Equity Commonwealth operates as an internally managed and self-advised real estate investment trust. It engages in the ownership and operation of office properties. The company was founded by Barry M. Portnoy on October 9, 1986 and is headquartered in Chicago, IL.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustryOffice REITs
SectorFinance
Current SymbolNYSE:EQC
Previous SymbolNYSE:HRP
CUSIP20323310
Phone312-646-2800
Debt
Debt-to-Equity Ratio0.09
Current Ratio63.60
Quick Ratio63.60
Price-To-Earnings
Trailing P/E Ratio33.45
Forward P/E Ratio47.34
P/E GrowthN/A
Sales & Book Value
Annual Sales$340.57 million
Price / Sales10.98
Cash Flow$1.0246 per share
Price / Cash Flow30.03
Book Value$25.64 per share
Price / Book1.20
Profitability
EPS (Most Recent Fiscal Year)$0.92
Net Income$29.65 million
Net Margins104.48%
Return on Equity7.35%
Return on Assets5.91%
Miscellaneous
Employees54
Outstanding Shares121,480,000
Market Cap$3.67 billion
OptionableOptionable
Equity Commonwealth (NYSE:EQC) Frequently Asked Questions
What is Equity Commonwealth's stock symbol?
Equity Commonwealth trades on the New York Stock Exchange (NYSE) under the ticker symbol "EQC."
How often does Equity Commonwealth pay dividends? What is the dividend yield for Equity Commonwealth?
Equity Commonwealth announced a dividend on Wednesday, September 26th. Stockholders of record on Tuesday, October 9th will be paid a dividend of $2.50 per share on Tuesday, October 23rd. The ex-dividend date is Friday, October 5th. View Equity Commonwealth's Dividend History.
How will Equity Commonwealth's stock buyback program work?
Equity Commonwealth declared that its Board of Directors has approved a stock buyback program on Thursday, March 15th 2018, which allows the company to buyback $150,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company's board believes its shares are undervalued.
How were Equity Commonwealth's earnings last quarter?
Equity Commonwealth (NYSE:EQC) posted its quarterly earnings results on Wednesday, October, 24th. The real estate investment trust reported $0.25 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.06. The real estate investment trust had revenue of $46.87 million for the quarter, compared to the consensus estimate of $48.78 million. Equity Commonwealth had a net margin of 104.48% and a return on equity of 7.35%. View Equity Commonwealth's Earnings History.
When is Equity Commonwealth's next earnings date?
What price target have analysts set for EQC?
3 Wall Street analysts have issued twelve-month price targets for Equity Commonwealth's stock. Their predictions range from $32.00 to $34.00. On average, they expect Equity Commonwealth's share price to reach $33.00 in the next year. This suggests a possible upside of 7.2% from the stock's current price. View Analyst Price Targets for Equity Commonwealth.
What is the consensus analysts' recommendation for Equity Commonwealth?
3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Equity Commonwealth in the last year. There are currently 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Equity Commonwealth.
Has Equity Commonwealth been receiving favorable news coverage?
Media coverage about EQC stock has trended negative on Wednesday, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Equity Commonwealth earned a news impact score of -2.9 on InfoTrie's scale. They also gave media stories about the real estate investment trust a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the company's share price in the immediate future.
Are investors shorting Equity Commonwealth?
Equity Commonwealth saw a drop in short interest in November. As of November 30th, there was short interest totalling 2,123,768 shares, a drop of 33.0% from the November 15th total of 3,168,257 shares. Based on an average trading volume of 549,727 shares, the short-interest ratio is currently 3.9 days. Approximately 1.8% of the shares of the stock are sold short. View Equity Commonwealth's Current Options Chain.
Who are some of Equity Commonwealth's key competitors?
Some companies that are related to Equity Commonwealth include HCP (HCP), ANNALY CAP MGMT/SH (NLY), Host Hotels and Resorts (HST), Alexandria Real Estate Equities (ARE), Vornado Realty Trust (VNO), Extra Space Storage (EXR), SINO LD LTD/S (SNLAY), Mid-America Apartment Communities (MAA), WP Carey (WPC), Regency Centers (REG), UDR (UDR), Gecina (GECFF), Klepierre (KLPEF), Duke Realty (DRE) and Iron Mountain (IRM).
Who are Equity Commonwealth's key executives?
Equity Commonwealth's management team includes the folowing people:
- David A. Helfand, President, Chief Executive Officer & Trustee
- David S. Weinberg, Chief Operating Officer & Executive Vice President
- Adam Scott Markman, Chief Financial Officer, Treasurer & Executive VP
- Orrin S. Shifrin, Secretary, Executive VP & General Counsel
- Sarah Byrnes, Head-Investor Relations
Who are Equity Commonwealth's major shareholders?
Equity Commonwealth's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (14.97%), Vanguard Group Inc (14.97%), BlackRock Inc. (7.10%), Janus Henderson Group PLC (4.93%), Jackson Square Partners LLC (3.68%) and Victory Capital Management Inc. (2.56%). View Institutional Ownership Trends for Equity Commonwealth.
Which major investors are selling Equity Commonwealth stock?
EQC stock was sold by a variety of institutional investors in the last quarter, including Deutsche Bank AG, JPMorgan Chase & Co., JPMorgan Chase & Co., Resolution Capital Ltd, Thompson Siegel & Walmsley LLC, Renaissance Technologies LLC, Jackson Square Partners LLC and Ancora Advisors LLC. View Insider Buying and Selling for Equity Commonwealth.
Which major investors are buying Equity Commonwealth stock?
EQC stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Massachusetts Financial Services Co. MA, Vanguard Group Inc, Vanguard Group Inc., Talara Capital Management LLC, First Trust Advisors LP, Legal & General Group Plc and Nuance Investments LLC. View Insider Buying and Selling for Equity Commonwealth.
How do I buy shares of 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.
What is Equity Commonwealth's stock price today?
One share of EQC stock can currently be purchased for approximately $30.77.
How big of a company is Equity Commonwealth?
Equity Commonwealth has a market capitalization of $3.67 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.
What is Equity Commonwealth's official website?
How can I contact Equity Commonwealth?
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]
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 EQC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe EQC will underperform the S&P 500 over the long term. You may vote once every thirty days.
