Equity Commonwealth (NYSE:EQC) posted its earnings results on Wednesday. The real estate investment trust reported $0.19 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.01), Briefing.com reports. Equity Commonwealth had a return on equity of 2.00% and a net margin of 17.04%. The business had revenue of $71.62 million for the quarter, compared to analyst estimates of $73.89 million. During the same quarter in the prior year, the business earned $0.22 earnings per share. The firm’s quarterly revenue was down 30.8% on a year-over-year basis.

Equity Commonwealth (NYSE:EQC) traded down $0.09 during trading on Wednesday, reaching $28.55. 701,033 shares of the company’s stock traded hands, compared to its average volume of 740,898. 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 52-week low of $27.96 and a 52-week high of $32.51. The company has a market cap of $3,573.77, a price-to-earnings ratio of 64.89 and a beta of 0.03.

An institutional investor recently raised its position in Equity Commonwealth stock. The Manufacturers Life Insurance Company grew its position in shares of Equity Commonwealth (NYSE:EQC) by 7.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,853 shares of the real estate investment trust’s stock after purchasing an additional 275 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in Equity Commonwealth were worth $122,000 as of its most recent SEC filing. 94.81% of the stock is owned by hedge funds and other institutional investors.

Several research firms have issued reports on EQC. Stifel Nicolaus restated a “hold” rating and set a $31.00 price target on shares of Equity Commonwealth in a report on Thursday, October 26th. Zacks Investment Research lowered shares of Equity Commonwealth from a “hold” rating to a “sell” rating in a report on Thursday, October 19th.

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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 August 14, 2017, the Company’s portfolio included 20 properties and 11 million square feet.

Earnings History for Equity Commonwealth (NYSE:EQC)

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