Equity Commonwealth (NYSE:EQC) Downgraded to “Sell” at StockNews.com

StockNews.com cut shares of Equity Commonwealth (NYSE:EQC) from a hold rating to a sell rating in a report issued on Friday morning.

Equity Commonwealth Stock Down 0.1 %

Shares of NYSE:EQC opened at $19.79 on Friday. Equity Commonwealth has a twelve month low of $17.93 and a twelve month high of $21.00. The stock’s 50 day moving average is $20.02 and its 200-day moving average is $19.56. The firm has a market capitalization of $2.12 billion, a price-to-earnings ratio of 22.74 and a beta of 0.27.

Hedge Funds Weigh In On Equity Commonwealth

Several large investors have recently added to or reduced their stakes in EQC. Commonwealth Equity Services LLC raised its stake in shares of Equity Commonwealth by 6.3% in the first quarter. Commonwealth Equity Services LLC now owns 112,459 shares of the real estate investment trust’s stock worth $2,123,000 after purchasing an additional 6,629 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in Equity Commonwealth by 1.2% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 49,845 shares of the real estate investment trust’s stock valued at $991,000 after buying an additional 569 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in Equity Commonwealth by 103.1% during the 1st quarter. BNP Paribas Financial Markets now owns 66,068 shares of the real estate investment trust’s stock valued at $1,247,000 after acquiring an additional 33,542 shares in the last quarter. Daiwa Securities Group Inc. boosted its holdings in Equity Commonwealth by 7.6% during the 1st quarter. Daiwa Securities Group Inc. now owns 33,935 shares of the real estate investment trust’s stock worth $641,000 after acquiring an additional 2,408 shares during the last quarter. Finally, Jennison Associates LLC bought a new stake in shares of Equity Commonwealth in the 1st quarter worth $976,000. Institutional investors own 96.00% of the company’s stock.

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.