News articles about Equity Commonwealth (NYSE:EQC) have trended somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Equity Commonwealth earned a daily sentiment score of 0.13 on Accern’s scale. Accern also gave news coverage about the real estate investment trust an impact score of 45.6667461370288 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the media stories that may have impacted Accern Sentiment’s scoring:
- Critical Contrast: Equity Commonwealth (EQC) versus Boston Properties (BXP) (americanbankingnews.com)
- Equity Commonwealth 5.75% Senio (NYSE:EQCO) Sees Light Trading Volume with 2,908 Shares Changing Hands (highlightpress.com)
- Office Depot buys HQ for $132M (bizjournals.com)
- Equity Commonwealth announces six more sales (seekingalpha.com)
- Equity Commonwealth Completes $216 Million of Dispositions (ih.advfn.com)
Several brokerages have recently issued reports on EQC. Stifel Nicolaus reissued a “hold” rating and set a $33.00 price target on shares of Equity Commonwealth in a research report on Friday, July 28th. Zacks Investment Research lowered shares of Equity Commonwealth from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 27th. Finally, BidaskClub lowered shares of Equity Commonwealth from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 8th. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $32.75.
Shares of Equity Commonwealth (NYSE:EQC) opened at 30.44 on Friday. The stock has a market capitalization of $3.78 billion, a price-to-earnings ratio of 35.31 and a beta of 0.08. The company’s 50 day moving average is $31.35 and its 200-day moving average is $31.38. Equity Commonwealth has a 1-year low of $28.04 and a 1-year high of $32.51.
Equity Commonwealth (NYSE:EQC) last released its quarterly earnings results on Monday, July 24th. The real estate investment trust reported $0.22 EPS for the quarter, missing the consensus estimate of $0.27 by $0.05. The company had revenue of $91.60 million for the quarter, compared to analyst estimates of $98.55 million. Equity Commonwealth had a return on equity of 3.69% and a net margin of 28.50%. The business’s revenue was down 37.0% on a year-over-year basis. During the same period last year, the firm posted $0.42 earnings per share. Equities analysts anticipate that Equity Commonwealth will post $0.19 earnings per share for the current fiscal year.
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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