Equity Commonwealth (EQC) Receiving Somewhat Critical Media Coverage, Accern Reports
News headlines about Equity Commonwealth (NYSE:EQC) have trended somewhat negative recently, Accern Sentiment reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Equity Commonwealth earned a media sentiment score of -0.01 on Accern’s scale. Accern also assigned news articles about the real estate investment trust an impact score of 46.7181538773845 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Equity Commonwealth (NYSE:EQC) last issued its quarterly earnings results on Tuesday, October 24th. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.05). Equity Commonwealth had a net margin of 17.04% and a return on equity of 2.00%. The business had revenue of $77.80 million for the quarter, compared to analysts’ expectations of $92.13 million. During the same period last year, the business earned $0.23 earnings per share. The company’s revenue was down 32.1% on a year-over-year basis.
Several equities research analysts have recently commented on EQC shares. BidaskClub downgraded shares of Equity Commonwealth from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 8th. Zacks Investment Research downgraded shares of Equity Commonwealth from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 27th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $33.00 target price on shares of Equity Commonwealth in a research report on Friday, July 28th.
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About Equity Commonwealth
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 August 14, 2017, the Company’s portfolio included 20 properties and 11 million square feet.
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