Veracity Capital LLC Has $543,000 Position in Equity Commonwealth (NYSE:EQC)

Veracity Capital LLC reduced its holdings in Equity Commonwealth (NYSE:EQC) by 50.1% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 20,902 shares of the real estate investment trust’s stock after selling 20,949 shares during the quarter. Veracity Capital LLC’s holdings in Equity Commonwealth were worth $543,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Salvus Wealth Management LLC lifted its holdings in Equity Commonwealth by 2.6% in the second quarter. Salvus Wealth Management LLC now owns 14,940 shares of the real estate investment trust’s stock valued at $390,000 after buying an additional 380 shares during the period. Worth Venture Partners LLC increased its stake in Equity Commonwealth by 4.5% in the second quarter. Worth Venture Partners LLC now owns 9,253 shares of the real estate investment trust’s stock valued at $242,000 after purchasing an additional 400 shares in the last quarter. Mayfair Advisory Group LLC increased its stake in Equity Commonwealth by 4.4% in the third quarter. Mayfair Advisory Group LLC now owns 9,759 shares of the real estate investment trust’s stock valued at $254,000 after purchasing an additional 411 shares in the last quarter. AGF Investments Inc. increased its stake in Equity Commonwealth by 7.5% in the second quarter. AGF Investments Inc. now owns 6,596 shares of the real estate investment trust’s stock valued at $173,000 after purchasing an additional 458 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its stake in Equity Commonwealth by 0.5% in the second quarter. Nomura Asset Management Co. Ltd. now owns 95,500 shares of the real estate investment trust’s stock valued at $2,502,000 after purchasing an additional 500 shares in the last quarter. Institutional investors and hedge funds own 97.32% of the company’s stock.

Shares of EQC stock opened at $26.10 on Thursday. The stock’s fifty day moving average is $26.11. Equity Commonwealth has a 12-month low of $25.40 and a 12-month high of $29.29. The company has a market capitalization of $3.16 billion, a P/E ratio of -130.49 and a beta of 0.17.

Equity Commonwealth (NYSE:EQC) last issued its quarterly earnings data on Wednesday, October 27th. The real estate investment trust reported ($0.04) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.01). Equity Commonwealth had a negative return on equity of 0.53% and a negative net margin of 28.17%. The company had revenue of $13.88 million for the quarter, compared to the consensus estimate of $14.47 million. During the same period in the prior year, the company earned $0.03 EPS. The firm’s revenue was down 15.8% on a year-over-year basis. On average, equities research analysts predict that Equity Commonwealth will post -0.06 EPS for the current year.

Several brokerages have commented on EQC. Bank of America downgraded shares of Equity Commonwealth from a “neutral” rating to an “underperform” rating and set a $28.00 target price for the company. in a research note on Monday, October 4th. Zacks Investment Research raised shares of Equity Commonwealth from a “strong sell” rating to a “hold” rating in a research note on Monday, September 13th.

Equity Commonwealth Company Profile

Equity Commonwealth operates as an internally managed and self-advised real estate investment trust. It engages in the ownership and operation of office properties. The company was founded by Barry M. Portnoy on October 9, 1986 and is headquartered in Chicago, IL.

Further Reading: Margin

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

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