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

StockNews.com downgraded shares of Equity Commonwealth (NYSE:EQCGet Rating) from a hold rating to a sell rating in a research report sent to investors on Tuesday morning.

Separately, TheStreet upgraded Equity Commonwealth from a d+ rating to a c rating in a report on Thursday, August 18th.

Equity Commonwealth Trading Down 0.9 %

EQC stock opened at $26.50 on Tuesday. The stock has a 50-day moving average price of $27.14 and a two-hundred day moving average price of $27.17. The stock has a market cap of $2.95 billion, a PE ratio of -378.52 and a beta of 0.22. Equity Commonwealth has a 1 year low of $25.00 and a 1 year high of $28.84.

Institutional Investors Weigh In On Equity Commonwealth

Institutional investors and hedge funds have recently made changes to their positions in the stock. Rockefeller Capital Management L.P. raised its stake in shares of Equity Commonwealth by 64.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,661 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 650 shares in the last quarter. SeaCrest Wealth Management LLC bought a new stake in shares of Equity Commonwealth during the 2nd quarter worth approximately $44,000. Parallel Advisors LLC raised its stake in shares of Equity Commonwealth by 18.8% during the 2nd quarter. Parallel Advisors LLC now owns 3,546 shares of the real estate investment trust’s stock worth $98,000 after purchasing an additional 560 shares in the last quarter. Captrust Financial Advisors bought a new stake in shares of Equity Commonwealth during the 2nd quarter worth approximately $119,000. Finally, Point72 Hong Kong Ltd raised its stake in shares of Equity Commonwealth by 104.9% during the 2nd quarter. Point72 Hong Kong Ltd now owns 4,339 shares of the real estate investment trust’s stock worth $119,000 after purchasing an additional 2,221 shares in the last quarter. Institutional investors own 96.94% of the company’s stock.

About Equity Commonwealth

(Get Rating)

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 same property portfolio is comprised of 4 properties and 1.5 million square feet.

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