Shares of Equity Commonwealth (NYSE:EQC) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $30.67 and last traded at $30.21, with a volume of 721,155 shares trading hands. The stock had previously closed at $29.78.

EQC has been the topic of several research reports. Zacks Investment Research cut Equity Commonwealth from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 19th. Bank of America Corp. upgraded Equity Commonwealth from a “neutral” rating to a “buy” rating in a research report on Monday. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $30.33.

The company has a market cap of $3.79 billion and a price-to-earnings ratio of 22.52. The firm has a 50 day moving average price of $29.57 and a 200 day moving average price of $28.31.

Equity Commonwealth (NYSE:EQC) last issued its quarterly earnings results on Thursday, July 28th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.12. During the same period in the prior year, the business posted $0.52 earnings per share. The business earned $145.37 million during the quarter, compared to analyst estimates of $136.57 million. The company’s revenue for the quarter was down 28.6% compared to the same quarter last year. On average, equities analysts predict that Equity Commonwealth will post $1.19 earnings per share for the current fiscal year.

A hedge fund recently raised its stake in Equity Commonwealth stock. Utah Retirement Systems increased its position in shares of Equity Commonwealth (NYSE:EQC) by 0.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 36,180 shares of the real estate investment trust’s stock after buying an additional 100 shares during the period. Utah Retirement Systems’ holdings in Equity Commonwealth were worth $1,003,000 as of its most recent SEC filing.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with's FREE daily email newsletter.