Bluecrest Capital Management Ltd buys $8,897,373 stake in Equity Commonwealth (EQC)

Equity Commonwealth (EQC) : Bluecrest Capital Management Ltd scooped up 58,579 additional shares in Equity Commonwealth during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 3, 2016. The investment management firm now holds a total of 310,013 shares of Equity Commonwealth which is valued at $8,897,373.Equity Commonwealth makes up approximately 0.78% of Bluecrest Capital Management Ltd’s portfolio.

Other Hedge Funds, Including , Heartland Advisors Inc boosted its stake in EQC in the latest quarter, The investment management firm added 656,912 additional shares and now holds a total of 670,927 shares of Equity Commonwealth which is valued at $19,255,605. Equity Commonwealth makes up approx 1.01% of Heartland Advisors Inc’s portfolio. Checchi Capital Advisers added EQC to its portfolio by purchasing 1,023 company shares during the most recent quarter which is valued at $29,360. Equity Commonwealth makes up approx 0.01% of Checchi Capital Advisers’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in EQC in the latest quarter, The investment management firm added 19,290 additional shares and now holds a total of 21,820 shares of Equity Commonwealth which is valued at $595,686.Centurylink Investment Management Co boosted its stake in EQC in the latest quarter, The investment management firm added 22,409 additional shares and now holds a total of 49,310 shares of Equity Commonwealth which is valued at $1,346,163. Equity Commonwealth makes up approx 0.48% of Centurylink Investment Management Co’s portfolio.

Equity Commonwealth closed down -0.07 points or -0.24% at $28.75 with 4,97,766 shares getting traded on Tuesday. Post opening the session at $28.79, the shares hit an intraday low of $28.57 and an intraday high of $28.899 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Equity Commonwealth reported $0.29 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on May 4, 2016. Analyst had a consensus of $0.26. The company had revenue of $137.14 million for the quarter, compared to analysts expectations of $136.40 million. The company’s revenue was down -35.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.55 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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