Media coverage about Equity Commonwealth (NYSE:EQC) has trended somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative media coverage by monitoring more than twenty million blog and news 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 0.16 on Accern’s scale. Accern also assigned media coverage about the real estate investment trust an impact score of 45.4662691710164 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news headlines that may have impacted Accern’s scoring:
- Reuters: smaller Equity Residential approaches Forest City regarding merger (atlanticyardsreport.blogspot.com)
- Exclusive: Equity Commonwealth approaches Forest City about merging – sources (reuters.com)
- Equity Commonwealth breached its 50 day moving average in a Bullish Manner : EQC-US : November 9, 2017 (finance.yahoo.com)
- Equity Commonwealth — Moody’s upgrades Equity Commonwealth’s ratings (finance.yahoo.com)
- Equity Commonwealth Announces Ratings Upgrade to Baa2 from Moody’s Investor Service (finance.yahoo.com)
Equity Commonwealth (NYSE:EQC) opened at $30.01 on Thursday. The firm has a market cap of $3,795.90, a PE ratio of 31.54 and a beta of 0.09. The company has a debt-to-equity ratio of 0.27, a current ratio of 41.39 and a quick ratio of 41.39. Equity Commonwealth has a 12 month low of $28.60 and a 12 month high of $32.51.
Equity Commonwealth (NYSE:EQC) last posted its earnings results on Tuesday, October 24th. The real estate investment trust reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.05). The business had revenue of $77.80 million during the quarter, compared to analysts’ expectations of $92.13 million. Equity Commonwealth had a return on equity of 2.00% and a net margin of 17.04%. Equity Commonwealth’s revenue for the quarter was down 32.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.23 EPS. equities research analysts expect that Equity Commonwealth will post 0.85 EPS for the current fiscal year.
Several equities analysts have recently weighed in on the stock. Stifel Nicolaus reiterated a “hold” rating and issued a $33.00 target price on shares of Equity Commonwealth in a research note on Thursday, September 21st. Zacks Investment Research downgraded shares of Equity Commonwealth from a “hold” rating to a “sell” rating in a research note on Thursday, October 19th.
TRADEMARK VIOLATION NOTICE: “Equity Commonwealth (EQC) Earning Somewhat Favorable Press Coverage, Study Shows” was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this report on another website, it was copied illegally and republished in violation of international trademark and copyright laws. The legal version of this report can be read at https://ledgergazette.com/2017/11/16/equity-commonwealth-eqc-earning-somewhat-favorable-press-coverage-study-shows.html.
Equity Commonwealth Company Profile
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.
Receive News & Ratings for Equity Commonwealth Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equity Commonwealth and related companies with MarketBeat.com's FREE daily email newsletter.