IHT Wealth Management LLC grew its stake in Equity Commonwealth (NYSE:EQC) by 83.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,372 shares of the real estate investment trust’s stock after purchasing an additional 9,705 shares during the quarter. IHT Wealth Management LLC’s holdings in Equity Commonwealth were worth $641,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of EQC. NumerixS Investment Technologies Inc acquired a new stake in Equity Commonwealth during the 4th quarter worth approximately $33,000. Enlightenment Research LLC acquired a new stake in Equity Commonwealth during the 4th quarter worth approximately $54,000. Redpoint Investment Management Pty Ltd acquired a new stake in Equity Commonwealth during the 4th quarter worth approximately $209,000. Legacy Financial Advisors Inc. acquired a new stake in Equity Commonwealth during the 4th quarter worth approximately $226,000. Finally, Franklin Resources Inc. acquired a new stake in Equity Commonwealth during the 3rd quarter worth approximately $238,000. 96.84% of the stock is currently owned by institutional investors.
Equity Commonwealth stock traded down $0.06 during mid-day trading on Friday, hitting $32.63. 573,750 shares of the stock were exchanged, compared to its average volume of 770,569. The company has a debt-to-equity ratio of 0.09, a quick ratio of 43.37 and a current ratio of 43.37. Equity Commonwealth has a 12 month low of $28.48 and a 12 month high of $33.77. The firm has a market cap of $3.98 billion, a price-to-earnings ratio of 47.29 and a beta of 0.33.
Equity Commonwealth (NYSE:EQC) last released its quarterly earnings results on Wednesday, February 13th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.05. The firm had revenue of $42.93 million during the quarter, compared to analyst estimates 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 was down 40.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.19 EPS. As a group, equities research analysts predict that Equity Commonwealth will post 0.47 EPS for the current fiscal year.
In other news, Director James Lloyd Lozier, Jr. sold 6,000 shares of Equity Commonwealth 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 owns 11,984 shares in the company, valued at approximately $389,000.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.30% of the company’s stock.
About Equity Commonwealth
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.