Shares of Equity Commonwealth (NYSE:EQC) have been assigned a consensus rating of “Hold” from the seven brokerages that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $32.00.

Several analysts have recently commented on EQC shares. Zacks Investment Research cut shares of Equity Commonwealth from a “buy” rating to a “hold” rating in a research note on Wednesday, April 19th. Stifel Nicolaus reissued a “hold” rating and set a $33.00 price target on shares of Equity Commonwealth in a research note on Friday, July 28th. Finally, BidaskClub cut shares of Equity Commonwealth from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 8th.

Shares of Equity Commonwealth (NYSE:EQC) opened at 31.13 on Friday. The firm has a 50-day moving average price of $31.70 and a 200-day moving average price of $31.42. Equity Commonwealth has a 52-week low of $28.04 and a 52-week high of $32.51. The firm has a market capitalization of $3.86 billion, a P/E ratio of 36.11 and a beta of 0.08.

Equity Commonwealth (NYSE:EQC) last released its quarterly earnings results on Monday, July 24th. The real estate investment trust reported $0.22 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by $0.05. Equity Commonwealth had a net margin of 28.50% and a return on equity of 3.69%. The company had revenue of $91.60 million for the quarter, compared to the consensus estimate of $98.55 million. During the same period last year, the company earned $0.42 earnings per share. Equity Commonwealth’s revenue for the quarter was down 37.0% compared to the same quarter last year. On average, equities research analysts anticipate that Equity Commonwealth will post $0.19 EPS for the current year.

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Institutional investors have recently made changes to their positions in the stock. Federated Investors Inc. PA acquired a new position in shares of Equity Commonwealth during the second quarter worth about $1,232,000. William Blair Investment Management LLC boosted its position in shares of Equity Commonwealth by 38.2% in the second quarter. William Blair Investment Management LLC now owns 594,172 shares of the real estate investment trust’s stock worth $18,776,000 after buying an additional 164,209 shares during the last quarter. Blair William & Co. IL acquired a new position in shares of Equity Commonwealth during the second quarter worth about $202,000. Comerica Bank boosted its position in shares of Equity Commonwealth by 7.3% in the second quarter. Comerica Bank now owns 224,462 shares of the real estate investment trust’s stock worth $7,113,000 after buying an additional 15,275 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Equity Commonwealth by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 764,487 shares of the real estate investment trust’s stock worth $24,157,000 after buying an additional 3,258 shares during the last quarter. 93.60% of the stock is currently owned by hedge funds and other institutional investors.

Equity Commonwealth Company Profile

Equity Commonwealth is an internally managed and self-advised real estate investment trust. The Company is engaged in the ownership and operation primarily of office buildings across the United States. The Company conducts its activities primarily through EQC Operating Trust (the Operating Trust). As of December 31, 2016, the Company’s portfolio included 33 properties, one land parcel and one property taken out of a service, classified as a land parcel, with a combined 16.1 million square feet.

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