StockNews.com started coverage on shares of Equity Commonwealth (NYSE:EQC – Free Report) in a report released on Saturday. The firm issued a sell rating on the real estate investment trust’s stock.
Equity Commonwealth Price Performance
Shares of EQC stock opened at $1.58 on Friday. The company has a market capitalization of $169.73 million, a P/E ratio of 4.05 and a beta of 0.57. The company’s 50-day simple moving average is $1.59 and its two-hundred day simple moving average is $5.12. Equity Commonwealth has a one year low of $1.40 and a one year high of $21.00.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Barclays PLC lifted its holdings in shares of Equity Commonwealth by 250.5% in the 3rd quarter. Barclays PLC now owns 415,187 shares of the real estate investment trust’s stock worth $8,263,000 after buying an additional 296,742 shares during the period. DLD Asset Management LP bought a new stake in shares of Equity Commonwealth in the fourth quarter valued at about $731,000. Raymond James Financial Inc. bought a new stake in shares of Equity Commonwealth in the fourth quarter valued at about $58,000. Norges Bank purchased a new stake in Equity Commonwealth in the fourth quarter worth about $264,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in Equity Commonwealth by 107.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 251,712 shares of the real estate investment trust’s stock worth $446,000 after acquiring an additional 130,276 shares in the last quarter. 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.
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