Deutsche Bank AG grew its stake in shares of HRPT Properties Trust (NYSE:EQC) by 57.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 845,108 shares of the real estate investment trust’s stock after purchasing an additional 307,096 shares during the period. Deutsche Bank AG owned approximately 0.68% of HRPT Properties Trust worth $25,781,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of EQC. The Manufacturers Life Insurance Company raised its stake in shares of HRPT Properties Trust by 7.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,853 shares of the real estate investment trust’s stock worth $122,000 after buying an additional 275 shares during the last quarter. Teacher Retirement System of Texas raised its stake in HRPT Properties Trust by 757.0% in the 3rd quarter. Teacher Retirement System of Texas now owns 84,727 shares of the real estate investment trust’s stock valued at $2,576,000 after purchasing an additional 74,840 shares during the last quarter. DekaBank Deutsche Girozentrale increased its stake in shares of HRPT Properties Trust by 75.2% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 16,846 shares of the real estate investment trust’s stock valued at $515,000 after acquiring an additional 7,228 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of HRPT Properties Trust by 1.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 778,743 shares of the real estate investment trust’s stock valued at $23,674,000 after acquiring an additional 14,256 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of HRPT Properties Trust during the 3rd quarter valued at about $284,000. Institutional investors own 97.25% of the company’s stock.
A number of brokerages have recently issued reports on EQC. Stifel Nicolaus upgraded HRPT Properties Trust from a “hold” rating to a “buy” rating and boosted their target price for the stock from $31.00 to $32.00 in a report on Friday, February 16th. Zacks Investment Research raised HRPT Properties Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, December 26th.
EQC stock traded down $0.18 during trading hours on Thursday, hitting $30.21. 602,434 shares of the stock traded hands, compared to its average volume of 826,562. The company has a quick ratio of 39.45, a current ratio of 39.45 and a debt-to-equity ratio of 0.27. HRPT Properties Trust has a one year low of $27.96 and a one year high of $32.51. The stock has a market capitalization of $3,763.95, a P/E ratio of 32.84 and a beta of 0.08.
HRPT Properties Trust (NYSE:EQC) last announced its quarterly earnings data on Wednesday, February 14th. The real estate investment trust reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.40). HRPT Properties Trust had a return on equity of 0.93% and a net margin of 8.71%. The business had revenue of $71.62 million during the quarter, compared to analysts’ expectations of $78.03 million. sell-side analysts anticipate that HRPT Properties Trust will post 0.64 earnings per share for the current year.
HRPT Properties Trust announced that its board has initiated a share buyback plan on Wednesday, March 14th that allows the company to repurchase $150.00 million in outstanding shares. This repurchase authorization allows the real estate investment trust to reacquire shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.
In other news, Director James Lloyd Lozier, Jr. sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, March 27th. The stock was sold at an average price of $30.01, for a total transaction of $180,060.00. Following the completion of the sale, the director now directly owns 14,784 shares of the company’s stock, valued at approximately $443,667.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.03% of the stock is owned by company insiders.
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