Principal Financial Group Inc. decreased its position in Equity Commonwealth (NYSE:EQC) by 10.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 19,187 shares of the real estate investment trust’s stock after selling 2,227 shares during the period. Principal Financial Group Inc.’s holdings in Equity Commonwealth were worth $606,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EQC. Blair William & Co. IL bought a new position in Equity Commonwealth in the 2nd quarter worth about $202,000. SG Americas Securities LLC grew its position in Equity Commonwealth by 39.8% in the 1st quarter. SG Americas Securities LLC now owns 7,212 shares of the real estate investment trust’s stock worth $225,000 after purchasing an additional 2,052 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Equity Commonwealth by 6.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,232 shares of the real estate investment trust’s stock worth $260,000 after purchasing an additional 463 shares during the last quarter. US Bancorp DE grew its position in Equity Commonwealth by 6.2% in the 1st quarter. US Bancorp DE now owns 9,425 shares of the real estate investment trust’s stock worth $294,000 after purchasing an additional 551 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new position in Equity Commonwealth in the 2nd quarter worth about $304,000. Hedge funds and other institutional investors own 94.08% of the company’s stock.

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Shares of Equity Commonwealth (NYSE:EQC) opened at 30.49 on Thursday. Equity Commonwealth has a 52 week low of $28.04 and a 52 week high of $32.51. The stock has a 50 day moving average of $30.52 and a 200-day moving average of $31.23. The firm has a market capitalization of $3.78 billion, a price-to-earnings ratio of 35.29 and a beta of 0.14.

Equity Commonwealth (NYSE:EQC) last announced its earnings results on Monday, July 24th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.05). The firm had revenue of $91.60 million for 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 company’s revenue for the quarter was down 37.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.42 EPS. Analysts expect that Equity Commonwealth will post $0.19 earnings per share for the current year.

Several research analysts have commented on EQC shares. BidaskClub upgraded shares of Equity Commonwealth from a “strong sell” rating to a “sell” rating in a research report on Thursday, June 15th. Zacks Investment Research cut shares of Equity Commonwealth from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 27th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $33.00 target price on shares of Equity Commonwealth in a research report on Friday, July 28th.

Equity Commonwealth Profile

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 August 14, 2017, the Company’s portfolio included 20 properties and 11 million square feet.

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

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