FDx Advisors Inc. bought a new stake in Equity Commonwealth (NYSE:EQC) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 18,341 shares of the real estate investment trust’s stock, valued at approximately $493,000.

Other institutional investors have also made changes to their positions in the company. Toronto Dominion Bank acquired a new position in shares of Equity Commonwealth in the 1st quarter valued at $1,029,000. Citigroup Inc. increased its stake in Equity Commonwealth by 101.9% in the 1st quarter. Citigroup Inc. now owns 206,014 shares of the real estate investment trust’s stock valued at $6,533,000 after buying an additional 103,993 shares during the period. Deutsche Bank AG increased its stake in Equity Commonwealth by 2.4% in the 1st quarter. Deutsche Bank AG now owns 111,870 shares of the real estate investment trust’s stock valued at $3,547,000 after buying an additional 2,646 shares during the period. Norges Bank acquired a new position in Equity Commonwealth in the 4th quarter valued at $42,451,000. Finally, Van ECK Associates Corp increased its stake in Equity Commonwealth by 108.7% in the 1st quarter. Van ECK Associates Corp now owns 1,480 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 771 shares during the period. 94.61% of the stock is currently owned by institutional investors and hedge funds.

NYSE:EQC opened at $31.68 on Tuesday. The company has a quick ratio of 129.65, a current ratio of 129.65 and a debt-to-equity ratio of 0.01. Equity Commonwealth has a fifty-two week low of $27.62 and a fifty-two week high of $35.08. The stock has a market cap of $3.85 billion, a PE ratio of 5.69 and a beta of 0.28. The firm’s fifty day simple moving average is $32.80 and its 200-day simple moving average is $32.50.

Equity Commonwealth (NYSE:EQC) last posted its quarterly earnings results on Monday, May 4th. The real estate investment trust reported $3.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.10 by $3.25. Equity Commonwealth had a net margin of 673.78% and a return on equity of 21.30%. The business had revenue of $18.80 million for the quarter, compared to analysts’ expectations of $27.45 million. During the same period in the prior year, the company posted $0.19 EPS. The business’s revenue for the quarter was down 54.9% on a year-over-year basis. Equities analysts anticipate that Equity Commonwealth will post 0.4 earnings per share for the current year.

Several brokerages have issued reports on EQC. Citigroup boosted their price objective on shares of Equity Commonwealth from $30.00 to $33.00 and gave the company a “neutral” rating in a research note on Tuesday, April 7th. Zacks Investment Research cut shares of Equity Commonwealth from a “hold” rating to a “sell” rating in a research note on Monday, June 15th. Finally, TheStreet raised shares of Equity Commonwealth from a “c+” rating to a “b” rating in a research note on Monday, May 4th. One investment analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $35.00.

Equity Commonwealth Profile

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

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