Somewhat Positive News Coverage Somewhat Unlikely to Affect Equity Commonwealth (EQC) Stock Price
Media headlines about Equity Commonwealth (NYSE:EQC) have trended somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Equity Commonwealth earned a coverage optimism score of 0.08 on Accern’s scale. Accern also gave press coverage about the real estate investment trust an impact score of 46.1347927435047 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Equity Commonwealth (EQC) vs. Paramount Group (PGRE) Financial Analysis (topix.com)
- Brookfield Asset Management Inc. Significantly Raises Its Stake in Equity Commonwealth of Benefic (EQC) (highlightpress.com)
- Equity Commonwealth (EQC) and Paramount Group (PGRE) Head-To-Head Contrast (americanbankingnews.com)
- Starbucks Corporation (SBUX) Shares Sold by Nordea Investment Management AB (topactu.net)
- Bursting VC-Tech Bubble Spells Trouble For Some Office REITs (seekingalpha.com)
Several research firms have commented on EQC. Zacks Investment Research downgraded shares of Equity Commonwealth from a “hold” rating to a “strong sell” rating in a report on Thursday, July 27th. Stifel Nicolaus reissued a “hold” rating and set a $33.00 price objective on shares of Equity Commonwealth in a report on Friday, July 28th. Finally, BidaskClub raised shares of Equity Commonwealth from a “strong sell” rating to a “sell” rating in a report on Thursday, June 15th. Two equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. The stock has an average rating of “Hold” and an average price target of $32.75.
Equity Commonwealth (EQC) opened at 30.29 on Tuesday. Equity Commonwealth has a 12-month low of $28.04 and a 12-month high of $32.51. The firm’s 50 day moving average is $31.14 and its 200 day moving average is $31.36. The company has a market cap of $3.76 billion, a P/E ratio of 35.14 and a beta of 0.08.
Equity Commonwealth (NYSE:EQC) last released its quarterly earnings results on Monday, July 24th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by $0.05. Equity Commonwealth had a return on equity of 3.69% and a net margin of 28.50%. The firm had revenue of $91.60 million for the quarter, compared to analyst estimates of $98.55 million. During the same period in the prior year, the business earned $0.42 earnings per share. Equity Commonwealth’s revenue for the quarter was down 37.0% on a year-over-year basis. Equities research analysts anticipate that Equity Commonwealth will post $0.19 EPS for the current fiscal year.
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.
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