Equity Commonwealth by 8.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,360,092 shares of the real estate investment trust’s stock valued at $42,979,000 after purchasing an additional 106,515 shares during the last quarter. 94.08% of the stock is currently owned by institutional investors and hedge funds.

Equity Commonwealth (NYSE:EQC) opened at 30.40 on Monday. Equity Commonwealth has a 12 month low of $28.04 and a 12 month high of $32.51. The stock has a market capitalization of $3.77 billion, a price-to-earnings ratio of 35.19 and a beta of 0.14. The company has a 50 day moving average of $30.69 and a 200 day moving average of $31.31.

Equity Commonwealth (NYSE:EQC) last posted its earnings results on Monday, July 24th. The real estate investment trust reported $0.22 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.05). Equity Commonwealth had a net margin of 28.50% and a return on equity of 3.69%. 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 company earned $0.42 EPS. The business’s quarterly revenue was down 37.0% compared to the same quarter last year. On average, equities analysts predict that Equity Commonwealth will post $0.19 EPS for the current year.

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Several brokerages recently weighed in on EQC. Zacks Investment Research downgraded Equity Commonwealth from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 27th. Stifel Nicolaus reaffirmed a “hold” rating and set a $33.00 target price on shares of Equity Commonwealth in a research report on Thursday, September 21st. Finally, BidaskClub cut Equity Commonwealth from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 8th.

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.

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

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