Equity Commonwealth (NYSE:EQC - Get Free Report) was downgraded by research analysts at StockNews.com from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Friday.
Equity Commonwealth Stock Down 0.1 %
NYSE EQC traded down $0.02 during mid-day trading on Friday, hitting $19.79. The stock had a trading volume of 1,562,505 shares, compared to its average volume of 940,815. Equity Commonwealth has a 52-week low of $17.93 and a 52-week high of $21.00. The company has a market cap of $2.12 billion, a price-to-earnings ratio of 25.04 and a beta of 0.27. The company has a 50 day simple moving average of $20.03 and a 200 day simple moving average of $19.56.
Hedge Funds Weigh In On Equity Commonwealth
Several hedge funds have recently bought and sold shares of EQC. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Equity Commonwealth during the 2nd quarter valued at $27,000. CWM LLC grew its holdings in Equity Commonwealth by 29.3% during the 3rd quarter. CWM LLC now owns 3,097 shares of the real estate investment trust's stock valued at $62,000 after buying an additional 701 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in Equity Commonwealth by 35.2% during the 3rd 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 buying an additional 1,084 shares during the last quarter. Blue Trust Inc. grew its holdings in Equity Commonwealth by 459.8% during the 3rd quarter. Blue Trust Inc. now owns 4,551 shares of the real estate investment trust's stock valued at $88,000 after buying an additional 3,738 shares during the last quarter. Finally, Quarry LP grew its holdings in Equity Commonwealth by 629.6% during the 2nd quarter. Quarry LP now owns 5,932 shares of the real estate investment trust's stock valued at $115,000 after buying an additional 5,119 shares during the last quarter. 96.00% of the stock is owned by hedge funds and other institutional investors.
Equity Commonwealth Company Profile
(
Get Free Report)
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Equity Commonwealth, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Equity Commonwealth wasn't on the list.
While Equity Commonwealth currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Click the link below to learn more about how your portfolio could bloom.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
