Equity Commonwealth (EQC) Position Lifted by Boothbay Fund Management LLC

Boothbay Fund Management LLC raised its stake in shares of Equity Commonwealth (NYSE:EQC) by 32.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 24,248 shares of the real estate investment trust’s stock after purchasing an additional 5,885 shares during the quarter. Boothbay Fund Management LLC’s holdings in Equity Commonwealth were worth $737,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the company. Gruss Capital Management LP bought a new position in shares of Equity Commonwealth during the 3rd quarter worth about $9,728,000. Artisan Partners Limited Partnership boosted its position in shares of Equity Commonwealth by 12.9% during the 3rd quarter. Artisan Partners Limited Partnership now owns 3,780,921 shares of the real estate investment trust’s stock valued at $114,940,000 after acquiring an additional 431,472 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Equity Commonwealth by 2.9% in the third quarter. Dimensional Fund Advisors LP now owns 1,823,968 shares of the real estate investment trust’s stock valued at $55,449,000 after buying an additional 50,867 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in Equity Commonwealth by 7.5% in the third quarter. Schwab Charles Investment Management Inc. now owns 1,461,833 shares of the real estate investment trust’s stock valued at $44,440,000 after buying an additional 101,741 shares in the last quarter. Finally, Nuance Investments LLC acquired a new position in Equity Commonwealth in the third quarter valued at about $44,207,000. Institutional investors own 95.29% of the company’s stock.

Shares of Equity Commonwealth (NYSE EQC) opened at $30.17 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 41.39 and a current ratio of 41.39. The firm has a market cap of $3,733.85, a P/E ratio of 31.02 and a beta of 0.10. Equity Commonwealth has a 12 month low of $28.99 and a 12 month high of $32.51.

Equity Commonwealth (NYSE:EQC) last posted its quarterly earnings results on Tuesday, October 24th. The real estate investment trust reported $0.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.05). Equity Commonwealth had a return on equity of 2.00% and a net margin of 17.04%. The business had revenue of $77.80 million for the quarter, compared to the consensus estimate of $92.13 million. During the same period last year, the firm earned $0.23 earnings per share. The company’s quarterly revenue was down 32.1% on a year-over-year basis. analysts predict that Equity Commonwealth will post 0.9 EPS for the current year.

A number of research firms have commented on EQC. Stifel Nicolaus restated a “hold” rating and issued a $31.00 price target on shares of Equity Commonwealth in a research report on Thursday, October 26th. Zacks Investment Research lowered shares of Equity Commonwealth from a “hold” rating to a “sell” rating in a research report on Thursday, October 19th.

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

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