Equity Commonwealth (EQC) Scheduled to Post Quarterly Earnings on Wednesday

Equity Commonwealth (NYSE:EQC) is scheduled to announce its earnings results after the market closes on Wednesday, February 14th. Analysts expect the company to announce earnings of $0.20 per share for the quarter.

Shares of Equity Commonwealth (NYSE EQC) opened at $28.75 on Wednesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 41.39 and a current ratio of 41.39. The company has a market capitalization of $3,570.00, a P/E ratio of 65.34 and a beta of 0.03. Equity Commonwealth has a twelve month low of $28.13 and a twelve month high of $32.51.

A number of analysts have commented on EQC shares. Zacks Investment Research raised Equity Commonwealth from a “sell” rating to a “hold” rating in a report on Tuesday, December 26th. Stifel Nicolaus reissued a “hold” rating and set a $31.00 price objective on shares of Equity Commonwealth in a report on Thursday, October 26th.

An institutional investor recently raised its position in Equity Commonwealth stock. The Manufacturers Life Insurance Company increased its holdings in Equity Commonwealth (NYSE:EQC) by 7.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,853 shares of the real estate investment trust’s stock after acquiring an additional 275 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in Equity Commonwealth were worth $122,000 at the end of the most recent quarter. 95.26% of the stock is currently owned by institutional investors and hedge funds.

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Equity Commonwealth Company Profile

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.

Earnings History for Equity Commonwealth (NYSE:EQC)

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