Nisa Investment Advisors LLC Holds Position in Equity Commonwealth (EQC)
Nisa Investment Advisors LLC maintained its stake in shares of Equity Commonwealth (NYSE:EQC) during the second quarter, Holdings Channel reports. The institutional investor owned 16,300 shares of the real estate investment trust’s stock at the end of the second quarter. Nisa Investment Advisors LLC’s holdings in Equity Commonwealth were worth $510,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of the stock. SG Americas Securities LLC raised its stake in shares of Equity Commonwealth by 39.8% in the first quarter. SG Americas Securities LLC now owns 7,212 shares of the real estate investment trust’s stock valued at $225,000 after buying an additional 2,052 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Equity Commonwealth by 5.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,769 shares of the real estate investment trust’s stock worth $243,000 after buying an additional 433 shares in the last quarter. US Bancorp DE raised its stake in shares of Equity Commonwealth by 6.2% in the first quarter. US Bancorp DE now owns 9,425 shares of the real estate investment trust’s stock worth $294,000 after buying an additional 551 shares in the last quarter. TLP Group LLC purchased a new stake in shares of Equity Commonwealth during the first quarter worth about $297,000. Finally, Metropolitan Life Insurance Co. NY raised its stake in shares of Equity Commonwealth by 1.8% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 10,378 shares of the real estate investment trust’s stock worth $314,000 after buying an additional 184 shares in the last quarter. 93.19% of the stock is currently owned by institutional investors.
Shares of Equity Commonwealth (NYSE EQC) traded down 0.20% during mid-day trading on Thursday, hitting $30.61. The stock had a trading volume of 112,202 shares. The stock has a 50 day moving average price of $31.57 and a 200-day moving average price of $31.42. The company has a market cap of $3.80 billion, a PE ratio of 35.51 and a beta of 0.08. Equity Commonwealth has a 52-week low of $28.04 and a 52-week high of $32.51.
Equity Commonwealth (NYSE:EQC) last released its quarterly earnings results on Monday, July 24th. The real estate investment trust reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by $0.05. The firm had revenue of $91.60 million during the quarter, compared to analyst estimates of $98.55 million. Equity Commonwealth had a return on equity of 3.69% and a net margin of 28.50%. The business’s revenue was down 37.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.42 EPS. On average, equities analysts expect that Equity Commonwealth will post $0.19 earnings per share for the current fiscal year.
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A number of brokerages have recently issued reports on EQC. Zacks Investment Research raised Equity Commonwealth from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a research note on Monday, May 8th. BidaskClub raised Equity Commonwealth from a “strong sell” rating to a “sell” rating in a research note on Thursday, June 15th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $33.00 price target on shares of Equity Commonwealth in a research note on Friday, July 28th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $32.75.
About Equity Commonwealth
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 December 31, 2016, the Company’s portfolio included 33 properties, one land parcel and one property taken out of a service, classified as a land parcel, with a combined 16.1 million square feet.
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