Equity Commonwealth (EQC) Stock Price, News & Analysis

Company Overview

Equity Commonwealth (NYSE: EQC) is a Chicago based, internally managed and self-advised real estate investment trust (REIT) with commercial office properties in the United States. EQC's portfolio is comprised of four properties totaling 1.5 million square feet.

Key Stats

• Today's Range: $20.09 to $20.13
• 50-Day Range: $19.68 to $20.38
• 52-Week Range: $17.93 to $21.00
• Volume: 2.43 million shs
• Average Volume: 3.34 million shs
• Market Capitalization: $2.16 billion
• P/E Ratio: 51.59
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

Equity Commonwealth Stock Analysis - MarketRank™

Equity Commonwealth scored higher than 45% of companies evaluated by MarketBeat, and ranked 682nd out of 930 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Equity Commonwealth.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Equity Commonwealth is 51.59, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.16.

Price to Earnings Ratio vs. Sector

The P/E ratio of Equity Commonwealth is 51.59, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 49.34.

Price to Book Value per Share Ratio

Equity Commonwealth has a P/B Ratio of 0.95. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.33% of the float of Equity Commonwealth has been sold short.

Short Interest Ratio / Days to Cover

Equity Commonwealth has a short interest ratio ("days to cover") of 1.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Equity Commonwealth has recently decreased by 21.47%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Equity Commonwealth does not currently pay a dividend.

Dividend Growth

Equity Commonwealth does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.33% of the float of Equity Commonwealth has been sold short.

Short Interest Ratio / Days to Cover

Equity Commonwealth has a short interest ratio ("days to cover") of 1.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Equity Commonwealth has recently decreased by 21.47%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.9 / 5
• News Sentiment: 1.23

News Sentiment

Equity Commonwealth has a news sentiment score of 1.23. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.76 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 7 news articles for Equity Commonwealth this week, compared to 3 articles on an average week.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Equity Commonwealth insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 2.10% of the stock of Equity Commonwealth is held by insiders.

Percentage Held by Institutions

96.00% of the stock of Equity Commonwealth is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

EQC Stock Analysis - Frequently Asked Questions

How have EQC shares performed this year?

Equity Commonwealth's stock was trading at $19.20 at the start of the year. Since then, EQC shares have increased by 4.8% and is now trading at $20.12.
View the best growth stocks for 2024 here.

How were Equity Commonwealth's earnings last quarter?

Equity Commonwealth (NYSE:EQC) announced its quarterly earnings data on Wednesday, October, 27th. The real estate investment trust reported ($0.04) EPS for the quarter, missing analysts' consensus estimates of ($0.03) by $0.01. The company's quarterly revenue was down 15.8% on a year-over-year basis.

Is Equity Commonwealth buying back stock?

Equity Commonwealth's board approved a share buyback plan on Tuesday, June 18th 2024, which allows the company to repurchase $150,000,000 in outstanding shares, according to EventVestor. This means that the company could purchase up to 6.9% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board of directors believes its stock is undervalued.

Who are Equity Commonwealth's major shareholders?

Equity Commonwealth's top institutional shareholders include Indaba Capital Management L.P. (4.38%), Weiss Asset Management LP (3.60%), State Street Corp (2.99%) and Geode Capital Management LLC (2.51%). Insiders that own company stock include Orrin S Shifrin and Andrew Levy.
View institutional ownership trends.

How do I buy shares of Equity Commonwealth?

Shares of EQC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Equity Commonwealth own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Equity Commonwealth investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Broadcom (AVGO), Netflix (NFLX), Intel (INTC) and Palo Alto Networks (PANW).

Company Calendar

• Last Earnings: 10/27/2021
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/10/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Real estate investment trusts
• Sub-Industry: Office REITs
• Current Symbol: NYSE:EQC
• Previous Symbol: NYSE:HRP
• CUSIP: 20323310
• CIK: 803649
• Web: www.eqcre.com
• Phone: (312) 646-2800
• Fax: 617-796-8376
• Employees: 20
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): $0.39
• Trailing P/E Ratio: 51.59
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $91.16 million
• Net Margins: 82.00%
• Pretax Margin: 86.40%
• Return on Equity: 2.09%
• Return on Assets: 1.96%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 126.74
• Quick Ratio: 126.73

Sales & Book Value

• Annual Sales: $60.52 million
• Price / Sales: 35.68
• Cash Flow: $1.02 per share
• Price / Cash Flow: 19.73
• Book Value: $21.28 per share
• Price / Book: 0.95

Miscellaneous

• Outstanding Shares: 107,330,000
• Free Float: 105,080,000
• Market Cap: $2.16 billion
• Optionable: Optionable
• Beta: 0.27