Teacher Retirement System of Texas raised its position in Equity Commonwealth (NYSE:EQC) by 757.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 84,727 shares of the real estate investment trust’s stock after buying an additional 74,840 shares during the period. Teacher Retirement System of Texas owned about 0.07% of Equity Commonwealth worth $2,576,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company boosted its holdings in Equity Commonwealth by 7.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,853 shares of the real estate investment trust’s stock worth $122,000 after buying an additional 275 shares during the last quarter. Archford Capital Strategies LLC boosted its holdings in Equity Commonwealth by 38,920.0% in the 2nd quarter. Archford Capital Strategies LLC now owns 5,853 shares of the real estate investment trust’s stock worth $418,000 after buying an additional 5,838 shares during the last quarter. Blair William & Co. IL acquired a new stake in Equity Commonwealth in the 2nd quarter worth about $202,000. Fox Run Management L.L.C. acquired a new stake in Equity Commonwealth in the 3rd quarter worth about $240,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings 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 buying an additional 463 shares during the last quarter. Institutional investors own 94.91% of the company’s stock.
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Equity Commonwealth (NYSE:EQC) last issued its earnings results on Tuesday, October 24th. The real estate investment trust reported $0.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.05). The company had revenue of $77.80 million for the quarter, compared to analyst estimates of $92.13 million. Equity Commonwealth had a return on equity of 2.00% and a net margin of 17.04%. The company’s revenue for the quarter was down 32.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.23 earnings per share. research analysts predict that Equity Commonwealth will post 0.9 earnings per share for the current year.
EQC has been the topic of several research analyst reports. Zacks Investment Research upgraded Equity Commonwealth from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 4th. Stifel Nicolaus reiterated a “hold” rating and issued a $33.00 price objective on shares of Equity Commonwealth in a report on Thursday, September 21st.
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.
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