Equity Commonwealth (EQC) to Release Earnings on Wednesday

Equity Commonwealth (NYSE:EQC – Get Rating) is set to announce its earnings results after the market closes on Wednesday, May 4th. Investors that are interested in participating in the company’s conference call can do so using this link.

Shares of Equity Commonwealth stock opened at $26.74 on Wednesday. The firm has a market cap of $3.02 billion, a PE ratio of -133.69 and a beta of 0.18. The stock’s 50-day moving average price is $27.37. Equity Commonwealth has a 12-month low of $25.00 and a 12-month high of $29.07.

Several research analysts recently weighed in on EQC shares. Zacks Investment Research raised shares of Equity Commonwealth from a “hold” rating to a “strong-buy” rating and set a $31.00 price target on the stock in a research note on Tuesday, March 15th. TheStreet downgraded shares of Equity Commonwealth from a “c” rating to a “d+” rating in a report on Thursday, February 10th. Finally, StockNews.com assumed coverage on shares of Equity Commonwealth in a report on Thursday, March 31st. They issued a “sell” rating on the stock.

Several institutional investors have recently made changes to their positions in EQC. Virtu Financial LLC bought a new stake in shares of Equity Commonwealth in the fourth quarter valued at about $202,000. Millennium Management LLC bought a new stake in shares of Equity Commonwealth in the third quarter valued at about $329,000. Schonfeld Strategic Advisors LLC boosted its position in shares of Equity Commonwealth by 25.4% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 36,000 shares of the real estate investment trust’s stock valued at $932,000 after acquiring an additional 7,300 shares during the period. Vident Investment Advisory LLC boosted its position in shares of Equity Commonwealth by 1.4% in the fourth quarter. Vident Investment Advisory LLC now owns 43,689 shares of the real estate investment trust’s stock valued at $1,132,000 after acquiring an additional 583 shares during the period. Finally, Cubist Systematic Strategies LLC boosted its position in shares of Equity Commonwealth by 199.7% in the fourth quarter. Cubist Systematic Strategies LLC now owns 46,913 shares of the real estate investment trust’s stock valued at $1,215,000 after acquiring an additional 31,261 shares during the period. 93.81% of the stock is owned by institutional investors.

About Equity Commonwealth (Get Rating)

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 same property portfolio is comprised of 4 properties and 1.5 million square feet.

Further Reading