Headlines about Equity Commonwealth (NYSE:EQC) have trended somewhat positive recently, Accern reports. The research group identifies positive and negative media coverage by analyzing 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 positive one, with scores closest to one being the most favorable. Equity Commonwealth earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned media stories about the real estate investment trust an impact score of 46.2918252080202 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Several brokerages have recently commented on EQC. Zacks Investment Research upgraded Equity Commonwealth from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 4th. Stifel Nicolaus reiterated a “hold” rating and issued a $33.00 target price on shares of Equity Commonwealth in a research report on Thursday, September 21st.
Shares of Equity Commonwealth (EQC) traded up $0.22 on Friday, hitting $30.63. The stock had a trading volume of 711,016 shares, compared to its average volume of 516,168. The firm has a market cap of $3,800.00, a price-to-earnings ratio of 31.33 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 has a one year low of $29.36 and a one year high of $32.51.
Equity Commonwealth (NYSE:EQC) last issued its earnings results on Tuesday, October 24th. The real estate investment trust reported $0.19 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.05). Equity Commonwealth had a return on equity of 2.00% and a net margin of 17.04%. The firm had revenue of $77.80 million during the quarter, compared to analyst estimates of $92.13 million. During the same quarter in the previous year, the business posted $0.23 EPS. Equity Commonwealth’s revenue was down 32.1% compared to the same quarter last year. sell-side analysts forecast that Equity Commonwealth will post 0.9 EPS for the current year.
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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