Equity Commonwealth (EQC) has been under a strong bear grip, hence the stock is down -1.24% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 2% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.94% in the last 1 week, and is up 2.07% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 1.88% and the 50-Day Moving Average is 3.28%. Equity Commonwealth is up 7.56% in the last 3-month period. Year-to-Date the stock performance stands at 8.26%.
Equity Commonwealth (NYSE:EQC): stock turned positive on Friday. Though the stock opened at $29.77, the bulls momentum made the stock top out at $30.05 level for the day. The stock recorded a low of $29.55 and closed the trading day at $30.02, in the green by 1.35%. The total traded volume for the day was 1,615,556. The stock had closed at $29.62 in the previous days trading.
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.