State of New Jersey Common Pension Fund D Has $2.95 Million Stock Holdings in Equity Commonwealth (NYSE:EQC)

State of New Jersey Common Pension Fund D lowered its stake in shares of Equity Commonwealth (NYSE:EQC) by 0.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 151,817 shares of the real estate investment trust’s stock after selling 1,376 shares during the period. State of New Jersey Common Pension Fund D owned about 0.14% of Equity Commonwealth worth $2,945,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Equity Commonwealth by 1.5% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 65,472 shares of the real estate investment trust’s stock valued at $1,264,000 after buying an additional 960 shares during the last quarter. Norges Bank acquired a new stake in Equity Commonwealth in the fourth quarter valued at approximately $16,834,000. Burgundy Asset Management Ltd. grew its position in Equity Commonwealth by 3.7% in the fourth quarter. Burgundy Asset Management Ltd. now owns 2,869,432 shares of the real estate investment trust’s stock worth $55,093,000 after acquiring an additional 102,254 shares in the last quarter. HGI Capital Management LLC acquired a new position in shares of Equity Commonwealth during the 4th quarter worth $2,403,000. Finally, Dean Capital Management raised its holdings in shares of Equity Commonwealth by 14.3% during the 4th quarter. Dean Capital Management now owns 98,143 shares of the real estate investment trust’s stock valued at $1,884,000 after purchasing an additional 12,298 shares in the last quarter. 96.00% of the stock is currently owned by hedge funds and other institutional investors.

Equity Commonwealth Trading Down 0.3 %

EQC stock opened at $20.28 on Thursday. The firm has a market cap of $2.18 billion, a PE ratio of 25.67 and a beta of 0.28. Equity Commonwealth has a 1 year low of $17.93 and a 1 year high of $21.00. The company has a fifty day simple moving average of $20.02 and a 200 day simple moving average of $19.38.

Equity Commonwealth declared that its Board of Directors has approved a share buyback plan on Tuesday, June 18th that authorizes the company to buyback $150.00 million in outstanding shares. This buyback authorization authorizes the real estate investment trust to buy up to 6.9% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board 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.