Equity Commonwealth (NYSE:EQC) shares hit a new 52-week high on Tuesday . The stock traded as high as $34.52 and last traded at $34.33, with a volume of 472638 shares traded. The stock had previously closed at $34.19.

A number of research firms recently commented on EQC. Zacks Investment Research raised shares of Equity Commonwealth from a “hold” rating to a “strong-buy” rating and set a $37.00 target price for the company in a research report on Tuesday, July 23rd. TheStreet raised shares of Equity Commonwealth from a “c+” rating to a “b” rating in a research report on Tuesday, April 30th.

The stock’s 50-day moving average is $33.22. The company has a debt-to-equity ratio of 0.01, a quick ratio of 86.78 and a current ratio of 86.78. The stock has a market capitalization of $4.11 billion, a P/E ratio of 49.43 and a beta of 0.25.

Institutional investors have recently modified their holdings of the business. Berman Capital Advisors LLC increased its stake in Equity Commonwealth by 92.0% during the 1st quarter. Berman Capital Advisors LLC now owns 862 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 413 shares in the last quarter. Squar Milner Financial Services LLC increased its stake in shares of Equity Commonwealth by 25.9% in the first quarter. Squar Milner Financial Services LLC now owns 1,995 shares of the real estate investment trust’s stock worth $65,000 after acquiring an additional 410 shares during the period. Advisory Services Network LLC increased its stake in shares of Equity Commonwealth by 408.3% in the second quarter. Advisory Services Network LLC now owns 2,033 shares of the real estate investment trust’s stock worth $66,000 after acquiring an additional 1,633 shares during the period. Quadrant Capital Group LLC increased its stake in shares of Equity Commonwealth by 3,222.6% in the first quarter. Quadrant Capital Group LLC now owns 2,060 shares of the real estate investment trust’s stock worth $65,000 after acquiring an additional 1,998 shares during the period. Finally, Signaturefd LLC increased its stake in shares of Equity Commonwealth by 232.2% in the second quarter. Signaturefd LLC now owns 2,146 shares of the real estate investment trust’s stock worth $70,000 after acquiring an additional 1,500 shares during the period. Institutional investors and hedge funds own 97.03% of the company’s stock.

About Equity Commonwealth (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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