Equity Commonwealth (NYSE:EQC) Coverage Initiated at StockNews.com

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

Equity Commonwealth Price Performance

NYSE:EQC opened at $1.58 on Friday. The business’s 50-day simple moving average is $1.59 and its two-hundred day simple moving average is $5.02. The stock has a market cap of $169.73 million, a PE ratio of 4.05 and a beta of 0.57. Equity Commonwealth has a 52 week low of $1.40 and a 52 week high of $21.00.

Institutional Investors Weigh In On Equity Commonwealth

Institutional investors and hedge funds have recently bought and sold shares of the business. Alberta Investment Management Corp increased its holdings in shares of 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 worth $15,338,000 after purchasing an additional 7,124,543 shares during the last quarter. Ursa Fund Management LLC bought a new stake in shares of Equity Commonwealth in the fourth quarter worth about $10,997,000. Indaba Capital Management L.P. increased its holdings in shares of Equity Commonwealth by 103.2% in the fourth quarter. Indaba Capital Management L.P. now owns 9,550,000 shares of the real estate investment trust’s stock worth $16,904,000 after purchasing an additional 4,850,000 shares during the last quarter. Barclays PLC increased its holdings in shares of Equity Commonwealth by 923.0% in the fourth quarter. Barclays PLC now owns 4,247,401 shares of the real estate investment trust’s stock worth $7,518,000 after purchasing an additional 3,832,214 shares during the last quarter. Finally, Millennium Management LLC bought a new stake in shares of Equity Commonwealth in the fourth quarter worth about $6,182,000. 96.00% of the stock is 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.