Press coverage about Equity Commonwealth (NYSE:EQC) has trended somewhat positive recently, according to Accern Sentiment. The research firm ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Equity Commonwealth earned a news sentiment score of 0.07 on Accern’s scale. Accern also assigned news headlines about the real estate investment trust an impact score of 46.238343570911 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Equity Commonwealth (EQC) opened at 30.75 on Friday. Equity Commonwealth has a 52 week low of $28.04 and a 52 week high of $32.51. The company has a 50-day moving average price of $30.76 and a 200-day moving average price of $31.32. The stock has a market cap of $3.82 billion, a PE ratio of 35.67 and a beta of 0.13.
Equity Commonwealth (NYSE:EQC) last issued its quarterly earnings data on Monday, July 24th. The real estate investment trust reported $0.22 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.05). The company had revenue of $91.60 million during the quarter, compared to analysts’ expectations of $98.55 million. Equity Commonwealth had a return on equity of 3.69% and a net margin of 28.50%. The business’s revenue for the quarter was down 37.0% compared to the same quarter last year. During the same period last year, the company earned $0.42 earnings per share. Analysts anticipate that Equity Commonwealth will post $0.19 earnings per share for the current year.
Several brokerages have commented on EQC. BidaskClub cut shares of Equity Commonwealth from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 8th. Stifel Nicolaus reiterated a “hold” rating and issued a $33.00 price target on shares of Equity Commonwealth in a research report on Friday, July 28th. Finally, Zacks Investment Research cut shares of Equity Commonwealth from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 27th. Two analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $33.33.
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About Equity Commonwealth
Equity Commonwealth is an internally managed and self-advised real estate investment trust. The Company is engaged in the ownership and operation primarily of office buildings across the United States. The Company conducts its activities primarily through EQC Operating Trust (the Operating Trust). As of August 14, 2017, the Company’s portfolio included 20 properties and 11 million square feet.
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