Boston Partners Sells 33,050 Shares of Equity Commonwealth (NYSE:EQC)

Boston Partners lessened its holdings in shares of Equity Commonwealth (NYSE:EQC) by 35.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,215 shares of the real estate investment trust’s stock after selling 33,050 shares during the quarter. Boston Partners’ holdings in Equity Commonwealth were worth $2,062,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Lee Danner & Bass Inc. increased its stake in Equity Commonwealth by 1.7% during the 2nd quarter. Lee Danner & Bass Inc. now owns 342,742 shares of the real estate investment trust’s stock valued at $11,146,000 after purchasing an additional 5,727 shares in the last quarter. KBC Group NV bought a new stake in shares of Equity Commonwealth in the 2nd quarter worth $2,377,000. Chicago Equity Partners LLC grew its stake in shares of Equity Commonwealth by 3.0% in the 3rd quarter. Chicago Equity Partners LLC now owns 53,850 shares of the real estate investment trust’s stock worth $1,844,000 after acquiring an additional 1,590 shares in the last quarter. GW&K Investment Management LLC bought a new stake in shares of Equity Commonwealth in the 2nd quarter worth $5,334,000. Finally, Natixis bought a new stake in shares of Equity Commonwealth in the 2nd quarter worth $1,268,000. Institutional investors and hedge funds own 95.83% of the company’s stock.

NYSE EQC opened at $32.58 on Tuesday. Equity Commonwealth has a 1 year low of $28.98 and a 1 year high of $34.95. The company has a debt-to-equity ratio of 0.01, a current ratio of 84.50 and a quick ratio of 84.50. The firm has a market cap of $4.01 billion, a price-to-earnings ratio of 47.22 and a beta of 0.26. The company has a fifty day moving average price of $32.06 and a 200-day moving average price of $32.93.

Equity Commonwealth (NYSE:EQC) last issued its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.03. The company had revenue of $26.74 million for the quarter, compared to the consensus estimate of $30.94 million. Equity Commonwealth had a net margin of 339.90% and a return on equity of 15.19%. The firm’s quarterly revenue was down 42.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.18 EPS. On average, research analysts anticipate that Equity Commonwealth will post 0.8 EPS for the current fiscal year.

Several analysts have recently issued reports on the stock. JMP Securities lowered shares of Equity Commonwealth from an “outperform” rating to a “market perform” rating in a research note on Wednesday, August 14th. ValuEngine upgraded shares of Equity Commonwealth from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th. Zacks Investment Research upgraded shares of Equity Commonwealth from a “hold” rating to a “strong-buy” rating and set a $37.00 target price for the company in a research note on Monday, November 4th. Finally, TheStreet lowered shares of Equity Commonwealth from a “b” rating to a “c+” rating in a research note on Friday, October 11th.

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

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

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