Pekin Singer Strauss Asset Management Il Lowers stake in Equity Commonwealth (EQC)

Equity Commonwealth (EQC) : Pekin Singer Strauss Asset Management Il reduced its stake in Equity Commonwealth by 4.28% during the most recent quarter end. The investment management company now holds a total of 488,614 shares of Equity Commonwealth which is valued at $14,633,989 after selling 21,868 shares in Equity Commonwealth , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Equity Commonwealth makes up approximately 3.12% of Pekin Singer Strauss Asset Management Il’s portfolio.

Other Hedge Funds, Including , Mizuho Trust Banking Ltd. boosted its stake in EQC in the latest quarter, The investment management firm added 1,102 additional shares and now holds a total of 24,314 shares of Equity Commonwealth which is valued at $728,204.Goodwin Daniel L reduced its stake in EQC by selling 13,188 shares or 60.47% in the most recent quarter. The Hedge Fund company now holds 8,622 shares of EQC which is valued at $258,832. Equity Commonwealth makes up approx 0.08% of Goodwin Daniel L’s portfolio.New York State Teachers Retirement System reduced its stake in EQC by selling 100 shares or 0.88% in the most recent quarter. The Hedge Fund company now holds 11,200 shares of EQC which is valued at $329,840.Checchi Capital Advisers boosted its stake in EQC in the latest quarter, The investment management firm added 425 additional shares and now holds a total of 1,448 shares of Equity Commonwealth which is valued at $42,644. Equity Commonwealth makes up approx 0.01% of Checchi Capital Advisers’s portfolio. Id Management As added EQC to its portfolio by purchasing 4,848 company shares during the most recent quarter which is valued at $142,192. Equity Commonwealth makes up approx 0.04% of Id Management As’s portfolio.

Equity Commonwealth opened for trading at $29.6 and hit $29.68 on the upside on Monday, eventually ending the session at $29.65, with a gain of 0.14% or 0.04 points. The heightened volatility saw the trading volume jump to 11,41,940 shares. Company has a market cap of $3,722 M.

On the company’s financial health, Equity Commonwealth reported $0.42 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.30. The company had revenue of $145.37 million for the quarter, compared to analysts expectations of $136.57 million. The company’s revenue was down -28.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.52 EPS.

Equity Commonwealth (EQC) is an internally managed and self-advised real estate investment trust (REIT). The Company is engaged in the ownership and operation primarily of office buildings in central business district (CBD) and suburban locations throughout the United States. The Company’s two reportable segments include CBD properties and suburban properties. Its portfolio consists of 156 properties (262 buildings) with a combined 42.9 million square feet. The Company’s portfolio comprises 40 properties (53 buildings) with a combined 21.9 million square feet located in CBD locations and 116 properties (209 buildings) with a combined 21.0 million square feet located in suburban locations. Eleven of its properties (11 buildings) with a combined 1.8 million square feet are located in Australia. The Company’s properties are leased to approximately 1800 tenants. Its principal source of funds for its operations is rents from tenants at its properties.

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