Equity Commonwealth (EQC) Holdings Lessened by Victory Capital Management Inc.

Victory Capital Management Inc. reduced its holdings in Equity Commonwealth (NYSE:EQC) by 1.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,106,844 shares of the real estate investment trust’s stock after selling 59,787 shares during the quarter. Victory Capital Management Inc. owned 2.56% of Equity Commonwealth worth $99,699,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in EQC. Brown Advisory Inc. bought a new stake in shares of Equity Commonwealth in the first quarter worth about $222,000. Clinton Group Inc. bought a new stake in shares of Equity Commonwealth in the second quarter worth about $1,548,000. Xact Kapitalforvaltning AB bought a new stake in shares of Equity Commonwealth in the second quarter worth about $410,000. Port Capital LLC increased its holdings in shares of Equity Commonwealth by 23.1% in the second quarter. Port Capital LLC now owns 121,170 shares of the real estate investment trust’s stock worth $3,817,000 after acquiring an additional 22,700 shares in the last quarter. Finally, Bank of Montreal Can increased its holdings in shares of Equity Commonwealth by 295.3% in the second quarter. Bank of Montreal Can now owns 69,754 shares of the real estate investment trust’s stock worth $2,197,000 after acquiring an additional 52,108 shares in the last quarter. Institutional investors own 96.05% of the company’s stock.

EQC stock opened at $29.91 on Friday. The company has a quick ratio of 63.60, a current ratio of 63.60 and a debt-to-equity ratio of 0.09. The stock has a market cap of $3.63 billion, a PE ratio of 43.99 and a beta of 0.17. Equity Commonwealth has a fifty-two week low of $27.96 and a fifty-two week high of $32.66.

Equity Commonwealth (NYSE:EQC) last posted its quarterly earnings data on Wednesday, October 24th. The real estate investment trust reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.06. The company had revenue of $46.87 million during the quarter, compared to analysts’ expectations of $48.78 million. Equity Commonwealth had a return on equity of 7.35% and a net margin of 104.48%. As a group, equities research analysts anticipate that Equity Commonwealth will post 0.64 EPS for the current fiscal year.

The company also recently disclosed a dividend, which was paid on Tuesday, October 23rd. Stockholders of record on Tuesday, October 9th were given a dividend of $2.50 per share. The ex-dividend date was Friday, October 5th.

Several equities research analysts have issued reports on EQC shares. Zacks Investment Research downgraded Equity Commonwealth from a “hold” rating to a “sell” rating in a report on Tuesday, July 10th. Stifel Nicolaus downgraded Equity Commonwealth from a “buy” rating to a “hold” rating and set a $34.00 price target for the company. in a report on Wednesday, August 1st. They noted that the move was a valuation call. ValuEngine raised Equity Commonwealth from a “hold” rating to a “buy” rating in a research report on Wednesday, August 15th. Citigroup upped their price objective on Equity Commonwealth from $31.00 to $32.00 and gave the stock a “neutral” rating in a research report on Thursday, August 9th. Finally, TheStreet cut Equity Commonwealth from a “b-” rating to a “c+” rating in a research report on Wednesday, October 17th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $33.75.

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 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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