A statement released earlier today by RBC Capital about Equity Commonwealth (NYSE:EQC) bumps the target price to $32.00
- Updated: September 29, 2016
RBC Capital bumped up the target of Equity Commonwealth (NYSE:EQC) to $32.00 stating a potential upside of 0.05%.
Boasting a price of $30.45, Equity Commonwealth (NYSE:EQC) traded -0.78% lower on the day. With the last stock price close up 4.37% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Equity Commonwealth has recorded a 50-day average of $30.68 and a two hundred day average of $29.17. Volume of trade was down over the average, with 863,527 shares of EQC changing hands under the typical 952,348
With a total market value of $0, Equity Commonwealth has price-earnings ratio of 22.72 with a one year low of $25.23 and a one year high of $31.91 .
Brief Synopsis About Equity Commonwealth (NYSE:EQC)
Equity Commonwealth is an internally managed and self-advised real estate investment trust (REIT). The Company is engaged in the ownership and operation of office buildings throughout the United States. It operates in central business district properties and suburban properties segment. The Company's portfolio includes approximately 60 properties (over 130 buildings) with a combined of approximately 24 million square feet. It leases its properties to over 1,000 tenants. Its properties include Parkshore Plaza, Leased Land/Vineyards, Sky Park Centre, Georgetown-Green and Harris Buildings, Executive Park, Cabot Business Park Land, Danac Stiles Business Park, East Eisenhower Parkway, North Point Office Complex, Raintree Industrial Park, Cherrington Corporate Center, Foster Plaza, Bridgepoint Parkway, Lakewood on the Park and Research Park. Its properties are located in Alabama, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Hawaii and Illinois, among others.
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