Equity Commonwealth (NYSE:EQC)’s share price shot up 0.9% during mid-day trading on Tuesday . The company traded as high as $29.64 and last traded at $29.59, with a volume of 293,142 shares traded. The stock had previously closed at $29.33.

A number of brokerages have issued reports on EQC. Zacks Investment Research raised Equity Commonwealth from a “hold” rating to a “strong-buy” rating and set a $34.00 target price for the company in a report on Monday, July 11th. JMP Securities reissued a “buy” rating on shares of Equity Commonwealth in a research note on Monday, April 11th. Three equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $30.33.

The company has a market capitalization of $3.71 billion and a P/E ratio of 36.06. The firm’s 50 day moving average is $29.22 and its 200 day moving average is $27.91.

Equity Commonwealth (NYSE:EQC) last posted its quarterly earnings data on Wednesday, May 4th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.03. The business had revenue of $137.14 million for the quarter, compared to the consensus estimate of $136.40 million. During the same period in the prior year, the business posted $0.55 EPS. Equity Commonwealth’s quarterly revenue was down 35.6% on a year-over-year basis. Equities analysts expect that Equity Commonwealth will post $1.13 EPS for the current year.

Other large investors have bought and sold shares of the company. Rhumbline Advisers raised its stake 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 in the last quarter. California Public Employees Retirement System raised its stake in 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 valued at $11,627,000 after buying an additional 3,500 shares in the last quarter. ProShare Advisors LLC raised its stake in Equity Commonwealth by 9.0% in the fourth quarter. ProShare Advisors LLC now owns 45,652 shares of the real estate investment trust’s stock valued at $1,266,000 after buying an additional 3,756 shares in the last quarter. Green Street Investors LLC raised its stake 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 in the last quarter. Finally, Nationwide Fund Advisors raised its stake 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 in the last quarter.

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.

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