EQC Stock Summary and Trading Ideas (Equity Commonwealth Common Shares Of Beneficial Interest | NYSE:EQC)

Equity Commonwealth is a real estate investment trust engaged in the acquisition, ownership, and operation of primarily office buildings located throughout the United States. The vast majority of the company's real estate portfolio comprises office assets. These properties are fairly evenly dispersed between many of America's major urban markets, notably Washington, Austin, and Denver. Equity Commonwealth derives the vast majority of its income in the form of rental revenue from tenants occupying its offices.

Equity Commonwealth Common Shares Of Beneficial Interest trades on the NYSE stock market under the symbol EQC.

As of April 24, 2024, EQC stock price climbed to $18.66 with 999,036 million shares trading.

EQC has a beta of 0.32, meaning it tends to be less sensitive to market movements. EQC has a correlation of 0.12 to the broad based SPY ETF.

EQC has a market cap of $2.00 billion. This is considered a Small Cap stock.

In the last 3 years, EQC stock traded as high as $29.07 and as low as $17.93.

The top ETF exchange traded funds that EQC belongs to (by Net Assets): VNQ, VTI, VB, IWM, VBR.

EQC has underperformed the market in the last year with a return of -9.5%, while the SPY ETF gained +24.2%. In the last 3 month period, EQC fell short of the market, returning -4.3%, while SPY returned +4.6%. However, in the most recent 2 weeks EQC has outperformed the stock market by returning -1.7%, while SPY returned -2.7%.

EQC support price is $18.44 and resistance is $18.76 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that EQC stock will trade within this expected range on the day.