APG Asset Management N.V. Takes Position in Equity Commonwealth (EQC)

APG Asset Management N.V. bought a new position in Equity Commonwealth (NYSE:EQC) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 856,400 shares of the real estate investment trust’s stock, valued at approximately $22,482,000. APG Asset Management N.V. owned 0.70% of Equity Commonwealth at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EQC. NumerixS Investment Technologies Inc acquired a new position in Equity Commonwealth in the 4th quarter worth $33,000. Enlightenment Research LLC acquired a new position in Equity Commonwealth in the 4th quarter worth $54,000. Redpoint Investment Management Pty Ltd acquired a new position in Equity Commonwealth in the 4th quarter worth $209,000. Legacy Financial Advisors Inc. acquired a new position in Equity Commonwealth in the 4th quarter worth $226,000. Finally, Franklin Resources Inc. acquired a new position in Equity Commonwealth in the 3rd quarter worth $238,000. 96.84% of the stock is owned by hedge funds and other institutional investors.

In other news, Director James Lloyd Lozier, Jr. sold 6,000 shares of the stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $32.46, for a total transaction of $194,760.00. Following the completion of the transaction, the director now directly owns 11,984 shares in the company, valued at approximately $389,000.64. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 1.30% of the company’s stock.

NYSE EQC traded down $0.12 on Monday, reaching $32.51. The company had a trading volume of 548,260 shares, compared to its average volume of 654,552. The firm has a market cap of $3.97 billion, a PE ratio of 47.12 and a beta of 0.33. The company has a current ratio of 43.37, a quick ratio of 43.37 and a debt-to-equity ratio of 0.09. 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 earnings results on Wednesday, February 13th. The real estate investment trust reported $0.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.05. Equity Commonwealth had a net margin of 138.47% and a return on equity of 8.58%. The firm had revenue of $42.93 million during the quarter, compared to analyst estimates of $44.62 million. During the same period in the prior year, the business earned $0.19 EPS. The company’s revenue for the quarter was down 40.1% compared to the same quarter last year. Equities research analysts forecast that Equity Commonwealth will post 0.47 EPS for the current year.

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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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