Squarepoint Ops LLC Acquires 60,028 Shares of Equity Commonwealth (NYSE:EQC)

Squarepoint Ops LLC raised its stake in shares of Equity Commonwealth (NYSE:EQC) by 62.9% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 155,427 shares of the real estate investment trust’s stock after acquiring an additional 60,028 shares during the period. Squarepoint Ops LLC owned approximately 0.13% of Equity Commonwealth worth $5,323,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Nuance Investments LLC grew its stake in shares of Equity Commonwealth by 11.9% in the second quarter. Nuance Investments LLC now owns 4,280,814 shares of the real estate investment trust’s stock worth $139,212,000 after acquiring an additional 455,196 shares during the period. D. E. Shaw & Co. Inc. lifted its position in Equity Commonwealth by 73.7% during the second quarter. D. E. Shaw & Co. Inc. now owns 805,669 shares of the real estate investment trust’s stock valued at $26,200,000 after purchasing an additional 341,800 shares during the period. First Trust Advisors LP boosted its holdings in Equity Commonwealth by 95.9% in the third quarter. First Trust Advisors LP now owns 637,376 shares of the real estate investment trust’s stock worth $21,830,000 after purchasing an additional 312,039 shares during the last quarter. APG Asset Management N.V. boosted its holdings in Equity Commonwealth by 21.8% in the second quarter. APG Asset Management N.V. now owns 1,598,900 shares of the real estate investment trust’s stock worth $45,659,000 after purchasing an additional 286,700 shares during the last quarter. Finally, State Street Corp boosted its holdings in Equity Commonwealth by 3.8% in the third quarter. State Street Corp now owns 5,443,727 shares of the real estate investment trust’s stock worth $186,448,000 after purchasing an additional 198,708 shares during the last quarter. Institutional investors and hedge funds own 95.83% of the company’s stock.

Equity Commonwealth stock opened at $32.94 on Wednesday. The business has a 50-day simple moving average of $32.10 and a two-hundred day simple moving average of $32.93. The company has a market cap of $4.01 billion, a P/E ratio of 47.74 and a beta of 0.26. Equity Commonwealth has a 52-week low of $28.98 and a 52-week high of $34.95. The company has a quick ratio of 84.50, a current ratio of 84.50 and a debt-to-equity ratio of 0.01.

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

A number of equities research analysts have weighed in on EQC shares. TheStreet lowered shares of Equity Commonwealth from a “b” rating to a “c+” rating in a research note on Friday, October 11th. ValuEngine upgraded Equity Commonwealth from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th. Zacks Investment Research raised Equity Commonwealth from a “hold” rating to a “strong-buy” rating and set a $37.00 price objective for the company in a report on Monday, November 4th. Finally, JMP Securities cut Equity Commonwealth from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 14th.

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.

Read More: Percentage Gainers

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

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