Equity Commonwealth (NYSE:EQC) Rating Lowered to Sell at StockNews.com

Equity Commonwealth (NYSE:EQC) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Friday.

Equity Commonwealth Stock Performance

NYSE:EQC opened at $19.78 on Friday. Equity Commonwealth has a 52 week low of $17.93 and a 52 week high of $21.00. The firm’s fifty day moving average is $20.02 and its 200-day moving average is $19.57. The firm has a market cap of $2.12 billion, a P/E ratio of 22.74 and a beta of 0.27.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Equity Commonwealth during the 2nd quarter valued at about $27,000. CWM LLC increased its holdings in Equity Commonwealth by 29.3% in the third quarter. CWM LLC now owns 3,097 shares of the real estate investment trust’s stock worth $62,000 after purchasing an additional 701 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in 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 buying an additional 1,084 shares during the period. Blue Trust Inc. boosted its holdings in shares of 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 worth $88,000 after buying an additional 3,738 shares in the last quarter. Finally, Quarry LP grew its position in shares of Equity Commonwealth by 629.6% during the 2nd 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 during the period. 96.00% of the stock is owned by institutional investors.

Equity Commonwealth Company Profile

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.