NYSE:EQC - Equity Commonwealth Stock Price, Price Target & More

Equity Commonwealth trades on the New York Stock Exchange (NYSE) under the ticker symbol "EQC."

Equity Commonwealth announced that its board has initiated a share repurchase plan on Thursday, March 15th 2018, which authorizes the company to repurchase $150,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company's board believes its shares are undervalued.

Equity Commonwealth (NYSE:EQC) posted its quarterly earnings results on Tuesday, October, 24th. The real estate investment trust reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.24 by $0.05. The real estate investment trust earned $77.80 million during the quarter, compared to analyst estimates of $92.13 million. Equity Commonwealth had a return on equity of 6.03% and a net margin of 64.57%. The firm's quarterly revenue was down 32.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.23 earnings per share. View Equity Commonwealth's Earnings History.

Equity Commonwealth is scheduled to release their next quarterly earnings announcement on Monday, July, 30th 2018. View Earnings Estimates for Equity Commonwealth.

2 analysts have issued 1 year price objectives for Equity Commonwealth's shares. Their predictions range from $32.00 to $33.00. On average, they anticipate Equity Commonwealth's share price to reach $32.50 in the next twelve months. This suggests a possible upside of 3.3% from the stock's current price. View Analyst Ratings for Equity Commonwealth.

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Equity Commonwealth in the last year. There are currently 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy."

Some companies that are related to Equity Commonwealth include Vornado Realty Trust (VNO), Alexandria Real Estate Equities (ARE), Gecina (GECFF), Extra Space Storage (EXR), HCP (HCP), ANNALY Cap Mgmt/SH (NLY), Klépierre (KLPEF), Mid-America Apartment Communities (MAA), Iron Mountain (IRM), Regency Centers (REG), Duke Realty (DRE), SINO Ld Ltd/S (SNLAY), UDR (UDR), Federal Realty Investment Trust (FRT) and SL Green Realty (SLG).

News articles about EQC stock have been trending somewhat positive on Tuesday, according to Accern Sentiment. Accern rates the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Equity Commonwealth earned a news sentiment score of 0.12 on Accern's scale. They also assigned news headlines about the real estate investment trust an impact score of 45.39 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the near future.

Equity Commonwealth's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Peregrine Capital Management LLC (0.16%), Port Capital LLC (0.10%), Gateway Investment Advisers LLC (0.10%), Bank of Montreal Can (0.06%), State of Alaska Department of Revenue (0.05%) and Clinton Group Inc. (0.04%). View Institutional Ownership Trends for Equity Commonwealth.

EQC stock was sold by a variety of institutional investors in the last quarter, including Peregrine Capital Management LLC, State of Alaska Department of Revenue and Gateway Investment Advisers LLC. View Insider Buying and Selling for Equity Commonwealth.

EQC stock was bought by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Clinton Group Inc., Port Capital LLC and Xact Kapitalforvaltning AB. View Insider Buying and Selling for Equity Commonwealth.

Shares of EQC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of EQC stock can currently be purchased for approximately $31.46.

Equity Commonwealth has a market capitalization of $3.85 billion and generates $340.57 million in revenue each year. The real estate investment trust earns $29.65 million in net income (profit) each year or $0.92 on an earnings per share basis. Equity Commonwealth employs 54 workers across the globe.

Equity Commonwealth's mailing address is TWO NORTH RIVERSIDE PLAZA SUITE 2100, CHICAGO IL, 60606. The real estate investment trust can be reached via phone at 312-646-2800 or via email at [email protected]