Analysts Point To Equity Commonwealth (NYSE: EQC) Growth In The Future

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Equity Commonwealth (EQC) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.27, or -1.31%, to $20.29. The Equity Commonwealth has recorded 11,754 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Equity Commonwealth Reports First Quarter 2023 Results.

Stocks Info

As a NYSE listed company, EQC falls under the Real Estate sector while operating within the REIT – Office industry segment. At the end of the last regular session, the stock closed at $20.56 and fluctuated between $20.69 as its day high and $20.21 as its day low. The current market capitalization of Equity Commonwealth is $2.24B. A total of 0.98 million shares were traded on the day, compared to an average of 1.35M shares.

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, EQC has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 17 BUYs and 5 SELLs from insiders. Insiders purchased 145,861 shares during that period but sold 95,045.

In the most recent transaction, Shifrin Orrin S sold 50,000 shares of EQC for 26.95 per share on Sep 20. After the transaction, the EVP, Gen. Counsel & Secretary now owns 184,345 company shares.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. EQC’s most recent ex-dividend date was 2/22/2023 when it declared a $4.25 quarterly dividend that was paid in cash on 3/9/2023. Previously, the company paid the dividend on 10/18/2022 with an ex-dividend date of 9/28/2022. The EQC stock dividend was $1.00 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for EQC in the last 3 months, the mean price target is $21.00 with high estimates of $22.00 and low estimates of $20.00. In terms of 52-week highs and lows, EQC has a high of $22.89 and a low of $19.41.

As of this writing, EQC has an earnings estimate of $0 per share for the current quarter. EPS was calculated based on a consensus of 0 estimates, with a high estimate of $0 per share and a lower estimate of $0.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. EQC’s latest balance sheet shows that the firm has $2.80B in Cash & Short Term Investments as of fiscal 2021. There were $25.69M in debt and $26.11M in liabilities at the time. Its Book Value Per Share was $25.32, while its Total Shareholder’s Equity was $3.06B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for EQC is Buy with a score of 2.00.