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 August 14, 2017, the Company's portfolio included 20 properties and 11 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
Capitalization:
  • Market Cap: $3.73013 billion
  • Outstanding Shares: 124,089,000
Average Prices:
  • 50 Day Moving Avg: $30.69
  • 200 Day Moving Avg: $31.31
  • 52 Week Range: $28.04 - $32.51
P/E:
  • Trailing P/E Ratio: 34.79
  • Foreward P/E Ratio: 30.45
  • P/E Growth: 0.00
Sales & Book Value:
  • Annual Revenue: $409.33 million
  • Price / Sales: 9.14
  • Book Value: $25.51 per share
  • Price / Book: 1.18
Profitability:
  • EBIDTA: $194.3 million
  • Net Margins: 28.50%
  • Return on Equity: 3.69%
  • Return on Assets: 2.52%
Debt:
  • Debt-to-Equity Ratio: 0.35%
  • Current Ratio: 31.24%
  • Quick Ratio: 31.23%
Misc:
  • Average Volume: 559,358 shs.
  • Beta: 0.13
  • Short Ratio: 4.78
 

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 authorized a stock buyback program on Saturday, April 8th 2017, which permits the company to repurchase $150,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy up to 3.9% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's board believes its shares are undervalued.

How were Equity Commonwealth's earnings last quarter?

Equity Commonwealth (NYSE:EQC) released its quarterly earnings data on Monday, July, 24th. The company reported $0.22 earnings per share for the quarter, missing analysts' consensus estimates of $0.27 by $0.05. The company earned $91.60 million during the quarter, compared to the consensus estimate of $98.55 million. Equity Commonwealth had a return on equity of 3.69% and a net margin of 28.50%. The company's quarterly revenue was down 37.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.42 EPS. View Equity Commonwealth's Earnings History.

When will Equity Commonwealth make its next earnings announcement?

Equity Commonwealth is scheduled to release their next quarterly earnings announcement on Wednesday, November, 1st 2017. View Earnings Estimates for Equity Commonwealth.

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

2 brokerages have issued 1 year price targets for Equity Commonwealth's stock. Their forecasts range from $32.00 to $33.00. On average, they anticipate Equity Commonwealth's stock price to reach $32.50 in the next twelve months. 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 variety of of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (16.02%), BlackRock Inc. (6.54%), Janus Henderson Group PLC (4.98%), Jackson Square Partners LLC (3.98%), State Street Corp (3.08%) and Victory Capital Management Inc. (2.79%). 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 Jackson Square Partners LLC, Macquarie Group Ltd., Goldman Sachs Group Inc., Resolution Capital Ltd, Bank of Montreal Can, Bessemer Group Inc., UBS Asset Management Americas Inc. and Russell Investments Group Ltd.. 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 Janus Henderson Group PLC, Martingale Asset Management L P, Renaissance Technologies LLC, Artisan Partners Limited Partnership, Cramer Rosenthal Mcglynn LLC, Vanguard Group Inc., Virginia Retirement Systems ET AL and Arrowstreet Capital Limited Partnership. 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 $30.15.


MarketBeat Community Rating for Equity Commonwealth (NYSE EQC)
Community Ranking:  1.5 out of 5 (star half star)
Outperform Votes:  79 (Vote Outperform)
Underperform Votes:  183 (Vote Underperform)
Total Votes:  262
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) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 2 Hold Ratings
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: $32.50 (7.79% upside)

Analysts' Ratings History for Equity Commonwealth (NYSE:EQC)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
9/21/2017Stifel NicolausReiterated RatingHold$33.00LowView Rating Details
9/30/2016Royal Bank Of CanadaUpgradeUnderperform -> Sector Perform$28.00 -> $32.00N/AView Rating Details
9/1/2016Citigroup Inc.Boost Price TargetNeutral$28.00 -> $31.00N/AView Rating Details
8/15/2016Bank of America CorporationUpgradeNeutral -> BuyN/AView Rating Details
4/11/2016JMP SecuritiesReiterated RatingBuyN/AView Rating Details
(Data available from 9/26/2015 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
10/31/2017N/AView Earnings Details
7/24/2017Q2 2017$0.27$0.22$98.55 million$91.60 millionViewN/AView Earnings Details
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: $0.98 EPS
Next Year EPS Consensus Estimate: $0.99 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: 1.03%
Institutional Ownership Percentage: 93.96%
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
americanbankingnews.com logoEquity Commonwealth's (EQC) "Hold" Rating Reaffirmed at Stifel Nicolaus
www.americanbankingnews.com - September 21 at 11:24 AM
bizjournals.com logoSources: Rugby allows sales agreement to buy Foster Plaza, Cherrington Corporate Center to lapse
www.bizjournals.com - September 13 at 7:43 PM
seekingalpha.com logoEquity Commonwealth (EQC) Presents At Bank of America Merrill Lynch 2017 Global Real Estate Conference - Slideshow
seekingalpha.com - September 12 at 7:12 PM
americanbankingnews.com logoReviewing Equity Commonwealth (EQC) and The Competition
www.americanbankingnews.com - September 9 at 10:24 AM
americanbankingnews.com logoEquity Commonwealth (EQC) Given Average Recommendation of "Hold" by Brokerages
www.americanbankingnews.com - August 30 at 2:34 AM
americanbankingnews.com logoEquity Commonwealth (EQC) and Paramount Group (PGRE) Head-To-Head Contrast
www.americanbankingnews.com - August 23 at 4:26 AM
seekingalpha.com logoBursting VC-Tech Bubble Spells Trouble For Some Office REITs
seekingalpha.com - August 23 at 12:07 AM
americanbankingnews.com logoHead-To-Head Contrast: Equity Commonwealth (EQC) and Highwoods Properties (HIW)
www.americanbankingnews.com - August 22 at 8:30 AM
americanbankingnews.com logoCritical Contrast: Equity Commonwealth (EQC) versus Boston Properties (BXP)
www.americanbankingnews.com - August 16 at 10:28 PM
bizjournals.com logoOffice Depot buys HQ for $132M
www.bizjournals.com - August 14 at 6:45 PM
seekingalpha.com logoEquity Commonwealth announces six more sales
seekingalpha.com - August 14 at 6:45 PM
finance.yahoo.com logoSee what the IHS Markit Score report has to say about Equity Commonwealth.
finance.yahoo.com - August 12 at 5:40 PM
finance.yahoo.com logoSee what the IHS Markit Score report has to say about Equity Commonwealth.
finance.yahoo.com - August 12 at 5:40 PM
bizjournals.com logoOffice Depot buys Boca Raton HQ for $132M
www.bizjournals.com - August 11 at 11:56 PM
americanbankingnews.com logoEquity Commonwealth (NYSE:EQC) Receives Consensus Rating of "Hold" from Analysts
www.americanbankingnews.com - August 5 at 7:06 AM
americanbankingnews.com logoEquity Commonwealth (EQC) Cut to Strong Sell at Zacks Investment Research
www.americanbankingnews.com - July 27 at 11:01 PM
finance.yahoo.com logoEquity Commonwealth breached its 50 day moving average in a Bearish Manner : EQC-US : July 27, 2017
finance.yahoo.com - July 27 at 6:55 PM
finance.yahoo.com logoEdited Transcript of EQC earnings conference call or presentation 25-Jul-17 2:00pm GMT
finance.yahoo.com - July 25 at 11:37 PM
nasdaq.com logoDelphi Private Advisors LLC Buys Union Pacific Corp, WEC Energy Group Inc, Wells Fargo, Sells ...
www.nasdaq.com - July 25 at 6:35 PM
fool.com logoMore of the Same From Equity Commonwealth in the Second Quarter
www.fool.com - July 25 at 6:35 PM
seekingalpha.com logoEquity Commonwealth's (EQC) CEO David Helfand on Q2 2017 Results - Earnings Call Transcript
seekingalpha.com - July 25 at 6:35 PM
seekingalpha.com logoEquity Commonwealth misses by $0.04
seekingalpha.com - July 25 at 12:29 AM
americanbankingnews.com logoEquity Commonwealth (EQC) Announces Quarterly Earnings Results, Misses Expectations By $0.04 EPS
www.americanbankingnews.com - July 24 at 9:14 PM
finance.yahoo.com logoEquity Commonwealth Reports Second Quarter 2017 Results
finance.yahoo.com - July 24 at 7:27 PM
finance.yahoo.com logoEquity Commonwealth reports 2Q results
finance.yahoo.com - July 24 at 7:27 PM
americanbankingnews.com logoEquity Commonwealth (NYSE:EQC) Scheduled to Post Earnings on Monday
www.americanbankingnews.com - July 17 at 8:53 AM
americanbankingnews.com logoTIER REIT (TIER) versus Equity Commonwealth (EQC) Financial Comparison
www.americanbankingnews.com - July 16 at 4:24 PM
americanbankingnews.com logoEquity Commonwealth (NYSE:EQC) Given Average Recommendation of "Hold" by Brokerages
www.americanbankingnews.com - July 11 at 10:07 AM
americanbankingnews.com logoBidaskClub Downgrades Equity Commonwealth (NYSE:EQC) to Strong Sell
www.americanbankingnews.com - July 8 at 7:08 PM
finance.yahoo.com logoEquity 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
finance.yahoo.com logoEquity Commonwealth Announces Second Quarter 2017 Earnings Conference Call
finance.yahoo.com - June 28 at 6:06 PM
bizjournals.com logoSources: Buyer on tap for Cherrington, Foster Plaza
www.bizjournals.com - June 23 at 10:40 PM
finance.yahoo.com logoEquity 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
americanbankingnews.com logoReviewing Parkway Properties (PKY) & Equity Commonwealth (EQC)
www.americanbankingnews.com - June 19 at 12:05 AM
americanbankingnews.com logoEquity Commonwealth (EQC) Upgraded at BidaskClub
www.americanbankingnews.com - June 15 at 6:20 PM
americanbankingnews.com logoEquity Commonwealth (EQC) Receives Consensus Rating of "Hold" from Analysts
www.americanbankingnews.com - June 15 at 4:36 PM
finance.yahoo.com logoEquity 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
finance.yahoo.com logoEquity Commonwealth Announces Redemption of 6.65% Unsecured Notes Due 2018
finance.yahoo.com - June 1 at 5:43 PM
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

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Chart

Equity Commonwealth (EQC) Chart for Tuesday, September, 26, 2017

This page was last updated on 9/26/2017 by MarketBeat.com Staff