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. 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: Office REITs
- Sub-Industry: Office REITs
- Symbol: NYSE:EQC
- CUSIP: 20323310
- Web: www.eqcre.com
- Market Cap: $3.9378 billion
- Outstanding Shares: 124,064,000
- 50 Day Moving Avg: $31.65
- 200 Day Moving Avg: $31.34
- 52 Week Range: $28.04 - $32.51
Sales & Book Value:
- Trailing P/E Ratio: 21.79
- Foreward P/E Ratio: 28.60
- P/E Growth: 0.00
- Annual Revenue: $463.1 million
- Price / Sales: 8.66
- Book Value: $25.52 per share
- Price / Book: 1.27
- EBIDTA: $237.22 million
- Net Margins: 45.41%
- Return on Equity: 6.70%
- Return on Assets: 4.45%
- Debt-to-Equity Ratio: 0.36%
- Current Ratio: 37.15%
- Quick Ratio: 37.15%
- Average Volume: 567,675 shs.
- Beta: 0.08
- Short Ratio: 2.88
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 announced that its board has initiated a stock repurchase program on Saturday, April 8th 2017, which authorizes the company to repurchase $150,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to purchase up to 3.9% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.
How were Equity Commonwealth's earnings last quarter?
Equity Commonwealth (NYSE:EQC) announced its quarterly earnings data on Wednesday, May, 3rd. The company reported $0.24 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.26 by $0.02. The business earned $99.50 million during the quarter, compared to the consensus estimate of $102.72 million. Equity Commonwealth had a net margin of 45.41% and a return on equity of 6.70%. The firm's revenue for the quarter was down 27.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.29 earnings per share. View Equity Commonwealth's Earnings History.
When will Equity Commonwealth make its next earnings announcement?
Where is Equity Commonwealth's stock going? Where will Equity Commonwealth's stock price be in 2017?
3 analysts have issued 12 month price objectives for Equity Commonwealth's stock. Their forecasts range from $31.00 to $32.00. On average, they expect Equity Commonwealth's share price to reach $31.50 in the next year. View Analyst Ratings for Equity Commonwealth.
Who are some of Equity Commonwealth's key competitors?
Some companies that are related to Equity Commonwealth include Highwoods Properties (HIW), Hudson Pacific Properties (HPP), Gramercy Property Trust (GPT), Paramount Group (PGRE), Paramount Group (PGRE), Corporate Office Properties Trust (OFC), Piedmont Office Realty Trust (PDM), Brandywine Realty Trust (BDN), Mack-Cali Realty Corporation (CLI), Parkway Properties (PKY), TIER REIT (TIER), City Office REIT (CIO) and Franklin Street Properties Corp. (FSP).
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 variety of of institutional and retail investors. Top institutional shareholders include Peregrine Capital Management LLC (0.26%), First Quadrant L P CA (0.22%), Bank of Montreal Can (0.11%), Gateway Investment Advisers LLC (0.09%), State of Alaska Department of Revenue (0.05%) and Aperio Group LLC (0.04%). 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 Bank of Montreal Can, First Quadrant L P CA, US Bancorp DE, State of Alaska Department of Revenue and CenturyLink Investment Management Co. View Insider Buying and Selling for Equity Commonwealth.
Who bought Equity Commonwealth stock? Who is buying Equity Commonwealth stock?
Equity Commonwealth's stock was bought by a variety of institutional investors in the last quarter, including Gateway Investment Advisers LLC, Aperio Group LLC, Peregrine Capital Management LLC, Chesley Taft & Associates LLC and Nepsis Capital Management Inc.. 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?
MarketBeat Community Rating for Equity Commonwealth (NYSE EQC)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.
One share of Equity Commonwealth stock can currently be purchased for approximately $32.32.
Consensus Ratings for Equity Commonwealth (NYSE:EQC) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||2 Hold Ratings, 1 Buy Rating|
|Consensus Rating:||Hold (Score: 2.33)|
|Consensus Price Target: ||$31.50 (2.54% downside)|
Analysts' Ratings History for Equity Commonwealth (NYSE:EQC)
(Data available from 7/20/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|9/30/2016||Royal Bank Of Canada||Upgrade||Underperform -> Sector Perform||$28.00 -> $32.00||N/A|
|9/1/2016||Citigroup Inc.||Boost Price Target||Neutral||$28.00 -> $31.00||N/A|
|8/15/2016||Bank of America Corporation||Upgrade||Neutral -> Buy||N/A|
|4/11/2016||JMP Securities||Reiterated Rating||Buy||N/A|
|11/6/2015||Stifel Nicolaus||Downgrade||Buy -> Hold||N/A|
Earnings History for Equity Commonwealth (NYSE:EQC)Earnings History by Quarter for Equity Commonwealth (NYSE EQC)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|5/3/2017||Q1 2017||$0.26||$0.24||$102.72 million||$99.50 million||View||Listen|
|2/15/2017||Q416||$0.21||$0.23||$115.71 million||$103.55 million||View||N/A|
|7/28/2016||Q216||$0.32||$0.42||$136.57 million||$145.37 million||View||N/A|
|2/17/2016||Q415||$0.32||$0.27||$154.44 million||$138.90 million||View||Listen|
|11/4/2015||Q315||$0.38||$0.36||$189.29 million||$159.20 million||View||N/A|
|8/5/2015||Q215||$0.50||$0.52||$207.78 million||$203.69 million||View||N/A|
|5/6/2015||Q115||$0.49||$0.55||$211.30 million||$213.06 million||View||N/A|
|2/18/2015||Q414||$0.50||$0.53||$217.10 million||$212.81 million||View||N/A|
|11/3/2014||Q314||$0.53||$0.44||$215.00 million||$216.60 million||View||N/A|
|8/5/2014||Q2||$0.60||$0.68||$218.31 million||$215.19 million||View||N/A|
|5/8/2014||Q1||$0.59||$0.60||$202.97 million||$217.30 million||View||N/A|
|2/27/2014||Q413||$0.54||$0.63||$201.89 million||$198.42 million||View||Listen|
|11/6/2013||Q313||$0.62||$0.57||$259.64 million||$201.74 million||View||N/A|
|8/7/2013||Q213||$0.64||$0.63||$272.75 million||$274.77 million||View||Listen|
|5/8/2013||Q113||$0.73||$0.78||$266.34 million||$275.00 million||View||Listen|
|2/25/2013||Q4 2012||$0.86||$0.82||$263.56 million||$264.69 million||View||Listen|
|11/7/2012||Q312||$0.83||$0.86||$255.15 million||$261.66 million||View||N/A|
Earnings Estimates for Equity Commonwealth (NYSE:EQC)
Current Year EPS Consensus Estimate: $1.07 EPS
Next Year EPS Consensus Estimate: $1.13 EPS
Current Dividend Information for Equity Commonwealth (NYSE:EQC)
|Most Recent Dividend:||2/21/2014|
|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 History by Quarter for Equity Commonwealth (NYSE EQC)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Equity Commonwealth (NYSE:EQC)
Insider Ownership Percentage: 1.03%Insider Trades by Quarter for Equity Commonwealth (NYSE:EQC)
Institutional Ownership Percentage: 93.67%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|8/10/2015||Adam Scott Markman||CFO||Buy||4,500||$27.21||$122,445.00|| |
Headline Trends for Equity Commonwealth (NYSE:EQC)
Latest Headlines for Equity Commonwealth (NYSE:EQC)
|Equity Commonwealth (NYSE:EQC) Scheduled to Post Earnings on Monday|
www.americanbankingnews.com - July 17 at 8:53 AM
|TIER REIT (TIER) versus Equity Commonwealth (EQC) Financial Comparison|
www.americanbankingnews.com - July 16 at 4:24 PM
|Equity Commonwealth (NYSE:EQC) Given Average Recommendation of "Hold" by Brokerages|
www.americanbankingnews.com - July 11 at 10:07 AM
|BidaskClub Downgrades Equity Commonwealth (NYSE:EQC) to Strong Sell|
www.americanbankingnews.com - July 8 at 7:08 PM
|Equity Commonwealth breached its 50 day moving average in a Bearish Manner : EQC-US : July 7, 2017|
finance.yahoo.com - July 8 at 10:32 AM
|Equity Commonwealth Announces Second Quarter 2017 Earnings Conference Call|
finance.yahoo.com - June 28 at 6:06 PM
|Sources: Buyer on tap for Cherrington, Foster Plaza|
www.bizjournals.com - June 23 at 10:40 PM
|Equity Commonwealth breached its 50 day moving average in a Bearish Manner : EQC-US : June 22, 2017|
finance.yahoo.com - June 22 at 10:02 AM
|Reviewing Parkway Properties (PKY) & Equity Commonwealth (EQC)|
www.americanbankingnews.com - June 19 at 12:05 AM
|Equity Commonwealth (EQC) Upgraded at BidaskClub|
www.americanbankingnews.com - June 15 at 6:20 PM
|Equity Commonwealth (EQC) Receives Consensus Rating of "Hold" from Analysts|
www.americanbankingnews.com - June 15 at 4:36 PM
|Equity Commonwealth breached its 50 day moving average in a Bullish Manner : EQC-US : June 5, 2017|
finance.yahoo.com - June 5 at 11:28 AM
|Equity Commonwealth Announces Redemption of 6.65% Unsecured Notes Due 2018|
finance.yahoo.com - June 1 at 5:43 PM
|Equity Commonwealth Becomes Oversold (EQC)|
www.nasdaq.com - May 16 at 9:59 PM
|Equity Commonwealth (EQC) Rating Lowered to Hold at Zacks Investment Research|
www.americanbankingnews.com - May 9 at 7:30 PM
|Equity Commonwealth (EQC) Upgraded by Zacks Investment Research to "Buy"|
www.americanbankingnews.com - May 8 at 10:52 PM
|Austin office complex bought back by original developer; Red's Porch finds North Austin home|
www.bizjournals.com - May 6 at 10:40 AM
|Edited Transcript of EQC earnings conference call or presentation 4-May-17 2:00pm GMT|
finance.yahoo.com - May 5 at 5:13 PM
|Equity Commonwealth's Property Pare-Down Continues|
finance.yahoo.com - May 4 at 10:13 PM
|Equity Commonwealth's Property Pare-Down Continues|
www.fool.com - May 4 at 7:58 PM
|Equity Commonwealth (EQC) Receiving Somewhat Negative Press Coverage, Report Finds|
www.americanbankingnews.com - May 4 at 7:21 PM
|Equity Commonwealth's (EQC) CEO David Helfand on Q1 2017 Results - Earnings Call Transcript|
seekingalpha.com - May 4 at 5:10 PM
|Equity 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
|Equity Commonwealth (EQC) Posts Quarterly Earnings Results, Misses Estimates By $0.02 EPS|
www.americanbankingnews.com - May 4 at 1:35 AM
|Equity Commonwealth (EQC) Releases Earnings Results, Misses Estimates By $0.02 EPS|
www.americanbankingnews.com - May 4 at 1:10 AM
|Equity Commonwealth misses by $0.02|
seekingalpha.com - May 3 at 9:54 PM
|Equity Commonwealth reports 1Q results|
finance.yahoo.com - May 3 at 9:53 PM
|Equity Commonwealth Reports First Quarter 2017 Results|
finance.yahoo.com - May 3 at 4:52 PM
|Equity Commonwealth (EQC) Getting Somewhat Negative News Coverage, AlphaOne Reports|
www.americanbankingnews.com - April 30 at 8:02 AM
|Equity Commonwealth (EQC) Earns Daily Media Impact Score of 0.07|
www.americanbankingnews.com - April 26 at 8:43 AM
|Zacks Investment Research Lowers Equity Commonwealth (EQC) to Hold|
www.americanbankingnews.com - April 25 at 1:12 PM
|Equity Commonwealth (EQC) Receiving Positive Press Coverage, Analysis Shows|
www.americanbankingnews.com - April 23 at 10:24 PM
|Somewhat Critical News Coverage Very Unlikely to Impact Equity Commonwealth (EQC) Share Price|
www.americanbankingnews.com - April 20 at 12:19 PM
|Zacks Investment Research Downgrades Equity Commonwealth (EQC) to Hold|
www.americanbankingnews.com - April 19 at 6:53 PM
|Somewhat Positive Press Coverage Unlikely to Effect Equity Commonwealth (EQC) Stock Price|
www.americanbankingnews.com - April 16 at 1:49 PM
|Bellevue approves Sam Zell's plan for two new downtown towers (Images)|
www.bizjournals.com - April 11 at 12:39 PM
|Equity Commonwealth Announces First Quarter 2017 Earnings Conference Call And Declares Series D Preferred Dividends|
finance.yahoo.com - April 10 at 4:46 PM
|Equity Commonwealth (EQC) Given Average Recommendation of "Buy" by Brokerages|
www.americanbankingnews.com - April 10 at 11:51 AM
|Equity Commonwealth (EQC) to Buyback $150 million in Outstanding Stock |
www.americanbankingnews.com - April 8 at 8:33 AM
|Sources: Local developer pursuing Cherrington Corporate Center|
www.bizjournals.com - April 7 at 4:58 PM
|EQUITY 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
|Equity Commonwealth Sets 2017 Annual Meeting of Shareholders and Increases Share Buyback Authorization|
finance.yahoo.com - March 15 at 5:24 PM
|4:16 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
|Equity Commonwealth boosts buyback|
seekingalpha.com - March 15 at 5:15 PM
|Equity Commonwealth (EQC) Presents At Citi Global Property CEO Conference 2017|
seekingalpha.com - March 8 at 5:49 PM
|Buy 5-Low Beta Stocks to Combat Market Volatility|
finance.yahoo.com - March 3 at 5:01 PM
|Equity Commonwealth to Participate in Citi 2017 Global Property Conference - Business Wire (press release)|
www.businesswire.com - March 2 at 8:13 AM
|Equity Commonwealth to Participate in Citi 2017 Global Property Conference|
finance.yahoo.com - March 2 at 8:13 AM
|Edited Transcript of EQC earnings conference call or presentation 16-Feb-17 3:00pm GMT|
us.rd.yahoo.com - February 17 at 5:43 PM
|Equity Commonwealth's (EQC) CEO David Helfand on Q4 2016 Results - Earnings Call Transcript|
seekingalpha.com - February 16 at 9:37 PM
Equity Commonwealth (EQC) Chart for Thursday, July, 20, 2017