Equity Commonwealth Company Profile (NYSE:EQC)

About Equity Commonwealth (NYSE:EQC)

Equity Commonwealth logoEquity 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. As of December 31, 2016, its properties included Parkshore Plaza; 1225 Seventeenth Street; 1601 Dry Creek Drive; 97 Newberry Road; 33 Stiles Lane; 802 Delaware Avenue; 6600 North Military Trail; East Eisenhower Parkway; 2250 Pilot Knob Road; 411 Farwell Avenue; Cherrington Corporate Center; 1500 Market Street; Foster Plaza; 4515 Seton Center Parkway; Bridgepoint Square, and Research Park. As of December 31, 2016, the Company's land parcels included 625 Crane Street and Cabot Business Park Land.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: REIT - Office
  • Sub-Industry: Office REITs
  • Symbol: NYSE:EQC
  • CUSIP: 20323310
  • Web: www.eqcre.com
Capitalization:
  • Market Cap: $3.87 billion
  • Outstanding Shares: 124,064,000
Average Prices:
  • 50 Day Moving Avg: $31.60
  • 200 Day Moving Avg: $30.72
  • 52 Week Range: $28.04 - $32.51
P/E:
  • Trailing P/E Ratio: 21.05
  • Foreward P/E Ratio: 115.63
  • P/E Growth: 0.00
Sales & Book Value:
  • Annual Revenue: $463.1 million
  • Price / Sales: 8.36
  • Book Value: $25.52 per share
  • Price / Book: 1.22
Profitability:
  • EBIDTA: $237.22 million
  • Net Margins: 49.21%
  • Return on Equity: 8.62%
  • Return on Assets: 5.22%
Debt:
  • Debt-to-Equity Ratio: 0.49%
  • Current Ratio: 29.80%
  • Quick Ratio: 29.80%
Misc:
  • Average Volume: 598,462 shs.
  • Beta: 0.15
  • Short Ratio: 1.91
 

Frequently Asked Questions for Equity Commonwealth (NYSE:EQC)

What is Equity Commonwealth's stock symbol?

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

How will Equity Commonwealth's stock buyback program work?

Equity Commonwealth declared that its board has initiated a share buyback program on Saturday, April 8th 2017, which permits the company to buyback $150,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 3.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

How were Equity Commonwealth's earnings last quarter?

Equity Commonwealth (NYSE:EQC) released its quarterly earnings results on Wednesday, May, 3rd. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.26 by $0.02. The firm had revenue of $99.50 million for the quarter, compared to analyst estimates of $102.72 million. Equity Commonwealth had a return on equity of 8.62% and a net margin of 49.21%. The company's revenue was down 27.4% compared to the same quarter last year. During the same period last year, the business earned $0.29 EPS. View Equity Commonwealth's Earnings History.

Where is Equity Commonwealth's stock going? Where will Equity Commonwealth's stock price be in 2017?

3 brokerages have issued 12-month price objectives for Equity Commonwealth's shares. Their forecasts range from $31.00 to $32.00. On average, they anticipate Equity Commonwealth's stock price to reach $31.50 in the next year. View Analyst Ratings for Equity Commonwealth.

Who are some of Equity Commonwealth's key competitors?

Who are Equity Commonwealth's key executives?

Equity Commonwealth's management team includes the folowing people:

  • Samuel Zell, Chairman of the Board of Trustees
  • David A. Helfand, President, Chief Executive Officer, Trustee
  • Adam S. Markman, Chief Financial Officer, Executive Vice President, Treasurer
  • David S. Weinberg, Chief Operating Officer, Executive Vice President
  • Orrin S. Shifrin, Executive Vice President, General Counsel, Secretary
  • James Scott Corl, Independent Trustee
  • Martin Lee Edelman, Independent Trustee
  • Edward A. Glickman, Independent Trustee
  • Peter David Linneman Ph.D., Lead Independent Trustee
  • James L. Lozier, Independent Trustee

Who owns Equity Commonwealth stock?

Equity Commonwealth's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (15.74%), BlackRock Inc. (6.50%), State Street Corp (3.14%), Victory Capital Management Inc. (2.88%), Artisan Partners Limited Partnership (2.33%) and Resolution Capital Ltd (2.03%). View Institutional Ownership Trends for Equity Commonwealth.

Who sold Equity Commonwealth stock? Who is selling Equity Commonwealth stock?

Equity Commonwealth's stock was sold by a variety of institutional investors in the last quarter, including Credit Suisse AG, Virginia Retirement Systems ET AL, Renaissance Technologies LLC, Bank of Montreal Can, JPMorgan Chase & Co., Massachusetts Financial Services Co. MA, Macquarie Group Ltd. and Boston Partners. View Insider Buying and Selling for Equity Commonwealth.

Who bought Equity Commonwealth stock? Who is buying Equity Commonwealth stock?

Equity Commonwealth's stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Artisan Partners Limited Partnership, Victory Capital Management Inc., Vanguard Group Inc., Resolution Capital Ltd, AXA, Los Angeles Capital Management & Equity Research Inc. and Comerica Bank. View Insider Buying and Selling for Equity Commonwealth.

How do I buy Equity Commonwealth stock?

Shares of Equity Commonwealth can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Equity Commonwealth's stock price today?

One share of Equity Commonwealth stock can currently be purchased for approximately $31.22.


MarketBeat Community Rating for Equity Commonwealth (NYSE EQC)
Community Ranking:  1.1 out of 5 ()
Outperform Votes:  42 (Vote Outperform)
Underperform Votes:  144 (Vote Underperform)
Total Votes:  186
MarketBeat's community ratings are surveys of what our community members think about Equity Commonwealth and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Equity Commonwealth (NYSE:EQC) (?)
Ratings Breakdown: 2 Hold Ratings, 1 Buy Rating
Consensus Rating:Hold (Score: 2.33)
Consensus Price Target: $31.50 (0.90% upside)

Analysts' Ratings History for Equity Commonwealth (NYSE:EQC)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
9/30/2016Royal Bank of CanadaUpgradeUnderperform -> Sector Perform$28.00 -> $32.00N/AView Rating Details
9/1/2016Citigroup IncBoost Price TargetNeutral$28.00 -> $31.00N/AView Rating Details
8/15/2016Bank of America CorpUpgradeNeutral -> BuyN/AView Rating Details
4/11/2016JMP SecuritiesReiterated RatingBuyN/AView Rating Details
11/6/2015Stifel NicolausDowngradeBuy -> HoldN/AView Rating Details
(Data available from 5/29/2015 forward)

Earnings

Earnings History for Equity Commonwealth (NYSE:EQC)
Earnings by Quarter for Equity Commonwealth (NYSE:EQC)
Earnings History by Quarter for Equity Commonwealth (NYSE:EQC)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/3/2017Q1 2017$0.26$0.24$102.72 million$99.50 millionViewListenView Earnings Details
2/15/2017Q416$0.21$0.23$115.71 million$103.55 millionViewN/AView Earnings Details
7/28/2016Q216$0.32$0.42$136.57 million$145.37 millionViewN/AView Earnings Details
2/17/2016Q415$0.32$0.27$154.44 million$138.90 millionViewListenView Earnings Details
11/4/2015Q315$0.38$0.36$189.29 million$159.20 millionViewN/AView Earnings Details
8/5/2015Q215$0.50$0.52$207.78 million$203.69 millionViewN/AView Earnings Details
5/6/2015Q115$0.49$0.55$211.30 million$213.06 millionViewN/AView Earnings Details
2/18/2015Q414$0.50$0.53$217.10 million$212.81 millionViewN/AView Earnings Details
11/3/2014Q314$0.53$0.44$215.00 million$216.60 millionViewN/AView Earnings Details
8/5/2014Q2$0.60$0.68$218.31 million$215.19 millionViewN/AView Earnings Details
5/8/2014Q1$0.59$0.60$202.97 million$217.30 millionViewN/AView Earnings Details
2/27/2014Q413$0.54$0.63$201.89 million$198.42 millionViewListenView Earnings Details
11/6/2013Q313$0.62$0.57$259.64 million$201.74 millionViewN/AView Earnings Details
8/7/2013Q213$0.64$0.63$272.75 million$274.77 millionViewListenView Earnings Details
5/8/2013Q113$0.73$0.78$266.34 million$275.00 millionViewListenView Earnings Details
2/25/2013Q4 2012$0.86$0.82$263.56 million$264.69 millionViewListenView Earnings Details
11/7/2012Q312$0.83$0.86$255.15 million$261.66 millionViewN/AView Earnings Details
8/8/2012$0.83$0.83ViewN/AView Earnings Details
5/3/2012$0.81$0.90ViewN/AView Earnings Details
2/23/2012$0.85$0.76ViewN/AView Earnings Details
11/2/2011$0.84$0.86ViewN/AView Earnings Details
8/3/2011$0.89$0.91ViewN/AView Earnings Details
5/6/2011$0.87$0.86ViewN/AView Earnings Details
2/24/2011$0.89$0.88ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Equity Commonwealth (NYSE:EQC)
Current Year EPS Consensus Estimate: $0.19 EPS
Next Year EPS Consensus Estimate: $0.27 EPS

Dividends

Current Dividend Information for Equity Commonwealth (NYSE:EQC)
Most Recent Dividend:2/21/2014
Dividend Yield:0.00%
Dividend Growth:0.00% (3 Year Average)
Payout Ratio:0.00% (Trailing 12 Months of Earnings)
0.00% (Based on This Year's Estimates)
0.00% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Equity Commonwealth (NYSE:EQC)

Dividend History by Quarter for Equity Commonwealth (NYSE:EQC)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
1/3/2014quarterly$0.254.32%1/9/20141/13/20142/21/2014
10/9/2013quarterly$0.254.15%10/23/201310/25/201311/22/2013
7/9/2013quarterly$0.254.3%7/24/20137/26/20138/23/2013
4/8/2013quarterly$0.254.39%4/19/20134/23/20135/22/2013
1/10/2013quarterly$0.256.37%1/17/20131/22/20132/21/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Equity Commonwealth (NYSE:EQC)
Insider Ownership Percentage: 0.94%
Institutional Ownership Percentage: 91.65%
Insider Trades by Quarter for Equity Commonwealth (NYSE:EQC)
Institutional Ownership by Quarter for Equity Commonwealth (NYSE:EQC)
Insider Trades by Quarter for Equity Commonwealth (NYSE:EQC)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
8/10/2015Adam Scott MarkmanCFOBuy4,500$27.21$122,445.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Equity Commonwealth (NYSE:EQC)
Latest Headlines for Equity Commonwealth (NYSE:EQC)
Source:
DateHeadline
nasdaq.com logoEquity Commonwealth Becomes Oversold (EQC)
www.nasdaq.com - May 16 at 9:59 PM
americanbankingnews.com logoEquity Commonwealth (EQC) Rating Lowered to Hold at Zacks Investment Research
www.americanbankingnews.com - May 9 at 7:30 PM
americanbankingnews.com logoEquity Commonwealth (EQC) Upgraded by Zacks Investment Research to "Buy"
www.americanbankingnews.com - May 8 at 10:52 PM
bizjournals.com logoAustin office complex bought back by original developer; Red's Porch finds North Austin home
www.bizjournals.com - May 6 at 10:40 AM
finance.yahoo.com logoEdited Transcript of EQC earnings conference call or presentation 4-May-17 2:00pm GMT
finance.yahoo.com - May 5 at 5:13 PM
finance.yahoo.com logoEquity Commonwealth's Property Pare-Down Continues
finance.yahoo.com - May 4 at 10:13 PM
fool.com logoEquity Commonwealth's Property Pare-Down Continues
www.fool.com - May 4 at 7:58 PM
americanbankingnews.com logoEquity Commonwealth (EQC) Receiving Somewhat Negative Press Coverage, Report Finds
www.americanbankingnews.com - May 4 at 7:21 PM
seekingalpha.com logoEquity Commonwealth's (EQC) CEO David Helfand on Q1 2017 Results - Earnings Call Transcript
seekingalpha.com - May 4 at 5:10 PM
finance.yahoo.com logoEquity Commonwealth breached its 50 day moving average in a Bearish Manner : EQC-US : May 4, 2017
finance.yahoo.com - May 4 at 11:42 AM
americanbankingnews.com logoEquity Commonwealth (EQC) Posts Quarterly Earnings Results, Misses Estimates By $0.02 EPS
www.americanbankingnews.com - May 4 at 1:35 AM
americanbankingnews.com logoEquity Commonwealth (EQC) Releases Earnings Results, Misses Estimates By $0.02 EPS
www.americanbankingnews.com - May 4 at 1:10 AM
seekingalpha.com logoEquity Commonwealth misses by $0.02
seekingalpha.com - May 3 at 9:54 PM
finance.yahoo.com logoEquity Commonwealth reports 1Q results
finance.yahoo.com - May 3 at 9:53 PM
finance.yahoo.com logoEquity Commonwealth Reports First Quarter 2017 Results
finance.yahoo.com - May 3 at 4:52 PM
americanbankingnews.com logoEquity Commonwealth (EQC) Getting Somewhat Negative News Coverage, AlphaOne Reports
www.americanbankingnews.com - April 30 at 8:02 AM
americanbankingnews.com logoEquity Commonwealth (EQC) Earns Daily Media Impact Score of 0.07
www.americanbankingnews.com - April 26 at 8:43 AM
americanbankingnews.com logoZacks Investment Research Lowers Equity Commonwealth (EQC) to Hold
www.americanbankingnews.com - April 25 at 1:12 PM
americanbankingnews.com logoEquity Commonwealth (EQC) Receiving Positive Press Coverage, Analysis Shows
www.americanbankingnews.com - April 23 at 10:24 PM
americanbankingnews.com logoSomewhat Critical News Coverage Very Unlikely to Impact Equity Commonwealth (EQC) Share Price
www.americanbankingnews.com - April 20 at 12:19 PM
americanbankingnews.com logoZacks Investment Research Downgrades Equity Commonwealth (EQC) to Hold
www.americanbankingnews.com - April 19 at 6:53 PM
americanbankingnews.com logoSomewhat Positive Press Coverage Unlikely to Effect Equity Commonwealth (EQC) Stock Price
www.americanbankingnews.com - April 16 at 1:49 PM
bizjournals.com logoBellevue approves Sam Zell's plan for two new downtown towers (Images)
www.bizjournals.com - April 11 at 12:39 PM
finance.yahoo.com logoEquity Commonwealth Announces First Quarter 2017 Earnings Conference Call And Declares Series D Preferred Dividends
finance.yahoo.com - April 10 at 4:46 PM
americanbankingnews.com logoEquity Commonwealth (EQC) Given Average Recommendation of "Buy" by Brokerages
www.americanbankingnews.com - April 10 at 11:51 AM
americanbankingnews.com logoEquity Commonwealth (EQC) to Buyback $150 million in Outstanding Stock
www.americanbankingnews.com - April 8 at 8:33 AM
bizjournals.com logoSources: Local developer pursuing Cherrington Corporate Center
www.bizjournals.com - April 7 at 4:58 PM
biz.yahoo.com logoEQUITY COMMONWEALTH Files SEC form 8-K, Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year, Financial St
biz.yahoo.com - March 16 at 6:21 PM
finance.yahoo.com logoEquity Commonwealth Sets 2017 Annual Meeting of Shareholders and Increases Share Buyback Authorization
finance.yahoo.com - March 15 at 5:24 PM
finance.yahoo.com logo4:16 pm Equity Commonwealth's Board of Trustees authorized the repurchase of an additional $150 million of its outstanding common shares over the next 12 months to replace the prior authorization which will expire on Friday, March 217
finance.yahoo.com - March 15 at 5:24 PM
seekingalpha.com logoEquity Commonwealth boosts buyback
seekingalpha.com - March 15 at 5:15 PM
seekingalpha.com logoEquity Commonwealth (EQC) Presents At Citi Global Property CEO Conference 2017
seekingalpha.com - March 8 at 5:49 PM
finance.yahoo.com logoBuy 5-Low Beta Stocks to Combat Market Volatility
finance.yahoo.com - March 3 at 5:01 PM
businesswire.com logoEquity Commonwealth to Participate in Citi 2017 Global Property Conference - Business Wire (press release)
www.businesswire.com - March 2 at 8:13 AM
finance.yahoo.com logoEquity Commonwealth to Participate in Citi 2017 Global Property Conference
finance.yahoo.com - March 2 at 8:13 AM
us.rd.yahoo.com logoEdited Transcript of EQC earnings conference call or presentation 16-Feb-17 3:00pm GMT
us.rd.yahoo.com - February 17 at 5:43 PM
seekingalpha.com logoEquity Commonwealth's (EQC) CEO David Helfand on Q4 2016 Results - Earnings Call Transcript
seekingalpha.com - February 16 at 9:37 PM
seekingalpha.com logoEquity Commonwealth's (EQC) CEO David Helfand on Q4 2016 Results - Earnings Call Transcript
seekingalpha.com - February 16 at 9:37 PM
biz.yahoo.com logoEQUITY COMMONWEALTH Files SEC form 8-K, Results of Operations and Financial Condition
us.rd.yahoo.com - February 16 at 9:37 PM
biz.yahoo.com logoEQUITY COMMONWEALTH Files SEC form 8-K, Results of Operations and Financial Condition
us.rd.yahoo.com - February 16 at 9:37 PM
biz.yahoo.com logoEQUITY COMMONWEALTH Files SEC form 10-K, Annual Report
us.rd.yahoo.com - February 16 at 9:37 PM
biz.yahoo.com logoEQUITY COMMONWEALTH Files SEC form 10-K, Annual Report
us.rd.yahoo.com - February 16 at 9:37 PM
fool.com logoThe Equity Commonwealth Repositioning Continues
www.fool.com - February 16 at 7:33 PM
seekingalpha.com logoEquity Commonwealth beats by $0.02, misses on rental income
seekingalpha.com - February 16 at 4:37 PM
biz.yahoo.com logoQ4 2016 Equity Commonwealth Earnings Release - After Market Close
us.rd.yahoo.com - February 16 at 4:37 PM
us.rd.yahoo.com logoEquity Commonwealth Reports Fourth Quarter and Full Year 2016 Results
us.rd.yahoo.com - February 16 at 4:37 PM
finance.yahoo.com logoEquity Commonwealth Announces Tax Treatment of 2016 Distributions
finance.yahoo.com - January 20 at 6:18 PM
finance.yahoo.com logoEquity Commonwealth Declares Series D Preferred Dividends
finance.yahoo.com - January 12 at 5:28 PM
businesswire.com logoEquity Commonwealth Announces Fourth Quarter and Full Year 2016 Earnings Conference Call - Business Wire (press release)
www.businesswire.com - January 11 at 4:03 AM
finance.yahoo.com logoEquity Commonwealth Announces Fourth Quarter and Full Year 2016 Earnings Conference Call
finance.yahoo.com - January 9 at 5:49 PM

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Chart

Equity Commonwealth (EQC) Chart for Monday, May, 29, 2017

This page was last updated on 5/29/2017 by MarketBeat.com Staff