Campbell & CO Investment Adviser LLC Acquires 800 Shares of Equity Commonwealth (NYSE:EQC)

Campbell & CO Investment Adviser LLC grew its holdings in Equity Commonwealth (NYSE:EQC) by 9.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,880 shares of the real estate investment trust’s stock after purchasing an additional 800 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Equity Commonwealth were worth $236,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Weaver Consulting Group boosted its position in shares of Equity Commonwealth by 85.1% during the second quarter. Weaver Consulting Group now owns 870 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 400 shares during the last quarter. FinTrust Capital Advisors LLC bought a new position in Equity Commonwealth during the 2nd quarter valued at about $86,000. Ensign Peak Advisors Inc purchased a new stake in shares of Equity Commonwealth during the 2nd quarter valued at about $98,000. Pacer Advisors Inc. bought a new stake in shares of Equity Commonwealth in the second quarter worth approximately $149,000. Finally, Rowland Carmichael Advisors Inc. ADV purchased a new position in shares of Equity Commonwealth during the second quarter valued at approximately $214,000. Hedge funds and other institutional investors own 93.68% of the company’s stock.

Shares of NYSE:EQC opened at $26.94 on Friday. The company has a quick ratio of 133.84, a current ratio of 133.84 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $3.27 billion, a PE ratio of 7.00 and a beta of 0.27. The firm’s 50 day moving average price is $29.49 and its 200-day moving average price is $31.65. Equity Commonwealth has a twelve month low of $26.41 and a twelve month high of $35.08.

Equity Commonwealth (NYSE:EQC) last released its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $0.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.10. The business had revenue of $16.27 million for the quarter, compared to the consensus estimate of $18.69 million. Equity Commonwealth had a net margin of 560.80% and a return on equity of 14.79%. The company’s quarterly revenue was down 51.3% on a year-over-year basis. During the same period last year, the firm earned $0.22 earnings per share. Analysts expect that Equity Commonwealth will post 0.18 earnings per share for the current fiscal year.

The business also recently announced a dividend, which will be paid on Tuesday, October 20th. Investors of record on Thursday, October 1st will be issued a $3.50 dividend. This is a boost from Equity Commonwealth’s previous dividend of $2.50. The ex-dividend date of this dividend is Wednesday, September 30th.

A number of equities research analysts have commented on EQC shares. Zacks Investment Research downgraded shares of Equity Commonwealth from a “hold” rating to a “sell” rating in a research report on Friday. TheStreet downgraded Equity Commonwealth from a “b-” rating to a “c” rating in a research note on Thursday, July 30th.

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. EQC's same property portfolio is comprised of 4 properties and 1.5 million square feet.

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

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