Equity Commonwealth (NYSE:EQC) Downgraded by JMP Securities

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

Several other equities research analysts have also recently issued reports on the stock. Zacks Investment Research upgraded shares of Equity Commonwealth from a hold rating to a strong-buy rating and set a $37.00 target price on the stock in a report on Tuesday, July 23rd. TheStreet upgraded shares of Equity Commonwealth from a c+ rating to a b rating in a report on Tuesday, April 30th.

Shares of EQC opened at $34.04 on Wednesday. The company has a market capitalization of $4.15 billion, a P/E ratio of 49.33 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. The firm has a 50 day moving average of $33.32 and a 200 day moving average of $32.78. Equity Commonwealth has a twelve month low of $28.48 and a twelve month high of $34.53.

A number of hedge funds have recently modified their holdings of EQC. Berman Capital Advisors LLC boosted its holdings in 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 worth $28,000 after purchasing an additional 413 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC purchased a new stake in Equity Commonwealth in the second quarter worth approximately $44,000. Quadrant Capital Group LLC boosted its holdings in Equity Commonwealth by 3,222.6% in the first quarter. Quadrant Capital Group LLC now owns 2,060 shares of the real estate investment trust’s stock worth $65,000 after purchasing an additional 1,998 shares during the last quarter. Squar Milner Financial Services LLC boosted its stake in shares of Equity Commonwealth by 25.9% during the 1st quarter. Squar Milner Financial Services LLC now owns 1,995 shares of the real estate investment trust’s stock worth $65,000 after acquiring an additional 410 shares during the last quarter. Finally, Advisory Services Network LLC boosted its stake in shares of Equity Commonwealth by 408.3% during the 2nd quarter. Advisory Services Network LLC now owns 2,033 shares of the real estate investment trust’s stock worth $66,000 after acquiring an additional 1,633 shares during the last quarter. Institutional investors own 97.03% of the company’s stock.

About Equity Commonwealth

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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