Equity Commonwealth (NYSE:EQC) Lifted to Hold at StockNews.com

Equity Commonwealth (NYSE:EQC – Get Rating) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Saturday.

Equity Commonwealth Stock Performance

Shares of EQC opened at $26.76 on Friday. The stock has a 50-day moving average of $27.48 and a two-hundred day moving average of $27.03. The stock has a market cap of $3.02 billion, a P/E ratio of -382.23 and a beta of 0.20. Equity Commonwealth has a one year low of $25.00 and a one year high of $28.84.

Hedge Funds Weigh In On Equity Commonwealth

A number of institutional investors have recently bought and sold shares of EQC. Rockefeller Capital Management L.P. increased its stake in shares of Equity Commonwealth by 64.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,661 shares of the real estate investment trust’s stock worth $43,000 after acquiring an additional 650 shares during the period. Parallel Advisors LLC boosted its holdings in Equity Commonwealth by 18.8% in the second quarter. Parallel Advisors LLC now owns 3,546 shares of the real estate investment trust’s stock valued at $98,000 after purchasing an additional 560 shares during the last quarter. Virginia Retirement Systems ET AL purchased a new position in shares of Equity Commonwealth during the 1st quarter valued at about $209,000. Evergreen Capital Management LLC purchased a new position in shares of Equity Commonwealth during the 4th quarter valued at about $230,000. Finally, Point72 Hong Kong Ltd acquired a new position in shares of Equity Commonwealth in the 4th quarter valued at about $231,000. 96.94% of the stock is owned by hedge funds and other institutional investors.

Equity Commonwealth Company Profile

(Get Rating)

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 same property portfolio is comprised of 4 properties and 1.5 million square feet.

Read More

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