Nomura Asset Management Co. Ltd. reduced its position in Equity Commonwealth (NYSE:EQC) by 2.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,150 shares of the real estate investment trust’s stock after selling 2,230 shares during the period. Nomura Asset Management Co. Ltd. owned 0.06% of Equity Commonwealth worth $2,336,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Ostrum Asset Management purchased a new stake in shares of Equity Commonwealth in the first quarter worth about $167,000. Brown Advisory Inc. purchased a new stake in shares of Equity Commonwealth in the first quarter worth about $222,000. Millennium Management LLC purchased a new stake in shares of Equity Commonwealth in the fourth quarter worth about $232,000. Xact Kapitalforvaltning AB purchased a new stake in shares of Equity Commonwealth in the second quarter worth about $410,000. Finally, BNP Paribas Arbitrage SA lifted its position in shares of Equity Commonwealth by 98.6% in the second quarter. BNP Paribas Arbitrage SA now owns 26,473 shares of the real estate investment trust’s stock worth $834,000 after buying an additional 13,144 shares in the last quarter. Institutional investors own 97.85% of the company’s stock.

Shares of EQC stock opened at $32.03 on Friday. Equity Commonwealth has a 1 year low of $27.96 and a 1 year high of $32.31. The company has a current ratio of 63.57, a quick ratio of 63.57 and a debt-to-equity ratio of 0.08. The company has a market cap of $3.83 billion, a price-to-earnings ratio of 34.82 and a beta of 0.18.

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

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

Equity Commonwealth Company 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.

Read More: What is the Book Value of a Share?

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

Receive News & Ratings for Equity Commonwealth Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equity Commonwealth and related companies with MarketBeat.com's FREE daily email newsletter.