Equity Commonwealth (EQC) Shares Bought by Nuance Investments LLC

Nuance Investments LLC boosted its holdings in Equity Commonwealth (NYSE:EQC) by 15.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,220,339 shares of the real estate investment trust’s stock after buying an additional 289,572 shares during the period. Equity Commonwealth makes up about 4.6% of Nuance Investments LLC’s investment portfolio, making the stock its 6th biggest position. Nuance Investments LLC owned approximately 1.83% of Equity Commonwealth worth $69,941,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GSA Capital Partners LLP raised its holdings in Equity Commonwealth by 56.7% in the second quarter. GSA Capital Partners LLP now owns 11,807 shares of the real estate investment trust’s stock worth $372,000 after purchasing an additional 4,270 shares during the period. Heartland Advisors Inc. raised its holdings in Equity Commonwealth by 1.7% in the second quarter. Heartland Advisors Inc. now owns 293,144 shares of the real estate investment trust’s stock worth $9,234,000 after purchasing an additional 4,933 shares during the period. Nisa Investment Advisors LLC raised its holdings in Equity Commonwealth by 20.0% in the second quarter. Nisa Investment Advisors LLC now owns 30,000 shares of the real estate investment trust’s stock worth $945,000 after purchasing an additional 5,000 shares during the period. Ostrum Asset Management acquired a new stake in Equity Commonwealth in the first quarter worth $167,000. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its holdings in Equity Commonwealth by 5.8% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 125,572 shares of the real estate investment trust’s stock worth $3,956,000 after purchasing an additional 6,931 shares during the period. Institutional investors and hedge funds own 98.37% of the company’s stock.

Shares of NYSE:EQC opened at $32.04 on Monday. Equity Commonwealth has a 12 month low of $27.96 and a 12 month high of $32.36. The company has a current ratio of 63.57, a quick ratio of 63.57 and a debt-to-equity ratio of 0.08. The firm has a market cap of $3.89 billion, a P/E ratio of 34.83 and a beta of 0.18.

Equity Commonwealth (NYSE:EQC) last issued its quarterly earnings data on Monday, July 30th. The real estate investment trust reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. Equity Commonwealth had a net margin of 92.07% and a return on equity of 7.27%. The business had revenue of $48.60 million for the quarter, compared to analyst estimates of $59.06 million. During the same period last year, the business posted $0.22 earnings per share. The firm’s quarterly revenue was down 46.9% on a year-over-year basis. research analysts predict that Equity Commonwealth will post 0.68 earnings per share for the current fiscal year.

Several equities research analysts have weighed in on the stock. ValuEngine upgraded shares of Equity Commonwealth from a “hold” rating to a “buy” rating in a report on Wednesday, August 15th. Zacks Investment Research upgraded shares of Equity Commonwealth from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a report on Thursday, August 2nd. Citigroup raised their price objective on shares of Equity Commonwealth from $31.00 to $32.00 and gave the stock a “neutral” rating in a report on Thursday, August 9th. Stifel Nicolaus lowered shares of Equity Commonwealth from a “buy” rating to a “hold” rating and set a $34.00 price objective on the stock. in a report on Wednesday, August 1st. They noted that the move was a valuation call. Finally, JMP Securities raised their price objective on shares of Equity Commonwealth to $33.00 and gave the stock a “market outperform” rating in a report on Tuesday, May 8th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $33.75.

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 June 30, 2018, EQC's portfolio comprised 13 properties and 6.3 million square feet.

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

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