Equity Commonwealth (EQC) has an average broker rating of 2, which is interpreted as a Buy, as rated by 2 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 1 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 5, which is also a Strong Sell.
Also, Equity analysts at the Brokerage firm Citigroup maintains its rating on Equity Commonwealth (NYSE:EQC). The rating major has initiated the coverage with neutral rating on the shares. The Analysts at Citigroup raises the price target from $28 per share to $31 per share. The rating by the firm was issued on September 1, 2016.
Equity Commonwealth (NYSE:EQC): After opening at $29.84, the stock dipped to an intraday low of $29.69 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $30.1 and the buying power remained strong till the end. The stock closed at $30.07 for the day, a gain of 0.77% for the day session. The total traded volume was 697,427. The stocks close on the previous trading day was $29.84.
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.