Paloma Partners Management Co raised its holdings in Equity Commonwealth (NYSE:EQC) by 462.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 61,254 shares of the real estate investment trust’s stock after buying an additional 50,372 shares during the quarter. Paloma Partners Management Co owned 0.05% of Equity Commonwealth worth $1,929,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Ostrum Asset Management acquired a new position in Equity Commonwealth in the first quarter valued at approximately $167,000. Solstein Capital LLC acquired a new position in Equity Commonwealth in the second quarter valued at approximately $221,000. Brown Advisory Inc. acquired a new position in Equity Commonwealth in the first quarter valued at approximately $222,000. Millennium Management LLC acquired a new position in Equity Commonwealth in the fourth quarter valued at approximately $232,000. Finally, Citadel Advisors LLC acquired a new position in Equity Commonwealth in the second quarter valued at approximately $317,000. 98.33% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:EQC opened at $32.29 on Friday. The company has a current ratio of 63.57, a quick ratio of 63.57 and a debt-to-equity ratio of 0.08. Equity Commonwealth has a twelve month low of $27.96 and a twelve month high of $32.39. The company has a market cap of $3.90 billion, a PE ratio of 35.10 and a beta of 0.23.

Equity Commonwealth (NYSE:EQC) last issued its earnings results on Monday, July 30th. The real estate investment trust reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. Equity Commonwealth had a return on equity of 7.27% and a net margin of 92.07%. The company had revenue of $48.60 million for the quarter, compared to analyst estimates of $59.06 million. During the same period in the prior year, the firm earned $0.22 earnings per share. Equity Commonwealth’s revenue for the quarter was down 46.9% on a year-over-year basis. equities analysts predict that Equity Commonwealth will post 0.68 EPS for the current fiscal year.

Several equities analysts have issued reports on the company. Zacks Investment Research raised Equity Commonwealth from a “sell” rating to a “hold” rating in a research note on Wednesday, July 18th. Citigroup boosted their price target on Equity Commonwealth from $31.00 to $32.00 and gave the company a “neutral” rating in a research note on Thursday, August 9th. ValuEngine raised Equity Commonwealth from a “hold” rating to a “buy” rating in a research note on Wednesday, August 15th. Finally, Stifel Nicolaus lowered Equity Commonwealth from a “buy” rating to a “hold” rating and set a $34.00 price target on the stock. in a research note on Wednesday, August 1st. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $33.75.

Equity Commonwealth 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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