Equity Commonwealth (EQC) Getting Somewhat Positive Press Coverage, Analysis Shows

Media headlines about Equity Commonwealth (NYSE:EQC) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public 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 0.15 on Accern’s scale. Accern also assigned headlines about the real estate investment trust an impact score of 46.2943600389179 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Equity Commonwealth (EQC) traded up $0.05 during trading hours on Friday, reaching $30.30. The company’s stock had a trading volume of 345,737 shares, compared to its average volume of 533,237. Equity Commonwealth has a 1 year low of $29.50 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. The firm has a market capitalization of $3,753.70, a PE ratio of 68.87 and a beta of 0.10.

Equity Commonwealth (NYSE:EQC) last issued 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). The firm had revenue of $77.80 million during 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 revenue for the quarter was down 32.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.23 earnings per share. equities analysts expect that Equity Commonwealth will post 0.9 earnings per share for the current year.

EQC has been the subject of a number of research analyst reports. Zacks Investment Research cut Equity Commonwealth from a “hold” rating to a “sell” rating in a research note on Thursday, October 19th. Stifel Nicolaus reissued a “hold” rating and issued a $31.00 target price on shares of Equity Commonwealth in a research note on Thursday, October 26th.

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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.

Insider Buying and Selling by Quarter for Equity Commonwealth (NYSE:EQC)

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