Equity Commonwealth (NYSE:EQC) Downgraded to “Market Perform” at JMP Securities

JMP Securities lowered shares of Equity Commonwealth (NYSE:EQC) from an outperform rating to a market perform rating in a research report sent to investors on Wednesday, BenzingaRatingsTable reports.

A number of other equities research analysts also recently weighed in on EQC. TheStreet upgraded Equity Commonwealth from a c+ rating to a b rating in a research report on Tuesday, April 30th. Zacks Investment Research upgraded Equity Commonwealth from a hold rating to a strong-buy rating and set a $37.00 target price for the company in a research report on Tuesday, July 23rd.

EQC traded up $0.15 during trading on Wednesday, reaching $34.01. The stock had a trading volume of 2,969 shares, compared to its average volume of 438,123. The stock has a market cap of $4.15 billion, a price-to-earnings ratio of 49.30 and a beta of 0.25. The company has a quick ratio of 86.78, a current ratio of 86.78 and a debt-to-equity ratio of 0.01. Equity Commonwealth has a 1-year low of $28.48 and a 1-year high of $34.53. The stock has a 50 day simple moving average of $33.24.



Institutional investors and hedge funds have recently added to or reduced their stakes in the business. M&T Bank Corp increased its holdings in shares of Equity Commonwealth by 3.0% in the second quarter. M&T Bank Corp now owns 10,233 shares of the real estate investment trust’s stock valued at $333,000 after buying an additional 297 shares in the last quarter. Squar Milner Financial Services LLC increased its holdings in shares of Equity Commonwealth by 25.9% in the first quarter. Squar Milner Financial Services LLC now owns 1,995 shares of the real estate investment trust’s stock valued at $65,000 after buying an additional 410 shares in the last quarter. Berman Capital Advisors LLC increased its holdings in shares of Equity Commonwealth by 92.0% in the first quarter. Berman Capital Advisors LLC now owns 862 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 413 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of Equity Commonwealth by 6.9% in the second quarter. Commonwealth Equity Services LLC now owns 7,056 shares of the real estate investment trust’s stock valued at $229,000 after buying an additional 456 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of Equity Commonwealth by 29.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,433 shares of the real estate investment trust’s stock valued at $112,000 after buying an additional 772 shares in the last quarter. Hedge funds and other institutional investors own 97.03% 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. As of December 31, 2018, EQC's portfolio comprised 10 properties and 5.1 million square feet.

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