Segall Bryant & Hamill LLC Increases Holdings in Equity Commonwealth (EQC)

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Segall Bryant & Hamill LLC raised its holdings in shares of Equity Commonwealth (NYSE:EQC) by 28.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,543,212 shares of the real estate investment trust’s stock after buying an additional 342,979 shares during the period. Equity Commonwealth comprises 0.8% of Segall Bryant & Hamill LLC’s portfolio, making the stock its 23rd largest holding. Segall Bryant & Hamill LLC owned 1.27% of Equity Commonwealth worth $46,312,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in EQC. BlackRock Inc. increased its holdings in Equity Commonwealth by 34.6% during the third quarter. BlackRock Inc. now owns 8,622,374 shares of the real estate investment trust’s stock valued at $276,690,000 after buying an additional 2,214,889 shares during the last quarter. Bessemer Group Inc. increased its holdings in Equity Commonwealth by 64.8% during the fourth quarter. Bessemer Group Inc. now owns 1,316,639 shares of the real estate investment trust’s stock valued at $39,512,000 after buying an additional 517,578 shares during the last quarter. Vanguard Group Inc increased its holdings in Equity Commonwealth by 2.4% during the third quarter. Vanguard Group Inc now owns 18,189,989 shares of the real estate investment trust’s stock valued at $583,717,000 after buying an additional 419,945 shares during the last quarter. Vanguard Group Inc. increased its holdings in Equity Commonwealth by 2.4% during the third quarter. Vanguard Group Inc. now owns 18,189,989 shares of the real estate investment trust’s stock valued at $583,717,000 after buying an additional 419,945 shares during the last quarter. Finally, Talara Capital Management LLC purchased a new stake in Equity Commonwealth during the third quarter valued at approximately $12,889,000. 95.75% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE EQC opened at $32.76 on Thursday. The company has a debt-to-equity ratio of 0.09, a current ratio of 43.37 and a quick ratio of 43.37. The firm has a market capitalization of $3.99 billion, a PE ratio of 47.48 and a beta of 0.33. Equity Commonwealth has a 1 year low of $28.48 and a 1 year high of $33.77.

Equity Commonwealth (NYSE:EQC) last announced its quarterly earnings data on Wednesday, February 13th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.05. The firm had revenue of $42.93 million during the quarter, compared to analysts’ expectations of $44.62 million. Equity Commonwealth had a net margin of 138.47% and a return on equity of 8.58%. The company’s revenue for the quarter was down 40.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.19 earnings per share. As a group, research analysts predict that Equity Commonwealth will post 0.47 earnings per share for the current fiscal year.

Separately, Zacks Investment Research cut shares of Equity Commonwealth from a “hold” rating to a “sell” rating in a report on Monday, November 26th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $33.75.

In other news, Director James Lloyd Lozier, Jr. sold 6,000 shares of the stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $32.46, for a total value of $194,760.00. Following the completion of the sale, the director now directly owns 11,984 shares of the company’s stock, valued at $389,000.64. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.30% 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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Institutional Ownership by Quarter for Equity Commonwealth (NYSE:EQC)

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