SG Americas Securities LLC Sells 417 Shares of Equity Commonwealth (EQC)
SG Americas Securities LLC decreased its position in shares of Equity Commonwealth (NYSE:EQC) by 5.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,795 shares of the real estate investment trust’s stock after selling 417 shares during the quarter. SG Americas Securities LLC’s holdings in Equity Commonwealth were worth $215,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Equity Commonwealth by 2.3% during the first quarter. Vanguard Group Inc. now owns 19,523,422 shares of the real estate investment trust’s stock valued at $609,521,000 after acquiring an additional 437,729 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Equity Commonwealth by 1,917.7% during the first quarter. BlackRock Inc. now owns 8,058,600 shares of the real estate investment trust’s stock valued at $251,589,000 after acquiring an additional 7,659,208 shares in the last quarter. State Street Corp increased its holdings in shares of Equity Commonwealth by 0.7% during the first quarter. State Street Corp now owns 3,894,669 shares of the real estate investment trust’s stock valued at $121,591,000 after acquiring an additional 27,686 shares in the last quarter. Artisan Partners Limited Partnership bought a new stake in shares of Equity Commonwealth during the first quarter valued at approximately $90,341,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Equity Commonwealth by 1.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,703,322 shares of the real estate investment trust’s stock valued at $53,178,000 after acquiring an additional 27,136 shares in the last quarter. Hedge funds and other institutional investors own 93.96% of the company’s stock.
Several equities research analysts have recently commented on the company. BidaskClub upgraded Equity Commonwealth from a “strong sell” rating to a “sell” rating in a report on Thursday, June 15th. Stifel Nicolaus restated a “hold” rating and set a $33.00 price objective on shares of Equity Commonwealth in a report on Friday, July 28th. Finally, Zacks Investment Research downgraded Equity Commonwealth from a “hold” rating to a “strong sell” rating in a report on Thursday, July 27th. Two analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $33.33.
Shares of Equity Commonwealth (NYSE EQC) opened at 30.26 on Wednesday. The company’s 50-day moving average price is $30.69 and its 200 day moving average price is $31.31. The company has a market cap of $3.75 billion, a P/E ratio of 35.10 and a beta of 0.13. Equity Commonwealth has a one year low of $28.04 and a one year high of $32.51.
Equity Commonwealth (NYSE:EQC) last posted its quarterly earnings data on Monday, July 24th. The real estate investment trust reported $0.22 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.05). Equity Commonwealth had a net margin of 28.50% and a return on equity of 3.69%. The company had revenue of $91.60 million for the quarter, compared to the consensus estimate of $98.55 million. During the same period last year, the business earned $0.42 EPS. The firm’s quarterly revenue was down 37.0% on a year-over-year basis. On average, equities research analysts anticipate that Equity Commonwealth will post $0.19 earnings per share for the current year.
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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