Equity Commonwealth (NYSE:EQC) Stock Position Reduced by Sei Investments Co.

Sei Investments Co. decreased its stake in Equity Commonwealth (NYSE:EQC) by 32.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 77,924 shares of the real estate investment trust’s stock after selling 37,114 shares during the quarter. Sei Investments Co. owned approximately 0.07% of Equity Commonwealth worth $1,512,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in Equity Commonwealth by 0.4% in the first quarter. Vanguard Group Inc. now owns 16,255,061 shares of the real estate investment trust’s stock valued at $306,896,000 after purchasing an additional 60,382 shares in the last quarter. Burgundy Asset Management Ltd. grew its stake in shares of Equity Commonwealth by 1.4% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 3,709,792 shares of the real estate investment trust’s stock valued at $71,970,000 after buying an additional 50,864 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in Equity Commonwealth by 0.5% in the first quarter. Jacobs Levy Equity Management Inc. now owns 1,718,940 shares of the real estate investment trust’s stock worth $32,454,000 after buying an additional 7,837 shares during the last quarter. Russell Investments Group Ltd. raised its position in Equity Commonwealth by 15.6% during the first quarter. Russell Investments Group Ltd. now owns 1,284,915 shares of the real estate investment trust’s stock valued at $24,259,000 after acquiring an additional 173,413 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in Equity Commonwealth by 0.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,244,666 shares of the real estate investment trust’s stock valued at $23,898,000 after acquiring an additional 9,049 shares during the last quarter. Institutional investors and hedge funds own 96.00% of the company’s stock.

Equity Commonwealth Trading Down 0.1 %

Equity Commonwealth stock opened at $19.68 on Friday. Equity Commonwealth has a 1-year low of $17.93 and a 1-year high of $21.00. The firm’s fifty day simple moving average is $20.15 and its 200-day simple moving average is $19.46. The company has a market capitalization of $2.11 billion, a P/E ratio of 24.91 and a beta of 0.28.

Equity Commonwealth announced that its Board of Directors has authorized a share repurchase program on Tuesday, June 18th that authorizes the company to repurchase $150.00 million in shares. This repurchase authorization authorizes the real estate investment trust to buy up to 6.9% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its shares are 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.