Equity Commonwealth (NYSE:EQC) saw a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 2,380,000 shares, a drop of 15.3% from the December 15th total of 2,810,000 shares. Based on an average trading volume of 549,200 shares, the days-to-cover ratio is currently 4.3 days. Currently, 2.0% of the company’s shares are sold short.

Several institutional investors and hedge funds have recently made changes to their positions in EQC. Bank of New York Mellon Corp boosted its stake in shares of Equity Commonwealth by 13.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 699,003 shares of the real estate investment trust’s stock valued at $22,732,000 after buying an additional 84,016 shares during the period. Natixis purchased a new stake in Equity Commonwealth during the second quarter worth approximately $1,268,000. Parametric Portfolio Associates LLC lifted its stake in Equity Commonwealth by 5.3% during the second quarter. Parametric Portfolio Associates LLC now owns 617,170 shares of the real estate investment trust’s stock worth $20,070,000 after purchasing an additional 31,326 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in Equity Commonwealth by 1.9% during the second quarter. Nomura Asset Management Co. Ltd. now owns 77,720 shares of the real estate investment trust’s stock worth $2,527,000 after purchasing an additional 1,440 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its stake in Equity Commonwealth by 17.5% during the second quarter. Jacobs Levy Equity Management Inc. now owns 257,870 shares of the real estate investment trust’s stock worth $8,386,000 after purchasing an additional 38,450 shares during the last quarter. Institutional investors and hedge funds own 95.80% of the company’s stock.

A number of equities analysts recently commented on the company. ValuEngine cut Equity Commonwealth from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th. TheStreet cut Equity Commonwealth from a “b” rating to a “c+” rating in a research note on Friday, October 11th. Finally, Zacks Investment Research cut Equity Commonwealth from a “buy” rating to a “hold” rating in a research note on Wednesday, January 1st.

Shares of EQC traded down $0.17 during midday trading on Tuesday, hitting $32.49. The company had a trading volume of 248,425 shares, compared to its average volume of 488,654. The company’s 50-day simple moving average is $32.42 and its 200-day simple moving average is $32.82. The company has a debt-to-equity ratio of 0.01, a quick ratio of 84.50 and a current ratio of 84.50. The firm has a market capitalization of $3.95 billion, a P/E ratio of 47.09 and a beta of 0.25. Equity Commonwealth has a 1 year low of $30.43 and a 1 year high of $34.95.

Equity Commonwealth (NYSE:EQC) last announced its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.03. The business had revenue of $26.74 million during the quarter, compared to analysts’ expectations of $30.94 million. Equity Commonwealth had a return on equity of 15.19% and a net margin of 339.90%. The business’s quarterly revenue was down 42.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.18 EPS. Equities analysts predict that Equity Commonwealth will post 0.8 earnings per share for the current fiscal year.

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.

Recommended Story: Treasury Bonds

Receive News & Ratings for Equity Commonwealth Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equity Commonwealth and related companies with MarketBeat.com's FREE daily email newsletter.