Analyst Rating Update on Equity Commonwealth (EQC)

Equity Commonwealth (EQC) : The consensus on Equity Commonwealth (EQC) based on 2 analyst recommendation on the company stock is 3, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 2 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Company shares have received an average consensus rating of Hold for the current week


Equity Commonwealth (NYSE:EQC): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $29.73 and $29.72 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $30.08. The buying momentum continued till the end and the stock did not give up its gains. It closed at $29.95, notching a gain of 0.54% for the day. The total traded volume was 832,469 . The stock had closed at $29.79 on the previous day.

Equity Commonwealth (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 Companys 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 Companys 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 Companys properties are leased to approximately 1,800 tenants. Its principal source of funds for its operations is rents from tenants at its properties.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.