StockNews.com Downgrades Equity Commonwealth (NYSE:EQC) to Sell

Equity Commonwealth (NYSE:EQCGet Rating) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a report released on Thursday.

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

Equity Commonwealth Price Performance

Shares of NYSE:EQC opened at $26.31 on Thursday. Equity Commonwealth has a 12 month low of $25.00 and a 12 month high of $28.84. The business has a 50-day moving average of $27.05 and a two-hundred day moving average of $27.16. The firm has a market capitalization of $2.93 billion, a PE ratio of -375.80 and a beta of 0.22.

Insider Transactions at Equity Commonwealth

In other news, EVP Orrin S. Shifrin sold 50,000 shares of the company’s stock in a transaction dated Tuesday, September 20th. The stock was sold at an average price of $26.95, for a total value of $1,347,500.00. Following the completion of the sale, the executive vice president now owns 184,345 shares of the company’s stock, valued at $4,968,097.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of EQC. Ariel Investments LLC boosted its holdings in Equity Commonwealth by 43.6% in the first quarter. Ariel Investments LLC now owns 2,905,341 shares of the real estate investment trust’s stock valued at $81,960,000 after purchasing an additional 881,703 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in Equity Commonwealth by 1,288.1% in the second quarter. Robeco Institutional Asset Management B.V. now owns 572,601 shares of the real estate investment trust’s stock valued at $15,763,000 after purchasing an additional 531,351 shares during the last quarter. State Street Corp boosted its holdings in Equity Commonwealth by 9.2% in the first quarter. State Street Corp now owns 5,665,251 shares of the real estate investment trust’s stock valued at $159,817,000 after purchasing an additional 475,759 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Equity Commonwealth by 48.8% in the second quarter. Victory Capital Management Inc. now owns 1,447,417 shares of the real estate investment trust’s stock valued at $39,848,000 after purchasing an additional 474,738 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in Equity Commonwealth by 2,667.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 440,252 shares of the real estate investment trust’s stock valued at $12,420,000 after purchasing an additional 424,344 shares during the last quarter. Hedge funds and other institutional investors own 96.94% of the company’s stock.

About Equity Commonwealth

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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.

Further Reading

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