Commonwealth Equity Services LLC Has $2.92 Million Position in Columbia Property Trust (NYSE:CXP)

Commonwealth Equity Services LLC reduced its stake in shares of Columbia Property Trust (NYSE:CXP) by 3.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 137,847 shares of the real estate investment trust’s stock after selling 4,255 shares during the quarter. Commonwealth Equity Services LLC owned approximately 0.12% of Columbia Property Trust worth $2,915,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the stock. Cohen & Steers Inc. boosted its holdings in shares of Columbia Property Trust by 70.1% during the second quarter. Cohen & Steers Inc. now owns 8,205,436 shares of the real estate investment trust’s stock worth $170,181,000 after purchasing an additional 3,382,212 shares during the period. Centersquare Investment Management LLC grew its position in Columbia Property Trust by 51.8% in the second quarter. Centersquare Investment Management LLC now owns 4,120,411 shares of the real estate investment trust’s stock worth $85,458,000 after acquiring an additional 1,406,048 shares in the last quarter. Morgan Stanley increased its stake in shares of Columbia Property Trust by 3.2% during the 2nd quarter. Morgan Stanley now owns 2,710,063 shares of the real estate investment trust’s stock worth $56,204,000 after purchasing an additional 83,704 shares during the last quarter. Westwood Holdings Group Inc. increased its stake in shares of Columbia Property Trust by 0.6% during the 2nd quarter. Westwood Holdings Group Inc. now owns 1,452,144 shares of the real estate investment trust’s stock worth $30,117,000 after purchasing an additional 8,441 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Columbia Property Trust by 17.0% during the 2nd quarter. Renaissance Technologies LLC now owns 1,397,402 shares of the real estate investment trust’s stock worth $28,982,000 after purchasing an additional 202,902 shares during the last quarter. Institutional investors and hedge funds own 77.07% of the company’s stock.

Several equities research analysts recently issued reports on the stock. Goldman Sachs Group began coverage on shares of Columbia Property Trust in a research note on Friday. They issued a “neutral” rating and a $22.00 price objective for the company. BMO Capital Markets downgraded shares of Columbia Property Trust from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $23.00 to $22.00 in a research report on Thursday, October 17th. Finally, Zacks Investment Research downgraded shares of Columbia Property Trust from a “buy” rating to a “hold” rating in a research report on Monday, August 19th.

Shares of NYSE CXP opened at $20.79 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 4.45 and a current ratio of 4.45. The firm has a market cap of $2.43 billion, a price-to-earnings ratio of 13.33 and a beta of 0.89. The business’s 50-day simple moving average is $20.64 and its 200-day simple moving average is $21.39. Columbia Property Trust has a 52 week low of $18.08 and a 52 week high of $23.21.

Columbia Property Trust (NYSE:CXP) last posted its earnings results on Thursday, October 24th. The real estate investment trust reported $0.03 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.03. The firm had revenue of $71.95 million during the quarter, compared to analyst estimates of $65.44 million. Columbia Property Trust had a return on equity of 1.32% and a net margin of 12.17%. The company’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.40 EPS. As a group, equities research analysts forecast that Columbia Property Trust will post 1.46 earnings per share for the current year.

About Columbia Property Trust

Columbia Property Trust (NYSE: CXP) owns and operates Class-A office buildings concentrated in New York, San Francisco, and Washington, DC Its portfolio includes 19 properties with approximately nine million square feet. Columbia carries an investment-grade rating from both Moody's and Standard & Poor's.

Featured Article: Special Dividends

Institutional Ownership by Quarter for Columbia Property Trust (NYSE:CXP)

Receive News & Ratings for Columbia Property Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Columbia Property Trust and related companies with MarketBeat.com's FREE daily email newsletter.