Equity Commonwealth (EQC) Shares Sold by Resolution Capital Ltd

Resolution Capital Ltd reduced its stake in shares of Equity Commonwealth (NYSE:EQC) by 3.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,229,323 shares of the real estate investment trust’s stock after selling 83,390 shares during the period. Equity Commonwealth makes up about 2.4% of Resolution Capital Ltd’s holdings, making the stock its 18th largest position. Resolution Capital Ltd owned about 1.83% of Equity Commonwealth worth $72,877,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of EQC. Vanguard Group Inc. raised its stake in shares of Equity Commonwealth by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 18,189,989 shares of the real estate investment trust’s stock worth $583,717,000 after buying an additional 419,945 shares during the last quarter. Vanguard Group Inc increased its stake in shares of Equity Commonwealth by 2.4% during the 3rd quarter. Vanguard Group Inc now owns 18,189,989 shares of the real estate investment trust’s stock valued at $583,717,000 after acquiring an additional 419,945 shares during the last quarter. BlackRock Inc. increased its stake in shares of Equity Commonwealth by 1.7% during the 4th quarter. BlackRock Inc. now owns 8,766,796 shares of the real estate investment trust’s stock valued at $263,091,000 after acquiring an additional 144,422 shares during the last quarter. Northern Trust Corp increased its stake in shares of Equity Commonwealth by 3.9% during the 4th quarter. Northern Trust Corp now owns 2,145,981 shares of the real estate investment trust’s stock valued at $64,400,000 after acquiring an additional 80,812 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Equity Commonwealth by 0.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,961,131 shares of the real estate investment trust’s stock valued at $58,853,000 after acquiring an additional 5,122 shares during the last quarter. Institutional investors own 96.86% of the company’s stock.

Shares of NYSE EQC traded down $0.13 on Wednesday, reaching $31.24. 13,472 shares of the company traded hands, compared to its average volume of 667,752. Equity Commonwealth has a fifty-two week low of $28.48 and a fifty-two week high of $33.77. The company has a debt-to-equity ratio of 0.09, a current ratio of 43.37 and a quick ratio of 43.37. The company has a market cap of $3.81 billion, a P/E ratio of 45.36 and a beta of 0.33.

Equity Commonwealth (NYSE:EQC) last posted its quarterly earnings data on Wednesday, February 13th. The real estate investment trust reported $0.21 EPS for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.05. Equity Commonwealth had a net margin of 138.47% and a return on equity of 8.58%. The company had revenue of $42.93 million during the quarter, compared to the consensus estimate of $44.62 million. During the same quarter in the prior year, the company posted $0.19 EPS. The company’s quarterly revenue was down 40.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Equity Commonwealth will post 0.47 EPS for the current year.

In other news, Director James Lloyd Lozier, Jr. sold 6,000 shares of the business’s stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $32.46, for a total transaction of $194,760.00. Following the completion of the sale, the director now owns 11,984 shares in the company, valued at approximately $389,000.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.30% of the stock is currently owned by insiders.

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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 December 31, 2018, EQC's portfolio comprised 10 properties and 5.1 million square feet.

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

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