Analyst Rating Update on Equity Commonwealth (EQC)

Equity Commonwealth (NYSE:EQC) : The consensus on Equity Commonwealth (NYSE: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 3 which endorses a Hold 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): stock turned positive on Tuesday. Though the stock opened at $28.84, the bulls momentum made the stock top out at $28.99 level for the day. The stock recorded a low of $28.59 and closed the trading day at $28.69, in the green by 0.42%. The total traded volume for the day was 1,287,345. The stock had closed at $28.57 in the previous days trading.

In an insider trading activity, Markman Adam Scott, CFO of Equity Commonwealth had purchased 4,500 shares on August 10, 2015 in a transaction. The price per share was $27.21 and the total amount of the disclosed transaction was $122,445.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.

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Your email address will not be published.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 *