Previous Close | 18.91 |
Open | 18.91 |
Bid | 0.00 x 900 |
Ask | 0.00 x 1100 |
Day's Range | 18.84 - 18.97 |
52 Week Range | 17.93 - 21.49 |
Volume | |
Avg. Volume | 954,530 |
Market Cap | 2.025B |
Beta (5Y Monthly) | 0.33 |
PE Ratio (TTM) | 25.24 |
EPS (TTM) | 0.75 |
Earnings Date | May 01, 2024 - May 06, 2024 |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | Feb 22, 2023 |
1y Target Est | 20.00 |
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Activist investor Jonathan Litt has a 3% stake in Equity Commonwealth and is threatening to take matters directly to shareholders if the office-building owner doesn’t liquidate and return cash to investors. Litt’s Land & Buildings Investment Management said the company has materially underperformed other real-estate investment trusts in recent years, according to a letter it sent to the company’s board that was seen by The Wall Street Journal. Equity Commonwealth has a market value of about $2 billion, which Litt pointed out is less than the $2.2 billion of cash the company holds.
CHICAGO, March 12, 2024--Equity Commonwealth (NYSE: EQC) today announced that its Annual Meeting of Shareholders will be held virtually on Tuesday, June 18, 2024 at 1:30 p.m. Central Time. Shareholders of record at the close of business on April 12, 2024 will be entitled to vote at the meeting.
After a slow start to earnings season that saw several real estate investment trusts (REITs) struggle to beat earnings estimates, REIT earnings and, in particular, revenue seem to be overcoming estimates over the past few days. Perhaps analysts were playing it too cautiously with REITs, but there's been a huge dichotomy between actual revenue reports coming in versus the estimates. The higher interest rates have not been as bad for the top line as Wall Street was expecting. Take a look at four R