News stories about Equity Commonwealth (NYSE:EQC) have trended somewhat positive on Thursday, Accern Sentiment reports. Accern identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Equity Commonwealth earned a news impact score of 0.16 on Accern’s scale. Accern also assigned news headlines about the real estate investment trust an impact score of 45.8200276022357 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
A number of equities analysts have recently weighed in on the company. Stifel Nicolaus reaffirmed a “hold” rating and issued a $31.00 price objective on shares of Equity Commonwealth in a research note on Thursday, October 26th. Zacks Investment Research lowered Equity Commonwealth from a “hold” rating to a “sell” rating in a research note on Thursday, October 19th.
Equity Commonwealth (EQC) traded up $0.02 during midday trading on Thursday, hitting $30.09. The stock had a trading volume of 422,469 shares, compared to its average volume of 577,399. The company has a market capitalization of $3,718.96, a price-to-earnings ratio of 30.90 and a beta of 0.10. The company has a debt-to-equity ratio of 0.27, a quick ratio of 41.39 and a current ratio of 41.39. Equity Commonwealth has a 1 year low of $28.99 and a 1 year high of $32.51.
Equity Commonwealth (NYSE:EQC) last announced its quarterly earnings results on Tuesday, October 24th. The real estate investment trust reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.05). Equity Commonwealth had a net margin of 17.04% and a return on equity of 2.00%. The firm had revenue of $77.80 million for the quarter, compared to the consensus estimate of $92.13 million. During the same period in the previous year, the company posted $0.23 earnings per share. Equity Commonwealth’s quarterly revenue was down 32.1% on a year-over-year basis. sell-side analysts forecast that Equity Commonwealth will post 0.9 earnings per share for the current fiscal year.
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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.
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