Equity Commonwealth (EQC) CFO Sells $399,500.00 in Stock

Equity Commonwealth (NYSE:EQC) CFO Adam Scott Markman sold 12,500 shares of the stock in a transaction on Monday, May 13th. The shares were sold at an average price of $31.96, for a total transaction of $399,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of EQC stock opened at $31.95 on Tuesday. The firm has a market capitalization of $3.91 billion, a price-to-earnings ratio of 46.30 and a beta of 0.31. The company has a quick ratio of 73.38, a current ratio of 73.38 and a debt-to-equity ratio of 0.08. Equity Commonwealth has a one year low of $28.48 and a one year high of $33.77.

Equity Commonwealth (NYSE:EQC) last announced its quarterly earnings results on Monday, April 29th. The real estate investment trust reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.03. The firm had revenue of $41.75 million during the quarter, compared to analysts’ expectations of $36.17 million. Equity Commonwealth had a net margin of 164.13% and a return on equity of 9.31%. The company’s revenue for the quarter was down 28.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.14 earnings per share. As a group, equities research analysts predict that Equity Commonwealth will post 0.6 earnings per share for the current fiscal year.



A number of brokerages have commented on EQC. Zacks Investment Research upgraded shares of Equity Commonwealth from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a research note on Friday, May 3rd. TheStreet upgraded shares of Equity Commonwealth from a “c+” rating to a “b” rating in a research note on Tuesday, April 30th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $34.00.

A number of hedge funds have recently made changes to their positions in EQC. Berman Capital Advisors LLC lifted its stake in shares of Equity Commonwealth by 92.0% during the 1st quarter. Berman Capital Advisors LLC now owns 862 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 413 shares during the last quarter. NumerixS Investment Technologies Inc acquired a new stake in shares of Equity Commonwealth during the 4th quarter worth about $33,000. Enlightenment Research LLC acquired a new stake in shares of Equity Commonwealth during the 4th quarter worth about $54,000. Squar Milner Financial Services LLC lifted its stake in shares of Equity Commonwealth by 25.9% during the 1st quarter. Squar Milner Financial Services LLC now owns 1,995 shares of the real estate investment trust’s stock worth $65,000 after buying an additional 410 shares during the last quarter. Finally, Quadrant Capital Group LLC lifted its stake in shares of Equity Commonwealth by 3,222.6% during the 1st quarter. Quadrant Capital Group LLC now owns 2,060 shares of the real estate investment trust’s stock worth $65,000 after buying an additional 1,998 shares during the last quarter. Hedge funds and other institutional investors own 96.44% of the company’s stock.

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About Equity Commonwealth

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 December 31, 2018, EQC's portfolio comprised 10 properties and 5.1 million square feet.

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