News coverage about Equity Commonwealth (NYSE:EQC) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Equity Commonwealth earned a coverage optimism score of 0.20 on Accern’s scale. Accern also assigned news stories about the real estate investment trust an impact score of 46.1980651999082 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Shares of Equity Commonwealth (EQC) traded down $0.04 during mid-day trading on Tuesday, hitting $29.78. 703,233 shares of the stock were exchanged, compared to its average volume of 528,367. Equity Commonwealth has a 1 year low of $29.48 and a 1 year high of $32.51. The company has a market cap of $3,700.00, a PE ratio of 67.68 and a beta of 0.10. The company has a current ratio of 41.39, a quick ratio of 41.39 and a debt-to-equity ratio of 0.27.
Equity Commonwealth (NYSE:EQC) last announced its earnings results on Tuesday, October 24th. The real estate investment trust reported $0.19 EPS for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.05). The business had revenue of $77.80 million for the quarter, compared to the consensus estimate of $92.13 million. Equity Commonwealth had a net margin of 17.04% and a return on equity of 2.00%. The business’s quarterly revenue was down 32.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.23 EPS. equities research analysts expect that Equity Commonwealth will post 0.9 earnings per share for the current year.
Several analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Equity Commonwealth from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 4th. Stifel Nicolaus reiterated a “hold” rating and issued a $33.00 price target on shares of Equity Commonwealth in a report on Thursday, September 21st.
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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