Mesirow Financial Investment Management Inc. Makes New $1.71 Million Investment in Equity Commonwealth (NYSE:EQC)

Mesirow Financial Investment Management Inc. acquired a new stake in shares of Equity Commonwealth (NYSE:EQC) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 88,260 shares of the real estate investment trust’s stock, valued at approximately $1,712,000. Mesirow Financial Investment Management Inc. owned approximately 0.08% of Equity Commonwealth at the end of the most recent quarter.

Several other large investors also recently modified their holdings of EQC. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Equity Commonwealth by 1.2% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 49,845 shares of the real estate investment trust’s stock worth $991,000 after acquiring an additional 569 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in Equity Commonwealth by 0.9% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 66,508 shares of the real estate investment trust’s stock worth $1,256,000 after purchasing an additional 586 shares in the last quarter. Arizona State Retirement System boosted its stake in Equity Commonwealth by 2.1% in the second quarter. Arizona State Retirement System now owns 29,952 shares of the real estate investment trust’s stock worth $581,000 after purchasing an additional 625 shares in the last quarter. First Affirmative Financial Network grew its holdings in shares of Equity Commonwealth by 7.6% during the first quarter. First Affirmative Financial Network now owns 10,972 shares of the real estate investment trust’s stock worth $207,000 after purchasing an additional 775 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Equity Commonwealth by 1.5% in the fourth 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 in the last quarter. 96.00% of the stock is currently owned by institutional investors.

Equity Commonwealth Stock Up 0.0 %

Shares of NYSE EQC opened at $20.31 on Tuesday. Equity Commonwealth has a 12-month low of $17.93 and a 12-month high of $21.00. The company has a market cap of $2.18 billion, a price-to-earnings ratio of 25.71 and a beta of 0.28. The firm’s 50-day simple moving average is $20.00 and its 200 day simple moving average is $19.37.

Equity Commonwealth announced that its board has authorized a share repurchase program on Tuesday, June 18th that permits the company to buyback $150.00 million in shares. This buyback authorization permits the real estate investment trust to reacquire up to 6.9% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Equity Commonwealth Company Profile

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.