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

Several analysts have issued reports on the stock. Zacks Investment Research lowered shares of Equity Commonwealth from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 27th. Stifel Nicolaus restated a “hold” rating and issued a $33.00 price target on shares of Equity Commonwealth in a research report on Friday, July 28th. Finally, BidaskClub upgraded shares of Equity Commonwealth from a “strong sell” rating to a “sell” rating in a research report on Thursday, June 15th.

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Shares of Equity Commonwealth (EQC) opened at 30.24 on Wednesday. The firm has a market capitalization of $3.75 billion, a PE ratio of 35.08 and a beta of 0.08. The stock has a 50 day moving average price of $31.14 and a 200 day moving average price of $31.36. Equity Commonwealth has a 52 week low of $28.04 and a 52 week high of $32.51.

Equity Commonwealth (NYSE:EQC) last posted its quarterly earnings results on Monday, July 24th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by $0.05. The company had revenue of $91.60 million during the quarter, compared to analyst estimates of $98.55 million. Equity Commonwealth had a return on equity of 3.69% and a net margin of 28.50%. The business’s revenue for the quarter was down 37.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.42 earnings per share. Equities analysts forecast that Equity Commonwealth will post $0.19 earnings per share for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company increased its position in Equity Commonwealth by 7.7% in the second quarter. The Manufacturers Life Insurance Company now owns 3,853 shares of the real estate investment trust’s stock worth $122,000 after buying an additional 275 shares during the last quarter. Archford Capital Strategies LLC increased its position in Equity Commonwealth by 38,920.0% in the second quarter. Archford Capital Strategies LLC now owns 5,853 shares of the real estate investment trust’s stock worth $418,000 after buying an additional 5,838 shares during the last quarter. Blair William & Co. IL acquired a new position in Equity Commonwealth during the second quarter worth approximately $202,000. SG Americas Securities LLC increased its position in Equity Commonwealth by 39.8% in the first quarter. SG Americas Securities LLC now owns 7,212 shares of the real estate investment trust’s stock worth $225,000 after buying an additional 2,052 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Equity Commonwealth by 5.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,769 shares of the real estate investment trust’s stock worth $243,000 after buying an additional 433 shares during the last quarter. 94.46% of the stock is owned by 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 August 14, 2017, the Company’s portfolio included 20 properties and 11 million square feet.

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