Stifel Nicolaus reaffirmed their hold rating on shares of Equity Commonwealth (NYSE:EQC) in a research report report published on Friday morning. They currently have a $33.00 price objective on the real estate investment trust’s stock.

A number of other research firms also recently issued reports on EQC. Zacks Investment Research downgraded shares of Equity Commonwealth from a buy rating to a hold rating in a research report on Wednesday, April 19th. BidaskClub upgraded shares of Equity Commonwealth from a strong sell rating to a sell rating in a research report on Thursday, June 15th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $32.75.

Shares of Equity Commonwealth (NYSE:EQC) opened at 31.58 on Friday. Equity Commonwealth has a 12-month low of $28.04 and a 12-month high of $32.51. The company has a market capitalization of $3.92 billion, a P/E ratio of 36.64 and a beta of 0.08. The company has a 50 day moving average of $31.70 and a 200-day moving average of $31.41.

Equity Commonwealth (NYSE:EQC) last released its earnings results on Monday, July 24th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by $0.05. Equity Commonwealth had a net margin of 28.50% and a return on equity of 3.69%. The business had revenue of $91.60 million for the quarter, compared to analyst estimates of $98.55 million. During the same quarter in the previous year, the company posted $0.42 earnings per share. The business’s revenue for the quarter was down 37.0% on a year-over-year basis. On average, equities analysts anticipate that Equity Commonwealth will post $0.19 EPS for the current fiscal year.

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A number of hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC increased its stake in shares of Equity Commonwealth by 39.8% in the first quarter. SG Americas Securities LLC now owns 7,212 shares of the real estate investment trust’s stock valued at $225,000 after buying an additional 2,052 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Equity Commonwealth by 5.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,769 shares of the real estate investment trust’s stock valued at $243,000 after buying an additional 433 shares during the period. US Bancorp DE increased its stake in shares of Equity Commonwealth by 6.2% in the first quarter. US Bancorp DE now owns 9,425 shares of the real estate investment trust’s stock valued at $294,000 after buying an additional 551 shares during the period. TLP Group LLC bought a new stake in shares of Equity Commonwealth during the first quarter valued at approximately $297,000. Finally, Metropolitan Life Insurance Co. NY increased its stake in shares of Equity Commonwealth by 1.8% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 10,378 shares of the real estate investment trust’s stock valued at $314,000 after buying an additional 184 shares during the period. Hedge funds and other institutional investors own 93.60% of the company’s stock.

Equity Commonwealth Company Profile

Equity Commonwealth is an internally managed and self-advised real estate investment trust. The Company is engaged in the ownership and operation primarily of office buildings across the United States. The Company conducts its activities primarily through EQC Operating Trust (the Operating Trust). As of December 31, 2016, the Company’s portfolio included 33 properties, one land parcel and one property taken out of a service, classified as a land parcel, with a combined 16.1 million square feet.

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