Brokerage Firm Rating Update on Equity Commonwealth (EQC)

Equity Commonwealth (EQC) : 2 analysts are covering Equity Commonwealth (EQC) and their average rating on the stock is 2, which is read as a Buy. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.


Company shares have received an average consensus rating of Hold for the current week Also, Brokerage firm Citigroup maintains its rating on Equity Commonwealth (NYSE:EQC). As per the latest information, the brokerage house raises the price target to $31 per share from a prior target of $28. The shares have been rated Neutral. The rating by the firm was issued on September 1, 2016.

Equity Commonwealth (NYSE:EQC): stock was range-bound between the intraday low of $31.52 and the intraday high of $31.905 after having opened at $31.75 on Wednesdays session. The stock finally closed in the red at $31.75, a loss of -0.19%. The stock remained in the red for the whole trading day. The total traded volume was 2,916,996 shares. The stock failed to cross $31.905 in Wednesdays trading. The stocks closing price on Thursday was $31.77.

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.

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