Streetbeat News

EQC

Equity Commonwealth

https://www.eqcre.com

Industry

REIT - Office

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.

Open

20.13

Mkt cap

2.2B

Volume

829K

High

20.19

P/E Ratio

52.95

52-wk high

21.00

Low

20.06

Div yield

N/A

52-wk low

17.93

On Monday, 149 companies reached new 52-week lows. The largest company by market cap to hit a new 52-week low was NextEra Energy (NYSE:NEE), while the smallest was Esports Entertainment (NASDAQ:GMBL). Bionano Genomics (NASDAQ:BNGO) saw the most pronounced move, with shares trading down 842.14% to hit its new 52-week low. Northwest Natural Hldg (NYSE:NWN) shares gained 0.0%, rebounding after it reached its 52-week low.

Portfolio Pulse from Benzinga Insights

August 07, 2023 | 4:13 pm

Several REITs have reported FFO that met or surpassed analyst estimates or were up year-over-year from Q2 2022, but missed on revenue estimates. This could indicate potential recessionary trends, but strong FFO suggests these companies are preparing for possible economic challenges. The REITs include Agree Realty Corp., Apollo Commercial Real Estate, Claros Mortgage Trust, Community Healthcare Trust, Equity Commonwealth, Four Corners Property Trust, Independence Realty Trust Inc., LTC Properties Inc., NNN REIT Inc., and The Weyerhaeuser Co.

Portfolio Pulse from Ethan Roberts

August 04, 2023 | 6:24 pm

During Thursday's session, 92 stocks hit new 52-week lows. Pfizer was the biggest company on a market cap basis to set a new 52-week low. BitNile Metaverse was the smallest firm by market cap to set a new 52-week low. Aravive made the largest move down on the session, with shares plummeting 71.75% to reach its 52-week low. Senstar Tech saw the biggest bounce back on, as shares traded up 0.0% to rebound after it hit its new 52-week low.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 2:12 pm

Equity Commonwealth (EQC) reported Q2 earnings of $0.22 per share, a 450% increase YoY. However, the company's quarterly sales of $14.59 million missed the analyst consensus estimate of $15.24 million by 4.27%, marking a 6.12% decrease YoY.

Portfolio Pulse from saritha@benzinga.com

July 26, 2023 | 8:19 pm

Equity Commonwealth (NYSE:EQC) has disclosed a new share repurchase authorization of up to $150 million from July 1, 2023, through June 30, 2024. The company has $120 million worth of shares remaining under its previous buyback authorization, expiring on June 30, 2023. EQC reported Q1 2023 revenues of $15.576 million, beating the consensus of $15.01 million.

Portfolio Pulse from Lekha Gupta

June 14, 2023 | 12:09 pm

Equity Commonwealth (EQC) has announced an additional $150 million share repurchase authorization, increasing the company's total repurchase capacity.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 8:38 pm

Real estate pioneer Samuel Zell, founder and chairman of Equity Residential (NYSE:EQR), has passed away at 81. Zell's influence spanned various sectors and he played a key role in popularizing the REIT structure. His business empire included Equity LifeStyle Properties Inc (NYSE:ELS) and Equity Commonwealth (NYSE:EQC).

Portfolio Pulse from AJ Fabino

May 18, 2023 | 4:29 pm

Shares of Equity Commonwealth (EQC), Equity Residential (EQR), and Equity Lifestyle Properties (ELS) have resumed trading after a temporary halt.

Portfolio Pulse from Happy Mohamed

May 18, 2023 | 2:49 pm

Shares of Equity Commonwealth (EQC), Equity Residential (EQR), and Equity Lifestyle Properties (ELS) have been halted due to pending news.

Portfolio Pulse from Happy Mohamed

May 18, 2023 | 2:21 pm

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