Dean Investment Associates LLC bought a new position in shares of Equity Commonwealth (NYSE:EQC) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 138,930 shares of the real estate investment trust’s stock, valued at approximately $4,376,000. Dean Investment Associates LLC owned about 0.11% of Equity Commonwealth at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Resolution Capital Ltd boosted its position in Equity Commonwealth by 23.9% during the second quarter. Resolution Capital Ltd now owns 2,288,415 shares of the real estate investment trust’s stock worth $72,085,000 after purchasing an additional 441,300 shares during the period. Sei Investments Co. boosted its position in Equity Commonwealth by 15.5% during the second quarter. Sei Investments Co. now owns 794,012 shares of the real estate investment trust’s stock worth $25,011,000 after purchasing an additional 106,614 shares during the period. Russell Investments Group Ltd. boosted its position in Equity Commonwealth by 307.3% during the second quarter. Russell Investments Group Ltd. now owns 378,580 shares of the real estate investment trust’s stock worth $11,925,000 after purchasing an additional 285,640 shares during the period. Heartland Advisors Inc. boosted its position in Equity Commonwealth by 1.7% during the second quarter. Heartland Advisors Inc. now owns 293,144 shares of the real estate investment trust’s stock worth $9,234,000 after purchasing an additional 4,933 shares during the period. Finally, Strs Ohio boosted its position in Equity Commonwealth by 6.8% during the second quarter. Strs Ohio now owns 187,471 shares of the real estate investment trust’s stock worth $5,905,000 after purchasing an additional 11,932 shares during the period. Institutional investors and hedge funds own 97.85% of the company’s stock.

A number of equities analysts have commented on EQC shares. ValuEngine raised shares of Equity Commonwealth from a “hold” rating to a “buy” rating in a research report on Wednesday. Zacks Investment Research raised shares of Equity Commonwealth from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a research report on Thursday, August 2nd. Stifel Nicolaus cut shares of Equity Commonwealth from a “buy” rating to a “hold” rating and set a $34.00 price objective for the company. in a research report on Wednesday, August 1st. They noted that the move was a valuation call. JMP Securities lifted their price objective on shares of Equity Commonwealth to $33.00 and gave the stock a “market outperform” rating in a research report on Tuesday, May 8th. Finally, Citigroup lifted their price objective on shares of Equity Commonwealth from $31.00 to $32.00 and gave the stock a “neutral” rating in a research report on Thursday, August 9th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Equity Commonwealth has a consensus rating of “Buy” and an average target price of $33.75.

Shares of Equity Commonwealth stock opened at $32.03 on Friday. The stock has a market capitalization of $3.83 billion, a PE ratio of 34.67 and a beta of 0.18. Equity Commonwealth has a 52-week low of $27.96 and a 52-week high of $32.31. The company has a debt-to-equity ratio of 0.08, a current ratio of 63.57 and a quick ratio of 63.57.

Equity Commonwealth (NYSE:EQC) last announced its earnings results on Monday, July 30th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.03. The company had revenue of $48.60 million during the quarter, compared to analysts’ expectations of $59.06 million. Equity Commonwealth had a net margin of 92.07% and a return on equity of 7.27%. Equity Commonwealth’s quarterly revenue was down 46.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.22 earnings per share. analysts anticipate that Equity Commonwealth will post 0.61 earnings per share for the current year.

Equity Commonwealth 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 June 30, 2018, EQC's portfolio comprised 13 properties and 6.3 million square feet.

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

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