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

StockNews.com lowered shares of Equity Commonwealth (NYSE:EQC) from a hold rating to a sell rating in a research report report published on Friday morning.

Equity Commonwealth Stock Performance

NYSE EQC opened at $19.78 on Friday. Equity Commonwealth has a 1 year low of $17.93 and a 1 year high of $21.00. The business’s fifty day moving average is $20.02 and its two-hundred day moving average is $19.58. The stock has a market capitalization of $2.12 billion, a P/E ratio of 22.74 and a beta of 0.27.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of EQC. Manning & Napier Advisors LLC purchased a new position in Equity Commonwealth during the 2nd quarter valued at about $3,463,000. Empowered Funds LLC purchased a new position in Equity Commonwealth during the first quarter valued at approximately $2,162,000. BNP Paribas Financial Markets increased its stake in Equity Commonwealth by 103.1% in the 1st quarter. BNP Paribas Financial Markets now owns 66,068 shares of the real estate investment trust’s stock valued at $1,247,000 after buying an additional 33,542 shares during the period. Harbor Capital Advisors Inc. lifted its position in Equity Commonwealth by 273.4% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 65,417 shares of the real estate investment trust’s stock worth $1,269,000 after buying an additional 47,898 shares in the last quarter. Finally, Jennison Associates LLC acquired a new stake in shares of Equity Commonwealth during the 1st quarter valued at $976,000. Hedge funds and other institutional investors own 96.00% of the company’s stock.

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.