Equity Commonwealth (NYSE:EQC) reached a new 52-week high on Thursday . The stock traded as high as $33.79 and last traded at $33.74, with a volume of 9177 shares trading hands. The stock had previously closed at $33.58.

EQC has been the subject of several research analyst reports. TheStreet raised Equity Commonwealth from a “c+” rating to a “b” rating in a report on Tuesday, April 30th. Zacks Investment Research downgraded Equity Commonwealth from a “buy” rating to a “hold” rating in a report on Monday, June 3rd. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $34.00.

The company has a quick ratio of 73.38, a current ratio of 73.38 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $4.13 billion, a price-to-earnings ratio of 45.13 and a beta of 0.26.

Equity Commonwealth (NYSE:EQC) last issued its quarterly earnings results on Monday, April 29th. The real estate investment trust reported $0.19 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.03. Equity Commonwealth had a return on equity of 9.31% and a net margin of 164.13%. The firm had revenue of $41.75 million during the quarter, compared to the consensus estimate of $36.17 million. During the same period last year, the company earned $0.14 earnings per share. The company’s revenue for the quarter was down 28.7% on a year-over-year basis. As a group, research analysts predict that Equity Commonwealth will post 0.61 EPS for the current fiscal year.

In related news, CFO Adam Scott Markman sold 12,500 shares of the stock in a transaction on Monday, May 13th. The stock was sold at an average price of $31.96, for a total transaction of $399,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.60% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc increased its stake in shares of Equity Commonwealth by 2.4% during the 3rd quarter. Vanguard Group Inc now owns 18,189,989 shares of the real estate investment trust’s stock worth $583,717,000 after purchasing an additional 419,945 shares during the last quarter. Xact Kapitalforvaltning AB boosted its holdings in Equity Commonwealth by 16.9% in the 4th quarter. Xact Kapitalforvaltning AB now owns 15,223 shares of the real estate investment trust’s stock worth $457,000 after buying an additional 2,200 shares during the period. SG Americas Securities LLC boosted its holdings in Equity Commonwealth by 21.6% in the 4th quarter. SG Americas Securities LLC now owns 13,782 shares of the real estate investment trust’s stock worth $414,000 after buying an additional 2,446 shares during the period. Redpoint Investment Management Pty Ltd bought a new position in Equity Commonwealth in the 4th quarter worth approximately $209,000. Finally, Enlightenment Research LLC bought a new position in Equity Commonwealth in the 4th quarter worth approximately $54,000. 96.87% of the stock is owned by hedge funds and other institutional investors.

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Equity Commonwealth Company Profile (NYSE:EQC)

Equity Commonwealth (NYSE: EQC) is a Chicago based, internally managed and self-advised real estate investment trust (REIT) with commercial office properties in the United States. As of December 31, 2018, EQC's portfolio comprised 10 properties and 5.1 million square feet.

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