Equities research analysts at StockNews.com assumed coverage on shares of Equity Commonwealth (NYSE:EQC - Get Free Report) in a note issued to investors on Thursday. The brokerage set a "sell" rating on the real estate investment trust's stock.
Equity Commonwealth Price Performance
EQC stock opened at $1.58 on Thursday. Equity Commonwealth has a 52-week low of $1.40 and a 52-week high of $21.00. The company has a 50-day moving average of $1.61 and a two-hundred day moving average of $6.73. The stock has a market capitalization of $169.73 million, a price-to-earnings ratio of 4.05 and a beta of 0.57.
Institutional Investors Weigh In On Equity Commonwealth
Hedge funds have recently made changes to their positions in the stock. Barclays PLC lifted its stake in shares of Equity Commonwealth by 250.5% in the third quarter. Barclays PLC now owns 415,187 shares of the real estate investment trust's stock valued at $8,263,000 after buying an additional 296,742 shares during the period. DLD Asset Management LP bought a new stake in shares of Equity Commonwealth in the fourth quarter valued at about $731,000. Raymond James Financial Inc. bought a new stake in shares of Equity Commonwealth in the fourth quarter valued at about $58,000. Norges Bank bought a new stake in shares of Equity Commonwealth in the fourth quarter valued at about $264,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Equity Commonwealth by 107.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 251,712 shares of the real estate investment trust's stock valued at $446,000 after buying an additional 130,276 shares during the period. 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.
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