DekaBank Deutsche Girozentrale trimmed its holdings in Equity Commonwealth (NYSE:EQC) by 70.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,691 shares of the real estate investment trust’s stock after selling 6,438 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Equity Commonwealth were worth $72,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. BlackRock Inc. lifted its stake in shares of Equity Commonwealth by 0.7% in the 4th quarter. BlackRock Inc. now owns 8,590,414 shares of the real estate investment trust’s stock valued at $234,347,000 after purchasing an additional 59,950 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in Equity Commonwealth by 41.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,911,982 shares of the real estate investment trust’s stock worth $161,279,000 after purchasing an additional 1,727,567 shares in the last quarter. Northern Trust Corp increased its holdings in Equity Commonwealth by 27.7% during the 4th quarter. Northern Trust Corp now owns 1,755,282 shares of the real estate investment trust’s stock worth $47,883,000 after purchasing an additional 380,713 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Equity Commonwealth by 1.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,539,390 shares of the real estate investment trust’s stock worth $41,995,000 after purchasing an additional 29,353 shares in the last quarter. Finally, Ariel Investments LLC increased its holdings in Equity Commonwealth by 55.1% during the 4th quarter. Ariel Investments LLC now owns 1,351,000 shares of the real estate investment trust’s stock worth $36,855,000 after purchasing an additional 479,787 shares in the last quarter. 92.41% of the stock is currently owned by institutional investors.

EQC stock opened at $28.85 on Wednesday. The firm has a market cap of $3.51 billion, a PE ratio of 7.88 and a beta of 0.23. The business has a 50 day moving average of $28.37 and a 200-day moving average of $27.54. Equity Commonwealth has a 12-month low of $25.80 and a 12-month high of $35.08.

Equity Commonwealth (NYSE:EQC) last released its earnings results on Tuesday, February 9th. The real estate investment trust reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.05). The business had revenue of $14.71 million during the quarter, compared to the consensus estimate of $14.94 million. Equity Commonwealth had a net margin of 604.59% and a return on equity of 14.07%. The business’s revenue was down 43.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.16 earnings per share. On average, equities research analysts anticipate that Equity Commonwealth will post 0.16 earnings per share for the current year.

Separately, Zacks Investment Research lowered Equity Commonwealth from a “hold” rating to a “sell” rating in a report on Wednesday, February 17th.

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. EQC's same property portfolio is comprised of 4 properties and 1.5 million square feet.

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

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