Equity Commonwealth (EQC) Given Media Impact Rating of 0.18

Media headlines about Equity Commonwealth (NYSE:EQC) have been trending somewhat positive on Sunday, according to Accern. Accern ranks the sentiment of 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 one, with scores closest to one being the most favorable. Equity Commonwealth earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned headlines about the real estate investment trust an impact score of 45.7959274848459 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Shares of Equity Commonwealth (NYSE:EQC) traded up $0.14 during mid-day trading on Friday, reaching $30.20. 484,916 shares of the company’s stock were exchanged, compared to its average volume of 490,637. The company has a market capitalization of $3,747.49, a PE ratio of 31.13 and a beta of 0.10. Equity Commonwealth has a 1 year low of $28.72 and a 1 year high of $32.51. 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 quarterly earnings results on Tuesday, October 24th. The real estate investment trust reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.05). The firm had revenue of $77.80 million for the quarter, compared to the consensus estimate of $92.13 million. Equity Commonwealth had a return on equity of 2.00% and a net margin of 17.04%. The company’s revenue for the quarter was down 32.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.23 earnings per share. analysts forecast that Equity Commonwealth will post 0.9 EPS for the current year.

A number of brokerages have issued reports on EQC. Stifel Nicolaus reaffirmed a “hold” rating and issued a $33.00 price objective on shares of Equity Commonwealth in a research note on Thursday, September 21st. Zacks Investment Research cut shares of Equity Commonwealth from a “hold” rating to a “sell” rating in a research note on Thursday, October 19th.

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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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