Equity Commonwealth (NYSE:EQC)‘s stock had its “hold” rating reaffirmed by research analysts at Stifel Nicolaus in a report released on Thursday. They presently have a $31.00 target price on the real estate investment trust’s stock. Stifel Nicolaus’ price target would indicate a potential upside of 4.03% from the stock’s previous close.

A number of other equities analysts have also recently commented on the company. Zacks Investment Research cut Equity Commonwealth from a “hold” rating to a “sell” rating in a report on Thursday, October 19th. BidaskClub cut Equity Commonwealth from a “sell” rating to a “strong sell” rating in a report on Saturday, July 8th.

Equity Commonwealth (NYSE EQC) traded down 0.67% during mid-day trading on Thursday, reaching $29.80. The company’s stock had a trading volume of 1,018,311 shares. The firm’s 50 day moving average is $30.42 and its 200-day moving average is $31.14. The company has a market cap of $3.70 billion, a PE ratio of 34.49 and a beta of 0.14. Equity Commonwealth has a 12-month low of $28.04 and a 12-month high of $32.51.

Equity Commonwealth (NYSE:EQC) last announced its earnings results on Tuesday, October 24th. The real estate investment trust reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.05). Equity Commonwealth had a net margin of 28.50% and a return on equity of 3.69%. The firm had revenue of $77.80 million for the quarter, compared to analyst estimates of $92.13 million. During the same period in the previous year, the company earned $0.23 EPS. Equity Commonwealth’s revenue was down 32.1% compared to the same quarter last year. Equities analysts anticipate that Equity Commonwealth will post $0.19 earnings per share for the current fiscal year.

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Several large investors have recently bought and sold shares of EQC. Prudential Financial Inc. increased its holdings in shares of Equity Commonwealth by 402.1% in the first quarter. Prudential Financial Inc. now owns 39,209 shares of the real estate investment trust’s stock valued at $1,224,000 after purchasing an additional 31,400 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of 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 valued at $225,000 after purchasing an additional 2,052 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Equity Commonwealth by 0.8% in the first quarter. Principal Financial Group Inc. now owns 21,414 shares of the real estate investment trust’s stock valued at $669,000 after purchasing an additional 161 shares during the last quarter. Thrivent Financial For Lutherans increased its holdings in shares of Equity Commonwealth by 1.1% in the first quarter. Thrivent Financial For Lutherans now owns 37,100 shares of the real estate investment trust’s stock valued at $1,158,000 after purchasing an additional 400 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Equity Commonwealth by 6.6% in the first quarter. Geode Capital Management LLC now owns 1,168,071 shares of the real estate investment trust’s stock valued at $36,467,000 after purchasing an additional 72,131 shares during the last quarter. 94.07% of the stock is 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 August 14, 2017, the Company’s portfolio included 20 properties and 11 million square feet.

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