Equity Commonwealth (NYSE:EQC) Reaches New 12-Month Low – What’s Next?

Equity Commonwealth (NYSE:EQC) shares reached a new 52-week low during trading on Monday . The company traded as low as $1.40 and last traded at $1.51, with a volume of 19919342 shares changing hands. The stock had previously closed at $20.39.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Equity Commonwealth from a “hold” rating to a “sell” rating in a research report on Friday, October 25th.

Equity Commonwealth Stock Up 9.2 %

The firm has a market capitalization of $179.25 million, a price-to-earnings ratio of 3.96 and a beta of 0.27. The stock has a 50 day moving average of $19.23 and a 200 day moving average of $19.57.

Hedge Funds Weigh In On Equity Commonwealth

Several large investors have recently made changes to their positions in the business. Neo Ivy Capital Management purchased a new position in Equity Commonwealth during the 3rd quarter valued at about $2,112,000. Geode Capital Management LLC boosted its holdings in shares of Equity Commonwealth by 0.8% during the third quarter. Geode Capital Management LLC now owns 2,694,261 shares of the real estate investment trust’s stock worth $53,625,000 after purchasing an additional 21,146 shares during the period. Barclays PLC grew its position in Equity Commonwealth by 250.5% during the third quarter. Barclays PLC now owns 415,187 shares of the real estate investment trust’s stock valued at $8,263,000 after purchasing an additional 296,742 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in Equity Commonwealth by 0.5% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 249,768 shares of the real estate investment trust’s stock valued at $4,970,000 after buying an additional 1,263 shares during the period. Finally, Nomura Asset Management Co. Ltd. lifted its position in Equity Commonwealth by 0.8% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 133,100 shares of the real estate investment trust’s stock worth $2,649,000 after buying an additional 1,000 shares in the last quarter. Institutional investors own 96.00% 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. EQC's portfolio is comprised of four properties totaling 1.5 million square feet.