Equity Commonwealth (NYSE:EQC) Now Covered by Analysts at StockNews.com

Investment analysts at StockNews.com started coverage on shares of Equity Commonwealth (NYSE:EQC) in a research report issued on Saturday. The brokerage set a “sell” rating on the real estate investment trust’s stock.

Equity Commonwealth Stock Performance

Equity Commonwealth stock opened at $1.58 on Friday. The company has a market capitalization of $169.73 million, a PE ratio of 4.05 and a beta of 0.57. Equity Commonwealth has a 12 month low of $1.40 and a 12 month high of $21.00. The stock has a 50-day moving average price of $1.59 and a two-hundred day moving average price of $5.22.

Hedge Funds Weigh In On Equity Commonwealth

A number of hedge funds have recently made changes to their positions in EQC. Barclays PLC raised its position in shares of Equity Commonwealth by 250.5% during the third quarter. Barclays PLC now owns 415,187 shares of the real estate investment trust’s stock worth $8,263,000 after acquiring an additional 296,742 shares during the last quarter. DGS Capital Management LLC bought a new position in shares of Equity Commonwealth during the fourth quarter worth about $53,000. First Affirmative Financial Network raised its position in shares of Equity Commonwealth by 117.0% during the fourth quarter. First Affirmative Financial Network now owns 24,831 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 13,389 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Equity Commonwealth by 107.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 251,712 shares of the real estate investment trust’s stock worth $446,000 after purchasing an additional 130,276 shares in the last quarter. Finally, Alberta Investment Management Corp lifted its stake in Equity Commonwealth by 462.3% in the fourth quarter. Alberta Investment Management Corp now owns 8,665,543 shares of the real estate investment trust’s stock valued at $15,338,000 after buying an additional 7,124,543 shares during the period. 96.00% of the stock is currently owned by institutional investors.

About Equity Commonwealth

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.