Hgi Capital Management buys $2,534,218 stake in Equity Commonwealth (EQC)

Equity Commonwealth (EQC) : Hgi Capital Management scooped up 26,184 additional shares in Equity Commonwealth during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 85,098 shares of Equity Commonwealth which is valued at $2,534,218.Equity Commonwealth makes up approximately 3.99% of Hgi Capital Management’s portfolio.

Other Hedge Funds, Including , Frontier Investment Mgmt Co reduced its stake in EQC by selling 4,301 shares or 2.44% in the most recent quarter. The Hedge Fund company now holds 171,671 shares of EQC which is valued at $5,112,362. Equity Commonwealth makes up approx 0.63% of Frontier Investment Mgmt Co’s portfolio.Ubs Asset Management Americas Inc boosted its stake in EQC in the latest quarter, The investment management firm added 12,569 additional shares and now holds a total of 244,421 shares of Equity Commonwealth which is valued at $7,256,859. Equity Commonwealth makes up approx 0.01% of Ubs Asset Management Americas Inc’s portfolio.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.

Equity Commonwealth opened for trading at $30.63 and hit $31.12 on the upside on Monday, eventually ending the session at $30.95, with a gain of 1.21% or 0.37 points. The heightened volatility saw the trading volume jump to 7,80,122 shares. Company has a market cap of $3,885 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.

Many Wall Street Analysts have commented on Equity Commonwealth. Equity Commonwealth was Upgraded by BofA/Merrill to ” Buy” on Aug 15, 2016.

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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