Equity Commonwealth (EQC) Shares Bought by Ameriprise Financial Inc.
Ameriprise Financial Inc. boosted its position in shares of Equity Commonwealth (NYSE:EQC) by 18.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 95,135 shares of the real estate investment trust’s stock after acquiring an additional 14,739 shares during the period. Ameriprise Financial Inc. owned 0.08% of Equity Commonwealth worth $2,890,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Equity Commonwealth by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 19,879,248 shares of the real estate investment trust’s stock worth $628,183,000 after acquiring an additional 355,826 shares during the last quarter. BlackRock Inc. lifted its position in 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 worth $256,504,000 after acquiring an additional 58,556 shares during the last quarter. Janus Henderson Group PLC acquired a new position in Equity Commonwealth during the 2nd quarter worth $195,109,000. Artisan Partners Limited Partnership lifted its position in Equity Commonwealth by 15.7% during the 2nd quarter. Artisan Partners Limited Partnership now owns 3,349,449 shares of the real estate investment trust’s stock worth $105,843,000 after acquiring an additional 455,747 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in Equity Commonwealth by 26.0% during the 2nd quarter. Renaissance Technologies LLC now owns 2,376,675 shares of the real estate investment trust’s stock worth $75,103,000 after acquiring an additional 490,700 shares during the last quarter. 95.29% of the stock is owned by hedge funds and other institutional investors.
Equity Commonwealth (EQC) opened at $29.78 on Friday. Equity Commonwealth has a twelve month low of $29.65 and a twelve month high of $32.51. The company has a current ratio of 41.39, a quick ratio of 41.39 and a debt-to-equity ratio of 0.27. The stock has a market cap of $3,761.15, a PE ratio of 67.68 and a beta of 0.10.
Equity Commonwealth (NYSE:EQC) last posted its quarterly earnings data on Tuesday, October 24th. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.05). Equity Commonwealth had a return on equity of 2.00% and a net margin of 17.04%. The company had revenue of $77.80 million for the quarter, compared to the consensus estimate of $92.13 million. During the same quarter in the previous year, the firm posted $0.23 EPS. The business’s revenue for the quarter was down 32.1% compared to the same quarter last year. equities research analysts forecast that Equity Commonwealth will post 0.9 earnings per share for the current year.
EQC has been the topic of several research reports. Zacks Investment Research upgraded shares of Equity Commonwealth from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 4th. Stifel Nicolaus restated a “hold” rating and set a $33.00 price objective on shares of Equity Commonwealth in a report on Thursday, September 21st.
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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.
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