Renaissance Technologies LLC Has $21.86 Million Stock Position in Equity Commonwealth (NYSE:EQC)

Renaissance Technologies LLC lowered its holdings in shares of Equity Commonwealth (NYSE:EQC) by 15.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,126,885 shares of the real estate investment trust’s stock after selling 200,468 shares during the quarter. Renaissance Technologies LLC owned about 1.05% of Equity Commonwealth worth $21,862,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Mesirow Financial Investment Management Inc. bought a new position in Equity Commonwealth during the second quarter valued at about $1,712,000. Quest Partners LLC increased its holdings in shares of Equity Commonwealth by 63,559.6% during the 2nd quarter. Quest Partners LLC now owns 29,920 shares of the real estate investment trust’s stock valued at $580,000 after acquiring an additional 29,873 shares during the last quarter. Arizona State Retirement System raised its stake in shares of Equity Commonwealth by 2.1% in the 2nd quarter. Arizona State Retirement System now owns 29,952 shares of the real estate investment trust’s stock valued at $581,000 after acquiring an additional 625 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Equity Commonwealth by 31.4% in the 2nd quarter. Victory Capital Management Inc. now owns 913,902 shares of the real estate investment trust’s stock valued at $17,730,000 after acquiring an additional 218,204 shares in the last quarter. Finally, Mraz Amerine & Associates Inc. lifted its holdings in Equity Commonwealth by 5.5% in the 2nd quarter. Mraz Amerine & Associates Inc. now owns 96,149 shares of the real estate investment trust’s stock worth $1,865,000 after purchasing an additional 5,025 shares during the last quarter. Institutional investors and hedge funds own 96.00% of the company’s stock.

Equity Commonwealth Stock Down 3.0 %

Shares of Equity Commonwealth stock opened at $19.78 on Friday. Equity Commonwealth has a 12-month low of $17.93 and a 12-month high of $21.00. The stock has a market capitalization of $2.12 billion, a P/E ratio of 25.03 and a beta of 0.28. The stock has a 50 day moving average price of $20.07 and a two-hundred day moving average price of $19.39.

Equity Commonwealth declared that its board has initiated a share repurchase plan on Tuesday, June 18th that permits the company to repurchase $150.00 million in outstanding shares. This repurchase authorization permits the real estate investment trust to repurchase up to 6.9% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management 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.