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

StockNews.com began coverage on shares of Equity Commonwealth (NYSE:EQC) in a report issued on Thursday morning. The brokerage issued a sell rating on the real estate investment trust’s stock.

Equity Commonwealth Stock Performance

Shares of EQC stock opened at $1.58 on Thursday. Equity Commonwealth has a 52 week low of $1.40 and a 52 week high of $21.00. The stock has a market capitalization of $169.73 million, a PE ratio of 4.05 and a beta of 0.57. The stock’s fifty day moving average is $1.60 and its 200-day moving average is $6.39.

Institutional Investors Weigh In On Equity Commonwealth

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Equity Commonwealth during the first quarter valued at approximately $26,000. Coldstream Capital Management Inc. bought a new position in Equity Commonwealth in the 4th quarter valued at $31,000. First Affirmative Financial Network increased its stake in shares of Equity Commonwealth by 117.0% in the 4th quarter. First Affirmative Financial Network now owns 24,831 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 13,389 shares during the period. DGS Capital Management LLC bought a new stake in shares of Equity Commonwealth during the fourth quarter worth $53,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Equity Commonwealth during the fourth quarter valued at $58,000. Institutional investors and hedge funds own 96.00% of the company’s stock.

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.