UBS Asset Management Americas Inc. decreased its holdings in shares of Equity Commonwealth (NYSE:EQC) by 30.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 293,588 shares of the real estate investment trust’s stock after selling 130,932 shares during the period. UBS Asset Management Americas Inc. owned 0.24% of Equity Commonwealth worth $9,277,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Blair William & Co. IL bought a new position in Equity Commonwealth during the 2nd quarter valued at approximately $202,000. SG Americas Securities LLC raised its position in Equity Commonwealth by 39.8% during the 1st 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. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Equity Commonwealth by 6.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,232 shares of the real estate investment trust’s stock valued at $260,000 after purchasing an additional 463 shares during the last quarter. US Bancorp DE raised its position in Equity Commonwealth by 6.2% during the 1st 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. Finally, DekaBank Deutsche Girozentrale bought a new position in Equity Commonwealth during the 2nd quarter valued at approximately $304,000. 94.08% of the stock is owned by institutional investors and hedge funds.

Equity Commonwealth (EQC) opened at 30.80 on Friday. The firm’s 50-day moving average price is $30.51 and its 200-day moving average price is $31.25. Equity Commonwealth has a 52-week low of $28.04 and a 52-week high of $32.51. The company has a market cap of $3.82 billion, a price-to-earnings ratio of 35.65 and a beta of 0.14.

Equity Commonwealth (NYSE:EQC) last issued its quarterly earnings data on Monday, July 24th. The real estate investment trust reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.05). The business had revenue of $91.60 million during the quarter, compared to the consensus estimate of $98.55 million. Equity Commonwealth had a return on equity of 3.69% and a net margin of 28.50%. The business’s quarterly revenue was down 37.0% on a year-over-year basis. During the same period last year, the firm earned $0.42 EPS. On average, equities analysts anticipate that Equity Commonwealth will post $0.19 EPS for the current year.

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EQC has been the subject of a number of recent analyst reports. BidaskClub lowered Equity Commonwealth from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 8th. Stifel Nicolaus reaffirmed a “hold” rating and set a $33.00 price target on shares of Equity Commonwealth in a research report on Friday, July 28th. Finally, Zacks Investment Research lowered Equity Commonwealth from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 27th.

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.

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

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