Equity Commonwealth traded at $1.58 this Monday April 21st, decreasing $0.03 or 1.86 percent since the previous trading session. Looking back, over the last four weeks, Equity Commonwealth lost 0.63 percent. Over the last 12 months, its price fell by 91.51 percent. Looking ahead, we forecast Equity Commonwealth to be priced at 1.53 by the end of this quarter and at 1.39 in one year, according to Trading Economics global macro models projections and analysts expectations.
Equity Commonwealth is an internally managed and self-advised real estate investment trust (REIT). The Company is primarily engaged in the ownership and operation of office properties in the United States. It operates in an umbrella partnership real estate investment trust (UPREIT) and conducts its activities through EQC Operating Trust (Operating Trust). The Company's portfolio consists of approximately four properties (eight buildings), with a combined 1.5 million square feet. The Company's properties include 1225 Seventeenth Street (17th Street Plaza), Denver, Colorado; 1250 H Street, NW, Washington, District of Columbia; 206 East 9th Street (Capitol Tower), Austin, Texas; and Bridgepoint Square, Austin, Texas. The Company is focused on creating value through asset management and improved operating results, it evaluates opportunities to invest capital in assets or businesses in favorable markets that offer a risk-reward profile.