Equity Commonwealth (EQC) Getting Somewhat Critical Press Coverage, Study Shows

Media stories about Equity Commonwealth (NYSE:EQC) have been trending somewhat negative recently, according to Accern Sentiment Analysis. Accern rates the sentiment of press coverage by analyzing more than twenty million blog and news 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 daily sentiment score of -0.03 on Accern’s scale. Accern also assigned media headlines about the real estate investment trust an impact score of 46.165095157123 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Shares of Equity Commonwealth opened at $31.56 on Friday, according to Marketbeat.com. The firm has a market capitalization of $3.84 billion, a price-to-earnings ratio of 34.30 and a beta of 0.18. The company has a debt-to-equity ratio of 0.08, a current ratio of 63.57 and a quick ratio of 63.57. Equity Commonwealth has a fifty-two week low of $27.96 and a fifty-two week high of $32.31.

Equity Commonwealth (NYSE:EQC) last released its quarterly earnings data on Monday, July 30th. The real estate investment trust reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. The business had revenue of $48.60 million during the quarter, compared to the consensus estimate of $59.06 million. Equity Commonwealth had a return on equity of 7.27% and a net margin of 92.07%. The business’s revenue for the quarter was down 46.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.22 EPS. analysts forecast that Equity Commonwealth will post 0.61 EPS for the current year.

Several brokerages have weighed in on EQC. Zacks Investment Research upgraded Equity Commonwealth from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a report on Thursday, August 2nd. Citigroup boosted their price target on Equity Commonwealth from $31.00 to $32.00 and gave the company a “neutral” rating in a report on Thursday. Stifel Nicolaus downgraded Equity Commonwealth from a “buy” rating to a “hold” rating and set a $34.00 price target for the company. in a report on Wednesday, August 1st. They noted that the move was a valuation call. Finally, JMP Securities boosted their price target on Equity Commonwealth to $33.00 and gave the company a “market outperform” rating in a report on Tuesday, May 8th.

About Equity Commonwealth

Equity Commonwealth (NYSE: EQC) is a Chicago based, internally managed and self-advised real estate investment trust (REIT) with commercial office properties in the United States. As of June 30, 2018, EQC's portfolio comprised 13 properties and 6.3 million square feet.

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