Nationwide Fund Advisors increased its position in Equity Commonwealth (NYSE:EQC) by 287.0% during the second quarter, Holdings Channel reports. The institutional investor owned 278,675 shares of the real estate investment trust’s stock after buying an additional 206,675 shares during the period. Nationwide Fund Advisors owned 0.22% of Equity Commonwealth worth $8,118,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. BlackRock Japan Co. Ltd raised its stake in shares of Equity Commonwealth by 1.9% in the first quarter. BlackRock Japan Co. Ltd now owns 6,736 shares of the real estate investment trust’s stock worth $190,000 after buying an additional 124 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Equity Commonwealth by 6.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,092 shares of the real estate investment trust’s stock worth $177,000 after buying an additional 354 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of Equity Commonwealth by 4.1% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 20,601 shares of the real estate investment trust’s stock worth $600,000 after buying an additional 802 shares during the last quarter. Creative Planning raised its stake in shares of Equity Commonwealth by 20.2% in the second quarter. Creative Planning now owns 5,959 shares of the real estate investment trust’s stock worth $174,000 after buying an additional 1,002 shares during the last quarter. Finally, Mizuho Trust & Banking Co. Ltd. raised its stake in shares of Equity Commonwealth by 4.7% in the second quarter. Mizuho Trust & Banking Co. Ltd. now owns 24,314 shares of the real estate investment trust’s stock worth $708,000 after buying an additional 1,102 shares during the last quarter. 92.54% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Equity Commonwealth (NYSE:EQC) traded up 0.45% during midday trading on Thursday, hitting $30.97. The stock had a trading volume of 506,603 shares. The firm’s 50-day moving average is $30.50 and its 200 day moving average is $29.03. The company has a market capitalization of $3.89 billion, a PE ratio of 23.11 and a beta of 0.40. Equity Commonwealth has a one year low of $25.23 and a one year high of $31.91.

Equity Commonwealth (NYSE:EQC) last released its quarterly earnings data on Thursday, July 28th. The real estate investment trust reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.12. The business earned $145.37 million during the quarter, compared to the consensus estimate of $136.57 million. Equity Commonwealth had a return on equity of 6.92% and a net margin of 35.80%. The firm’s revenue was down 28.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.52 earnings per share. Equities analysts expect that Equity Commonwealth will post $1.14 earnings per share for the current fiscal year.

A number of equities research analysts have commented on EQC shares. Bank of America Corp. upgraded Equity Commonwealth from a “neutral” rating to a “buy” rating in a research report on Monday, August 15th. Zacks Investment Research lowered Equity Commonwealth from a “hold” rating to a “sell” rating in a research report on Wednesday, September 7th. Finally, Citigroup Inc. raised their price objective on Equity Commonwealth from $28.00 to $31.00 and gave the stock a “neutral” rating in a research report on Thursday, September 1st. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $32.50.

Equity Commonwealth Company Profile

Equity Commonwealth is an internally managed and self-advised real estate investment trust (REIT). The Company is engaged in the ownership and operation of office buildings throughout the United States. It operates in central business district properties and suburban properties segment. The Company’s portfolio includes approximately 60 properties (over 130 buildings) with a combined of approximately 24 million square feet.

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