Equity Commonwealth (NYSE:EQC – Get Rating) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Wednesday.
Equity Commonwealth Price Performance
Shares of EQC opened at $20.61 on Wednesday. Equity Commonwealth has a one year low of $19.41 and a one year high of $28.20. The company has a market cap of $2.26 billion, a P/E ratio of 44.80, a P/E/G ratio of 1.87 and a beta of 0.30. The firm has a 50 day simple moving average of $20.68 and a two-hundred day simple moving average of $22.98.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the stock. Ariel Investments LLC increased its holdings in shares of Equity Commonwealth by 17.6% during the fourth quarter. Ariel Investments LLC now owns 6,029,652 shares of the real estate investment trust’s stock worth $150,560,000 after buying an additional 904,535 shares in the last quarter. State Street Corp increased its holdings in shares of Equity Commonwealth by 9.2% during the first quarter. State Street Corp now owns 5,665,251 shares of the real estate investment trust’s stock worth $159,817,000 after buying an additional 475,759 shares in the last quarter. Segall Bryant & Hamill LLC increased its holdings in shares of Equity Commonwealth by 1.8% during the first quarter. Segall Bryant & Hamill LLC now owns 4,592,629 shares of the real estate investment trust’s stock worth $95,113,000 after buying an additional 79,617 shares in the last quarter. Burgundy Asset Management Ltd. increased its holdings in shares of Equity Commonwealth by 200.5% during the first quarter. Burgundy Asset Management Ltd. now owns 2,673,189 shares of the real estate investment trust’s stock worth $55,362,000 after buying an additional 1,783,462 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Equity Commonwealth by 4.7% in the first quarter. Geode Capital Management LLC now owns 2,256,705 shares of the real estate investment trust’s stock valued at $46,736,000 after purchasing an additional 101,982 shares during the period. 93.39% of the stock is currently owned by institutional investors and hedge funds.
About Equity Commonwealth
Equity Commonwealth operates as an internally managed and self-advised real estate investment trust. It engages in the ownership and operation of office properties. The company was founded by Barry M. Portnoy on October 9, 1986 and is headquartered in Chicago, IL.
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