StockNews.com began coverage on shares of Equity Commonwealth (NYSE:EQC - Get Free Report) in a report released on Friday. The brokerage set a "sell" rating on the real estate investment trust's stock.
Equity Commonwealth Stock Performance
Shares of Equity Commonwealth stock remained flat at $1.58 on Friday. The firm has a market capitalization of $169.73 million, a price-to-earnings ratio of 4.05 and a beta of 0.57. Equity Commonwealth has a 1 year low of $1.40 and a 1 year high of $21.00. The company's 50-day simple moving average is $1.60 and its 200-day simple moving average is $5.65.
Hedge Funds Weigh In On Equity Commonwealth
A number of large investors have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Equity Commonwealth during the 1st quarter worth approximately $26,000. Coldstream Capital Management Inc. acquired a new stake in Equity Commonwealth in the fourth quarter valued at $31,000. First Affirmative Financial Network raised its stake in shares of Equity Commonwealth by 117.0% during the 4th quarter. First Affirmative Financial Network now owns 24,831 shares of the real estate investment trust's stock worth $44,000 after buying an additional 13,389 shares during the last quarter. DGS Capital Management LLC purchased a new stake in shares of Equity Commonwealth in the 4th quarter worth about $53,000. Finally, Raymond James Financial Inc. acquired a new stake in Equity Commonwealth in the 4th quarter valued at about $58,000. Hedge funds and other institutional investors own 96.00% of the company's stock.
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.
Further Reading
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