Russell Investments Group Ltd. lowered its holdings in Equity Commonwealth (NYSE:EQC) by 44.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 506,873 shares of the real estate investment trust’s stock after selling 403,300 shares during the quarter. Russell Investments Group Ltd. owned 0.41% of Equity Commonwealth worth $15,407,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. The Manufacturers Life Insurance Company grew its holdings in Equity Commonwealth by 7.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,853 shares of the real estate investment trust’s stock valued at $122,000 after buying an additional 275 shares during the last quarter. Archford Capital Strategies LLC grew its holdings in Equity Commonwealth by 38,920.0% in the 2nd quarter. Archford Capital Strategies LLC now owns 5,853 shares of the real estate investment trust’s stock valued at $418,000 after buying an additional 5,838 shares during the last quarter. Blair William & Co. IL acquired a new stake in Equity Commonwealth in the 2nd quarter valued at approximately $202,000. Fox Run Management L.L.C. acquired a new stake in Equity Commonwealth in the 3rd quarter valued at approximately $240,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Equity Commonwealth by 6.0% in 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 buying an additional 463 shares during the last quarter. 95.29% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Equity Commonwealth (NYSE EQC) opened at $30.33 on Thursday. The company has a quick ratio of 41.39, a current ratio of 41.39 and a debt-to-equity ratio of 0.27. Equity Commonwealth has a fifty-two week low of $28.60 and a fifty-two week high of $32.51. The stock has a market capitalization of $3,757.43, a P/E ratio of 31.22 and a beta of 0.09.

Equity Commonwealth (NYSE:EQC) last announced its quarterly earnings data on Tuesday, October 24th. The real estate investment trust reported $0.19 EPS for the quarter, missing the Zacks’ 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 firm had revenue of $77.80 million during the quarter, compared to the consensus estimate of $92.13 million. During the same quarter in the prior year, the business posted $0.23 EPS. Equity Commonwealth’s revenue 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 fiscal year.

A number of analysts have issued reports on the company. Zacks Investment Research raised Equity Commonwealth from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 4th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $33.00 target price on shares of Equity Commonwealth in a report on Thursday, September 21st.

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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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