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

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

Equity Commonwealth Price Performance

Shares of Equity Commonwealth stock opened at $1.58 on Friday. The stock’s 50-day moving average is $1.60 and its 200 day moving average is $5.65. Equity Commonwealth has a one year low of $1.40 and a one year high of $21.00. The firm has a market cap of $169.73 million, a price-to-earnings ratio of 4.05 and a beta of 0.57.

Hedge Funds Weigh In On Equity Commonwealth

Several institutional investors have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC bought a new stake in Equity Commonwealth in the 1st quarter valued at about $26,000. Coldstream Capital Management Inc. acquired a new stake in Equity Commonwealth in the fourth quarter valued at approximately $31,000. First Affirmative Financial Network increased its holdings in shares of Equity Commonwealth by 117.0% during the fourth quarter. First Affirmative Financial Network now owns 24,831 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 13,389 shares in the last quarter. DGS Capital Management LLC bought a new stake in shares of Equity Commonwealth during the fourth quarter valued at approximately $53,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Equity Commonwealth during the fourth quarter worth approximately $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.