Equity Commonwealth (NYSE:EQC) was the target of a significant decline in short interest in the month of December. As of December 31st, there was short interest totalling 2,380,000 shares, a decline of 15.3% from the December 15th total of 2,810,000 shares. Approximately 2.0% of the shares of the company are sold short. Based on an average daily volume of 549,200 shares, the short-interest ratio is presently 4.3 days.

EQC stock traded down $0.17 on Tuesday, reaching $32.49. 248,425 shares of the company’s stock were exchanged, compared to its average volume of 488,654. The stock has a fifty day moving average of $32.42 and a 200-day moving average of $32.82. Equity Commonwealth has a twelve month low of $30.43 and a twelve month high of $34.95. The firm has a market cap of $3.95 billion, a PE ratio of 47.09 and a beta of 0.25. The company has a quick ratio of 84.50, a current ratio of 84.50 and a debt-to-equity ratio of 0.01.

Equity Commonwealth (NYSE:EQC) last announced its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.03. Equity Commonwealth had a return on equity of 15.19% and a net margin of 339.90%. The firm had revenue of $26.74 million for the quarter, compared to analyst estimates of $30.94 million. During the same quarter in the prior year, the company posted $0.18 earnings per share. Equity Commonwealth’s quarterly revenue was down 42.9% on a year-over-year basis. On average, equities research analysts predict that Equity Commonwealth will post 0.8 EPS for the current fiscal year.

A number of hedge funds have recently made changes to their positions in the stock. Chesley Taft & Associates LLC grew its holdings in Equity Commonwealth by 20.2% during the fourth quarter. Chesley Taft & Associates LLC now owns 26,090 shares of the real estate investment trust’s stock worth $857,000 after acquiring an additional 4,380 shares during the period. Evoke Wealth LLC acquired a new position in Equity Commonwealth during the third quarter worth $87,000. Keeley Teton Advisors LLC grew its holdings in Equity Commonwealth by 8.2% during the third quarter. Keeley Teton Advisors LLC now owns 30,034 shares of the real estate investment trust’s stock worth $1,029,000 after acquiring an additional 2,285 shares during the period. Squarepoint Ops LLC boosted its position in Equity Commonwealth by 62.9% during the third quarter. Squarepoint Ops LLC now owns 155,427 shares of the real estate investment trust’s stock worth $5,323,000 after purchasing an additional 60,028 shares in the last quarter. Finally, Voloridge Investment Management LLC purchased a new stake in Equity Commonwealth during the third quarter worth $942,000. 95.80% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts recently weighed in on EQC shares. TheStreet lowered Equity Commonwealth from a “b” rating to a “c+” rating in a report on Friday, October 11th. ValuEngine lowered Equity Commonwealth from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th. Finally, Zacks Investment Research lowered Equity Commonwealth from a “buy” rating to a “hold” rating in a report on Wednesday, January 1st.

About Equity Commonwealth

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. As of December 31, 2018, EQC's portfolio comprised 10 properties and 5.1 million square feet.

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