Rs Investment Management Co buys $136.2 Million stake in Equity Commonwealth (EQC)

Equity Commonwealth (EQC) : Rs Investment Management Co scooped up 190,879 additional shares in Equity Commonwealth during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 4,871,347 shares of Equity Commonwealth which is valued at $136.2 Million.Equity Commonwealth makes up approximately 1.36% of Rs Investment Management Co’s portfolio.

Other Hedge Funds, Including , Landscape Capital Management L.l.c. boosted its stake in EQC in the latest quarter, The investment management firm added 70,698 additional shares and now holds a total of 209,200 shares of Equity Commonwealth which is valued at $5.8 Million. Equity Commonwealth makes up approx 0.72% of Landscape Capital Management L.l.c.’s portfolio.Oxford Asset Management boosted its stake in EQC in the latest quarter, The investment management firm added 28,011 additional shares and now holds a total of 44,369 shares of Equity Commonwealth which is valued at $1.2 Million. Equity Commonwealth makes up approx 0.05% of Oxford Asset Management’s portfolio.Nationwide Fund Advisors boosted its stake in EQC in the latest quarter, The investment management firm added 25,307 additional shares and now holds a total of 72,000 shares of Equity Commonwealth which is valued at $2.1 Million. Equity Commonwealth makes up approx 0.01% of Nationwide Fund Advisors’s portfolio.Ifp Advisors Inc boosted its stake in EQC in the latest quarter, The investment management firm added 500 additional shares and now holds a total of 738 shares of Equity Commonwealth which is valued at $21,181.State Of New Jersey Common Pension Fund D boosted its stake in EQC in the latest quarter, The investment management firm added 20,000 additional shares and now holds a total of 115,000 shares of Equity Commonwealth which is valued at $3.2 Million. Equity Commonwealth makes up approx 0.01% of State Of New Jersey Common Pension Fund D’s portfolio.

Equity Commonwealth opened for trading at $27.92 and hit $28.4 on the upside on Monday, eventually ending the session at $28.31, with a gain of 1.29% or 0.36 points. The heightened volatility saw the trading volume jump to 6,55,579 shares. Company has a market cap of $3,553 M.

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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