Equity Commonwealth (NYSE:EQC - Get Free Report) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, October 23rd. Parties that wish to register for the company's conference call can do so using this link.
Equity Commonwealth Stock Up 0.1 %
Shares of Equity Commonwealth stock traded up $0.01 during trading on Wednesday, hitting $19.81. 1,032,740 shares of the stock traded hands, compared to its average volume of 928,822. The stock has a market cap of $2.13 billion, a price-to-earnings ratio of 25.08 and a beta of 0.27. Equity Commonwealth has a 52 week low of $17.93 and a 52 week high of $21.00. The firm's fifty day moving average is $20.09 and its 200-day moving average is $19.52.
Equity Commonwealth declared that its Board of Directors has approved a share repurchase plan on Tuesday, June 18th that allows the company to buyback $150.00 million in outstanding shares. This buyback authorization allows the real estate investment trust to 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 shares are undervalued.
About Equity Commonwealth
(
Get Free Report)
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.
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