Equity Commonwealth (NYSE:EQC) Shares Bought by Jackson Square Partners LLC
Jackson Square Partners LLC boosted its holdings in shares of Equity Commonwealth (NYSE:EQC) by 3.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,692,697 shares of the real estate investment trust’s stock after purchasing an additional 210,251 shares during the period. Jackson Square Partners LLC’s holdings in Equity Commonwealth were worth $186,094,000 at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in the stock. Vanguard Group Inc grew its holdings in shares of Equity Commonwealth by 2.4% during the 3rd quarter. Vanguard Group Inc now owns 18,189,989 shares of the real estate investment trust’s stock worth $583,717,000 after acquiring an additional 419,945 shares during the period. BlackRock Inc. boosted its position in shares of Equity Commonwealth by 1.7% in the 4th quarter. BlackRock Inc. now owns 8,766,796 shares of the real estate investment trust’s stock worth $263,091,000 after purchasing an additional 144,422 shares in the last quarter. Northern Trust Corp boosted its position in shares of Equity Commonwealth by 3.9% in the 4th quarter. Northern Trust Corp now owns 2,145,981 shares of the real estate investment trust’s stock worth $64,400,000 after purchasing an additional 80,812 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Equity Commonwealth by 0.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,961,131 shares of the real estate investment trust’s stock worth $58,853,000 after purchasing an additional 5,122 shares in the last quarter. Finally, Segall Bryant & Hamill LLC boosted its position in shares of Equity Commonwealth by 28.6% in the 4th quarter. Segall Bryant & Hamill LLC now owns 1,543,212 shares of the real estate investment trust’s stock worth $46,312,000 after purchasing an additional 342,979 shares in the last quarter. Institutional investors own 96.87% of the company’s stock.
A number of analysts have recently commented on the company. Zacks Investment Research cut Equity Commonwealth from a “buy” rating to a “hold” rating in a research report on Monday, June 3rd. TheStreet raised Equity Commonwealth from a “c+” rating to a “b” rating in a research report on Tuesday, April 30th. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Equity Commonwealth has an average rating of “Hold” and a consensus target price of $34.00.
Equity Commonwealth (NYSE:EQC) last released its quarterly earnings data on Monday, April 29th. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.03. The business had revenue of $41.75 million for the quarter, compared to analysts’ expectations of $36.17 million. Equity Commonwealth had a return on equity of 9.31% and a net margin of 164.13%. The firm’s quarterly revenue was down 28.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.14 EPS. On average, research analysts predict that Equity Commonwealth will post 0.61 earnings per share for the current year.
In related news, CFO Adam Scott Markman sold 12,500 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $31.96, for a total value of $399,500.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 1.60% of the company’s stock.
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Equity Commonwealth Company 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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