Aperio Group LLC Increases Stake in Equity Commonwealth (EQC)

Aperio Group LLC grew its position in shares of Equity Commonwealth (NYSE:EQC) by 7.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 58,708 shares of the real estate investment trust’s stock after buying an additional 4,318 shares during the quarter. Aperio Group LLC’s holdings in Equity Commonwealth were worth $1,785,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. The Manufacturers Life Insurance Company lifted its holdings in shares of Equity Commonwealth by 7.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,853 shares of the real estate investment trust’s stock valued at $122,000 after buying an additional 275 shares during the last quarter. Blair William & Co. IL acquired a new stake in shares of Equity Commonwealth during the 2nd quarter valued at about $202,000. Fox Run Management L.L.C. acquired a new stake in shares of Equity Commonwealth during the 3rd quarter valued at about $240,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Equity Commonwealth by 6.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,232 shares of the real estate investment trust’s stock valued at $260,000 after buying an additional 463 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new stake in shares of Equity Commonwealth during the 2nd quarter valued at about $304,000. Institutional investors and hedge funds own 93.36% of the company’s stock.

Shares of Equity Commonwealth (EQC) opened at $30.45 on Wednesday. The stock has a market capitalization of $3,795.90, a PE ratio of 31.54 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 1-year low of $28.60 and a 1-year high of $32.51.

Equity Commonwealth (NYSE:EQC) last posted its earnings results on Tuesday, October 24th. The real estate investment trust reported $0.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.05). Equity Commonwealth had a return on equity of 2.00% and a net margin of 17.04%. The company had revenue of $77.80 million during the quarter, compared to analyst estimates of $92.13 million. During the same quarter last year, the firm posted $0.23 earnings per share. The firm’s revenue for the quarter was down 32.1% compared to the same quarter last year. sell-side analysts anticipate that Equity Commonwealth will post 0.85 earnings per share for the current year.

Several equities research analysts have recently issued reports on the company. Stifel Nicolaus reiterated a “hold” rating and set a $33.00 price target on shares of Equity Commonwealth in a report on Friday, July 28th. Zacks Investment Research lowered Equity Commonwealth from a “hold” rating to a “strong sell” rating in a report on Thursday, July 27th.

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Equity Commonwealth 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.

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

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