Cramer Rosenthal Mcglynn LLC cut its holdings in shares of Equity Commonwealth (NYSE:EQC) by 6.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,756,514 shares of the real estate investment trust’s stock after selling 129,819 shares during the period. Cramer Rosenthal Mcglynn LLC owned about 1.42% of Equity Commonwealth worth $53,591,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Assetmark Inc. increased its stake in Equity Commonwealth by 15,236.0% during the fourth quarter. Assetmark Inc. now owns 3,834 shares of the real estate investment trust’s stock worth $117,000 after purchasing an additional 3,809 shares during the period. The Manufacturers Life Insurance Company increased its stake in Equity Commonwealth by 7.7% during the second quarter. The Manufacturers Life Insurance Company now owns 3,853 shares of the real estate investment trust’s stock worth $122,000 after purchasing an additional 275 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in Equity Commonwealth during the third quarter worth about $213,000. SG Americas Securities LLC increased its stake in Equity Commonwealth by 33.7% during the third quarter. SG Americas Securities LLC now owns 9,087 shares of the real estate investment trust’s stock worth $276,000 after purchasing an additional 2,292 shares during the period. Finally, Worth Venture Partners LLC purchased a new stake in Equity Commonwealth during the third quarter worth about $281,000. Institutional investors own 97.29% of the company’s stock.
A number of analysts have issued reports on EQC shares. Zacks Investment Research upgraded shares of Equity Commonwealth from a “sell” rating to a “hold” rating in a research note on Tuesday, December 26th. Stifel Nicolaus upgraded shares of Equity Commonwealth from a “hold” rating to a “buy” rating and boosted their price target for the stock from $31.00 to $32.00 in a research note on Friday, February 16th.
Equity Commonwealth (NYSE:EQC) last announced its quarterly earnings data on Wednesday, February 14th. The real estate investment trust reported ($0.19) EPS for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.40). Equity Commonwealth had a return on equity of 0.93% and a net margin of 8.71%. The company had revenue of $71.62 million for the quarter, compared to analyst estimates of $78.03 million. sell-side analysts anticipate that Equity Commonwealth will post 0.68 EPS for the current fiscal year.
About Equity Commonwealth
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.
Want to see what other hedge funds are holding EQC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Equity Commonwealth (NYSE:EQC).
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.