Shares of Equity Commonwealth (NYSE:EQC) have received an average recommendation of “Hold” from the six brokerages that are currently covering the company, Market Beat Ratings reports. Six investment analysts have rated the stock with a hold rating. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $28.50.

Several research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Equity Commonwealth from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a research note on Wednesday, October 7th. Stifel Nicolaus lowered shares of Equity Commonwealth from a “buy” rating to a “hold” rating in a research note on Friday, November 6th.

Equity Commonwealth (NYSE:EQC) opened at 26.14 on Tuesday. The stock’s 50 day moving average is $27.12 and its 200 day moving average is $27.24. Equity Commonwealth has a 52 week low of $24.91 and a 52 week high of $29.75.

Equity Commonwealth (NYSE:EQC) last issued its earnings results on Wednesday, November 4th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by $0.02. The firm had revenue of $159.20 million for the quarter, compared to the consensus estimate of $189.29 million. During the same quarter in the previous year, the business earned $0.44 earnings per share. The company’s revenue was down 26.5% on a year-over-year basis. Equities research analysts forecast that Equity Commonwealth will post $1.75 earnings per share for the current year.

A number of hedge funds and institutional investors have recently added to or reduced their stakes in the company. Simplex Trading raised its position in Equity Commonwealth by 26.3% in the fourth quarter. Simplex Trading now owns 24 shares of the real estate investment trust’s stock valued at $0 after buying an additional 5 shares during the last quarter. Alpha Windward raised its position in Equity Commonwealth by 3.2% in the fourth quarter. Alpha Windward now owns 16,601 shares of the real estate investment trust’s stock valued at $460,000 after buying an additional 521 shares during the last quarter. Janus Capital Management raised its position in Equity Commonwealth by 3.7% in the third quarter. Janus Capital Management now owns 216,279 shares of the real estate investment trust’s stock valued at $5,891,000 after buying an additional 7,700 shares during the last quarter. Finally, Quantitative Systematic Strategies raised its position in Equity Commonwealth by 157.4% in the fourth quarter. Quantitative Systematic Strategies now owns 36,099 shares of the real estate investment trust’s stock valued at $1,008,000 after buying an additional 22,072 shares during the last quarter.

Equity Commonwealth (NYSE:EQC) is an internally managed and self-advised real estate investment trust (REIT). The Company is engaged in the ownership and operation primarily of office buildings in central business district (CBD) and suburban locations throughout the United States. The Company’s two reportable segments include CBD properties and suburban properties. Its portfolio consists of 156 properties (262 buildings) with a combined 42.9 million square feet. The Company’s portfolio comprises 40 properties (53 buildings) with a combined 21.9 million square feet located in CBD locations and 116 properties (209 buildings) with a combined 21.0 million square feet located in suburban locations. Eleven of its properties (11 buildings) with a combined 1.8 million square feet are located in Australia. The Company’s properties are leased to approximately 1,800 tenants. Its principal source of funds for its operations is rents from tenants at its properties.

12 Month Chart for NYSE:EQC

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