Equity Commonwealth (NYSE:EQC) Lowered to “Sell” at StockNews.com

Equity Commonwealth (NYSE:EQC – Get Rating) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Monday.

Equity Commonwealth Stock Up 0.2 %

Shares of NYSE EQC opened at $19.70 on Monday. The company has a market capitalization of $2.16 billion, a PE ratio of 75.77 and a beta of 0.30. The firm has a fifty day simple moving average of $24.27 and a 200 day simple moving average of $25.23. Equity Commonwealth has a twelve month low of $19.48 and a twelve month high of $28.84.

Institutional Investors Weigh In On Equity Commonwealth

A number of large investors have recently bought and sold shares of the stock. Victory Capital Management Inc. grew its holdings in Equity Commonwealth by 18.8% in the fourth quarter. Victory Capital Management Inc. now owns 1,041,248 shares of the real estate investment trust’s stock worth $26,000,000 after purchasing an additional 164,590 shares during the period. Rockefeller Capital Management L.P. grew its holdings in Equity Commonwealth by 36.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,404 shares of the real estate investment trust’s stock worth $59,000 after purchasing an additional 643 shares during the period. Macquarie Group Ltd. grew its holdings in Equity Commonwealth by 332.0% in the fourth quarter. Macquarie Group Ltd. now owns 166,193 shares of the real estate investment trust’s stock worth $4,150,000 after purchasing an additional 127,722 shares during the period. Point72 Middle East FZE acquired a new position in shares of Equity Commonwealth during the fourth quarter valued at about $130,000. Finally, State of Wyoming acquired a new position in shares of Equity Commonwealth during the fourth quarter valued at about $120,000. 93.39% of the stock is currently owned by institutional investors and hedge funds.

Equity Commonwealth Company Profile

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Equity Commonwealth operates as an internally managed and self-advised real estate investment trust. It engages in the ownership and operation of office properties. The company was founded by Barry M. Portnoy on October 9, 1986 and is headquartered in Chicago, IL.