TheStreet downgraded shares of Equity Commonwealth (NYSE:EQC) from a b- rating to a c rating in a report released on Thursday, TheStreetRatingsTable reports.
Several other research analysts have also recently issued reports on the company. Citigroup raised their target price on Equity Commonwealth from $30.00 to $33.00 and gave the stock a neutral rating in a research report on Tuesday, April 7th. Zacks Investment Research raised Equity Commonwealth from a sell rating to a hold rating in a research report on Wednesday, July 15th. Four analysts have rated the stock with a hold rating, Equity Commonwealth presently has a consensus rating of Hold and a consensus price target of $35.00.
Shares of NYSE:EQC opened at $31.57 on Thursday. The stock has a market capitalization of $3.84 billion, a price-to-earnings ratio of 65.77 and a beta of 0.27. The company has a debt-to-equity ratio of 0.01, a quick ratio of 129.65 and a current ratio of 129.65. The stock’s 50-day simple moving average is $31.90 and its two-hundred day simple moving average is $32.42. Equity Commonwealth has a 52-week low of $27.62 and a 52-week high of $35.08.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Ellevest Inc. bought a new position in shares of Equity Commonwealth in the first quarter worth about $26,000. Weaver Consulting Group raised its stake in shares of Equity Commonwealth by 85.1% in the second quarter. Weaver Consulting Group now owns 870 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 400 shares during the period. Van ECK Associates Corp raised its stake in shares of Equity Commonwealth by 108.7% in the first quarter. Van ECK Associates Corp now owns 1,480 shares of the real estate investment trust’s stock worth $47,000 after buying an additional 771 shares during the period. Pacer Advisors Inc. bought a new position in shares of Equity Commonwealth in the second quarter worth about $149,000. Finally, First Hawaiian Bank bought a new position in shares of Equity Commonwealth in the first quarter worth about $205,000. 94.42% of the stock is currently owned by hedge funds and other 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. As of December 31, 2018, EQC's portfolio comprised 10 properties and 5.1 million square feet.
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