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

Equity Commonwealth (NYSE:EQC) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday.

Equity Commonwealth Stock Down 0.1 %

NYSE EQC traded down $0.02 during mid-day trading on Friday, hitting $19.79. The stock had a trading volume of 1,562,505 shares, compared to its average volume of 940,815. Equity Commonwealth has a 52-week low of $17.93 and a 52-week high of $21.00. The company has a market cap of $2.12 billion, a price-to-earnings ratio of 25.04 and a beta of 0.27. The company has a 50 day simple moving average of $20.03 and a 200 day simple moving average of $19.56.

Hedge Funds Weigh In On Equity Commonwealth

Several hedge funds have recently bought and sold shares of EQC. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Equity Commonwealth during the 2nd quarter valued at $27,000. CWM LLC grew its holdings in Equity Commonwealth by 29.3% during the 3rd quarter. CWM LLC now owns 3,097 shares of the real estate investment trust’s stock valued at $62,000 after buying an additional 701 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in Equity Commonwealth by 35.2% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,165 shares of the real estate investment trust’s stock valued at $83,000 after buying an additional 1,084 shares during the last quarter. Blue Trust Inc. grew its holdings in Equity Commonwealth by 459.8% during the 3rd quarter. Blue Trust Inc. now owns 4,551 shares of the real estate investment trust’s stock valued at $88,000 after buying an additional 3,738 shares during the last quarter. Finally, Quarry LP grew its holdings in Equity Commonwealth by 629.6% during the 2nd quarter. Quarry LP now owns 5,932 shares of the real estate investment trust’s stock valued at $115,000 after buying an additional 5,119 shares during the last quarter. 96.00% of the stock is owned by hedge funds and other institutional investors.

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.