Equity Commonwealth (NYSE:EQC) hit a new 52-week high on Tuesday . The stock traded as high as $29.96 and last traded at $29.49, with a volume of 299,401 shares changing hands. The stock had previously closed at $29.87.

Several brokerages have weighed in on EQC. Zacks Investment Research raised shares of Equity Commonwealth from a “hold” rating to a “strong-buy” rating and set a $34.00 price target for the company in a research report on Monday. JMP Securities reissued a “buy” rating on shares of Equity Commonwealth in a research report on Monday, April 11th. Three investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. Equity Commonwealth presently has a consensus rating of “Buy” and a consensus target price of $30.33.

The company has a 50-day moving average of $29.14 and a 200 day moving average of $27.85. The company has a market capitalization of $3.71 billion and a price-to-earnings ratio of 36.13.

Equity Commonwealth (NYSE:EQC) last announced its earnings results on Wednesday, May 4th. The real estate investment trust reported $0.29 EPS for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.03. The firm earned $137.14 million during the quarter, compared to the consensus estimate of $136.40 million. During the same quarter in the prior year, the firm posted $0.55 earnings per share. The business’s revenue for the quarter was down 35.6% compared to the same quarter last year. Equities research analysts predict that Equity Commonwealth will post $1.13 earnings per share for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the company. California Public Employees Retirement System increased its position in shares of Equity Commonwealth by 0.8% in the fourth quarter. California Public Employees Retirement System now owns 419,297 shares of the real estate investment trust’s stock worth $11,627,000 after buying an additional 3,500 shares in the last quarter. Green Street Investors LLC increased its position in Equity Commonwealth by 13.4% in the fourth quarter. Green Street Investors LLC now owns 65,100 shares of the real estate investment trust’s stock valued at $1,805,000 after buying an additional 7,700 shares during the period. California State Teachers Retirement System increased its position in Equity Commonwealth by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 248,012 shares of the real estate investment trust’s stock valued at $6,877,000 after buying an additional 3,923 shares during the period. Rhumbline Advisers increased its position in Equity Commonwealth by 1.5% in the fourth quarter. Rhumbline Advisers now owns 104,097 shares of the real estate investment trust’s stock valued at $2,887,000 after buying an additional 1,568 shares during the period. Finally, Nationwide Fund Advisors increased its position in Equity Commonwealth by 267.1% in the fourth quarter. Nationwide Fund Advisors now owns 46,693 shares of the real estate investment trust’s stock valued at $1,295,000 after buying an additional 33,975 shares during the period.

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 Company’s two reportable segments include CBD properties and suburban properties.

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