Public Employees Retirement Association of Colorado Lowers Stock Position in Equity Commonwealth (NYSE:EQC)

Public Employees Retirement Association of Colorado trimmed its position in Equity Commonwealth (NYSE:EQC) by 3.1% in the 2nd quarter, HoldingsChannel reports. The fund owned 16,478 shares of the real estate investment trust’s stock after selling 533 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Equity Commonwealth were worth $320,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Equity Commonwealth in the second quarter worth $27,000. Covestor Ltd boosted its holdings in Equity Commonwealth by 21.4% in the 1st quarter. Covestor Ltd now owns 7,083 shares of the real estate investment trust’s stock worth $134,000 after buying an additional 1,250 shares during the period. First Affirmative Financial Network increased its stake in Equity Commonwealth by 7.6% in the 1st quarter. First Affirmative Financial Network now owns 10,972 shares of the real estate investment trust’s stock worth $207,000 after buying an additional 775 shares in the last quarter. SG Americas Securities LLC increased its stake in Equity Commonwealth by 53.1% in the 1st quarter. SG Americas Securities LLC now owns 12,460 shares of the real estate investment trust’s stock worth $235,000 after buying an additional 4,320 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in Equity Commonwealth during the first quarter valued at about $248,000. Institutional investors own 96.00% of the company’s stock.

Equity Commonwealth Stock Up 0.1 %

NYSE EQC opened at $19.81 on Friday. Equity Commonwealth has a twelve month low of $17.93 and a twelve month high of $21.00. The business has a 50-day moving average price of $20.13 and a 200-day moving average price of $19.43. The firm has a market cap of $2.13 billion, a price-to-earnings ratio of 25.07 and a beta of 0.28.

Equity Commonwealth announced that its Board of Directors has initiated a share repurchase plan on Tuesday, June 18th that authorizes the company to buyback $150.00 million in shares. This buyback authorization authorizes the real estate investment trust to repurchase up to 6.9% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

About Equity Commonwealth

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 portfolio is comprised of four properties totaling 1.5 million square feet.