Worth Venture Partners LLC purchased a new stake in shares of Equity Commonwealth (NYSE:EQC) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 9,258 shares of the real estate investment trust’s stock, valued at approximately $281,000.

Several other large investors have also made changes to their positions in the company. Principal Financial Group Inc. lifted its holdings in shares of Equity Commonwealth by 0.8% during the first quarter. Principal Financial Group Inc. now owns 21,414 shares of the real estate investment trust’s stock valued at $669,000 after purchasing an additional 161 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Equity Commonwealth by 7.7% during the second quarter. The Manufacturers Life Insurance Company now owns 3,853 shares of the real estate investment trust’s stock valued at $122,000 after purchasing an additional 275 shares in the last quarter. Teacher Retirement System of Texas lifted its holdings in shares of Equity Commonwealth by 3.2% during the second quarter. Teacher Retirement System of Texas now owns 9,887 shares of the real estate investment trust’s stock valued at $312,000 after purchasing an additional 310 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Equity Commonwealth by 6.0% during the second 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 in the last quarter. Finally, California Public Employees Retirement System increased its position in Equity Commonwealth by 0.4% during the second quarter. California Public Employees Retirement System now owns 376,997 shares of the real estate investment trust’s stock valued at $11,913,000 after acquiring an additional 1,400 shares during the last quarter. 93.36% of the stock is currently owned by hedge funds and other institutional investors.

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EQC has been the subject of a number of research reports. Zacks Investment Research upgraded Equity Commonwealth from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 4th. Stifel Nicolaus reiterated a “hold” rating and set a $33.00 price objective on shares of Equity Commonwealth in a research report on Thursday, September 21st.

Equity Commonwealth (NYSE EQC) traded up $0.22 during trading on Tuesday, reaching $30.59. The company had a trading volume of 1,284,800 shares, compared to its average volume of 583,892. The stock has a market capitalization of $3,768.59, a PE ratio of 31.31 and a beta of 0.09. The company has a debt-to-equity ratio of 0.27, a quick ratio of 41.39 and a current ratio of 41.39. Equity Commonwealth has a 12 month low of $28.33 and a 12 month high of $32.51.

Equity Commonwealth (NYSE:EQC) last posted its quarterly earnings data on Tuesday, October 24th. The real estate investment trust reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.05). The firm had revenue of $77.80 million for the quarter, compared to analysts’ expectations of $92.13 million. Equity Commonwealth had a net margin of 17.04% and a return on equity of 2.00%. The firm’s revenue was down 32.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.23 EPS. equities research analysts anticipate that Equity Commonwealth will post 0.85 EPS for the current fiscal year.

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.

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

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