Artisan Partners Limited Partnership lifted its stake in Equity Commonwealth (NYSE:EQC) by 12.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,780,921 shares of the real estate investment trust’s stock after purchasing an additional 431,472 shares during the period. Artisan Partners Limited Partnership owned about 3.05% of Equity Commonwealth worth $114,940,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of EQC. Aperio Group LLC grew its holdings in shares of Equity Commonwealth by 19.8% in the second quarter. Aperio Group LLC now owns 54,390 shares of the real estate investment trust’s stock worth $1,719,000 after purchasing an additional 8,992 shares during the last quarter. NGAM Advisors L.P. bought a new position in shares of Equity Commonwealth in the second quarter worth about $1,751,000. Honeywell International Inc. bought a new position in shares of Equity Commonwealth in the second quarter worth about $1,253,000. TD Asset Management Inc. grew its holdings in shares of Equity Commonwealth by 8.6% in the second quarter. TD Asset Management Inc. now owns 40,600 shares of the real estate investment trust’s stock worth $1,283,000 after purchasing an additional 3,200 shares during the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in shares of Equity Commonwealth in the second quarter worth about $2,749,000. Hedge funds and other institutional investors own 95.29% of the company’s stock.

Equity Commonwealth (NYSE:EQC) opened at $30.20 on Friday. The company has a current ratio of 41.39, a quick ratio of 41.39 and a debt-to-equity ratio of 0.27. Equity Commonwealth has a 1-year low of $28.72 and a 1-year high of $32.51. The stock has a market cap of $3,747.49, a PE ratio of 31.13 and a beta of 0.10.

Equity Commonwealth (NYSE:EQC) last issued its earnings results on Tuesday, October 24th. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 quarter in the previous year, the company earned $0.23 earnings per share. The firm’s revenue was down 32.1% on a year-over-year basis. equities analysts anticipate that Equity Commonwealth will post 0.9 earnings per share for the current year.

EQC has been the topic of several recent research reports. Zacks Investment Research cut shares of Equity Commonwealth from a “hold” rating to a “sell” rating in a report on Thursday, October 19th. Stifel Nicolaus reiterated a “hold” rating and set a $31.00 target price on shares of Equity Commonwealth in a report on Thursday, October 26th.

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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.

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

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