News stories about Equity Commonwealth (NYSE:EQC) have trended somewhat positive recently, according to AlphaOne. The research group, a division of Accern, identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Equity Commonwealth earned a news impact score of 0.16 on AlphaOne’s scale. AlphaOne also gave press coverage about the real estate investment trust an impact score of 58 out of 100, indicating that recent news coverage is somewhat likely to have an effect on the company’s share price in the near term.
Equity Commonwealth (NYSE EQC) traded down 0.66% on Friday, reaching $31.67. The company’s stock had a trading volume of 985,611 shares. The company’s 50 day moving average price is $31.37 and its 200-day moving average price is $30.99. The stock has a market cap of $3.93 billion, a PE ratio of 21.36 and a beta of 0.12. Equity Commonwealth has a 12-month low of $28.04 and a 12-month high of $32.51.
Equity Commonwealth (NYSE:EQC) last posted its quarterly earnings data on Wednesday, May 3rd. The real estate investment trust reported $0.24 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.26 by $0.02. The company had revenue of $99.50 million for the quarter, compared to the consensus estimate of $102.72 million. Equity Commonwealth had a net margin of 45.41% and a return on equity of 6.70%. The firm’s quarterly revenue was down 27.4% on a year-over-year basis. During the same period last year, the business earned $0.29 EPS. On average, equities analysts expect that Equity Commonwealth will post $0.19 EPS for the current year.
Several equities research analysts recently issued reports on the company. BidaskClub upgraded Equity Commonwealth from a “strong sell” rating to a “sell” rating in a report on Thursday. Zacks Investment Research downgraded Equity Commonwealth from a “buy” rating to a “hold” rating in a report on Tuesday, May 9th. Finally, TheStreet downgraded Equity Commonwealth from a “b-” rating to a “c+” rating in a report on Thursday, February 16th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $32.67.
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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 December 31, 2016, the Company’s portfolio included 33 properties, one land parcel and one property taken out of a service, classified as a land parcel, with a combined 16.1 million square feet.
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