Great West Life Assurance Co. Can boosted its stake in Equity Commonwealth (NYSE:EQC) by 0.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 72,038 shares of the real estate investment trust’s stock after buying an additional 170 shares during the period. Great West Life Assurance Co. Can owned 0.06% of Equity Commonwealth worth $2,275,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. NGAM Advisors L.P. purchased a new stake in Equity Commonwealth during the second quarter valued at about $1,751,000. Manning & Napier Advisors LLC raised its position in shares of Equity Commonwealth by 44.1% in the second quarter. Manning & Napier Advisors LLC now owns 201,165 shares of the real estate investment trust’s stock valued at $6,355,000 after buying an additional 61,535 shares during the last quarter. Peregrine Capital Management LLC raised its position in shares of Equity Commonwealth by 2.0% in the second quarter. Peregrine Capital Management LLC now owns 316,960 shares of the real estate investment trust’s stock valued at $10,016,000 after buying an additional 6,331 shares during the last quarter. Aperio Group LLC raised its position 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 valued at $1,719,000 after buying an additional 8,992 shares during the last quarter. Finally, Chesley Taft & Associates LLC raised its position in shares of Equity Commonwealth by 5.6% in the second quarter. Chesley Taft & Associates LLC now owns 20,760 shares of the real estate investment trust’s stock valued at $656,000 after buying an additional 1,100 shares during the last quarter. 93.36% of the stock is currently owned by institutional investors.

Equity Commonwealth (EQC) opened at 30.35 on Thursday. The stock has a market cap of $3.77 billion, a price-to-earnings ratio of 35.21 and a beta of 0.08. The company has a 50-day moving average of $31.20 and a 200 day moving average of $31.37. Equity Commonwealth has a 12-month low of $28.04 and a 12-month high of $32.51.

Equity Commonwealth (NYSE:EQC) last announced its quarterly earnings data on Monday, July 24th. The real estate investment trust reported $0.22 EPS for the quarter, missing the Zacks’ consensus estimate of $0.27 by $0.05. The firm had revenue of $91.60 million for the quarter, compared to analysts’ expectations of $98.55 million. Equity Commonwealth had a return on equity of 3.69% and a net margin of 28.50%. The firm’s quarterly revenue was down 37.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.42 EPS. Equities analysts anticipate that Equity Commonwealth will post $0.19 earnings per share for the current year.

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Several research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Equity Commonwealth from a “hold” rating to a “strong sell” rating in a report on Thursday, July 27th. Stifel Nicolaus reiterated a “hold” rating and set a $33.00 price objective on shares of Equity Commonwealth in a report on Friday, July 28th. Finally, BidaskClub upgraded shares of Equity Commonwealth from a “strong sell” rating to a “sell” rating in a report on Thursday, June 15th. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $32.75.

Equity Commonwealth Company 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 December 31, 2016, the Company’s portfolio included 33 properties, one land parcel and one property taken out of a service, classified as a land parcel, with a combined 16.1 million square feet.

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

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