StockNews.com cut shares of Equity Commonwealth (NYSE:EQC – Free Report) from a hold rating to a sell rating in a research note released on Friday morning.
Equity Commonwealth Stock Performance
Shares of NYSE EQC opened at $19.83 on Friday. The firm has a market cap of $2.13 billion, a price-to-earnings ratio of 22.79 and a beta of 0.27. The business’s 50-day simple moving average is $20.01 and its 200-day simple moving average is $19.58. Equity Commonwealth has a 52 week low of $17.93 and a 52 week high of $21.00.
Hedge Funds Weigh In On Equity Commonwealth
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Equity Commonwealth in the 2nd quarter valued at $27,000. CWM LLC increased its position in shares of Equity Commonwealth by 29.3% during the third quarter. CWM LLC now owns 3,097 shares of the real estate investment trust’s stock valued at $62,000 after purchasing an additional 701 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Equity Commonwealth by 35.2% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,165 shares of the real estate investment trust’s stock valued at $83,000 after purchasing an additional 1,084 shares in the last quarter. Blue Trust Inc. lifted its position in Equity Commonwealth by 459.8% in the third quarter. Blue Trust Inc. now owns 4,551 shares of the real estate investment trust’s stock worth $88,000 after purchasing an additional 3,738 shares during the period. Finally, Quarry LP boosted its stake in Equity Commonwealth by 629.6% during the second quarter. Quarry LP now owns 5,932 shares of the real estate investment trust’s stock worth $115,000 after buying an additional 5,119 shares in the last quarter. Institutional investors own 96.00% of the company’s stock.
About Equity Commonwealth
Equity Commonwealth (NYSE: EQC) is a Chicago based, internally managed and self-advised real estate investment trust (REIT) with commercial office properties in the United States. EQC's portfolio is comprised of four properties totaling 1.5 million square feet.
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