Columbia Property Trust (CXP) Position Cut by Raymond James & Associates

Raymond James & Associates reduced its holdings in shares of Columbia Property Trust (NYSE:CXP) by 33.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,438 shares of the real estate investment trust’s stock after selling 5,337 shares during the period. Raymond James & Associates’ holdings in Columbia Property Trust were worth $202,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in CXP. Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of Columbia Property Trust during the fourth quarter worth $254,000. BlackRock Inc. boosted its position in shares of Columbia Property Trust by 3.0% during the fourth quarter. BlackRock Inc. now owns 9,224,417 shares of the real estate investment trust’s stock worth $178,492,000 after buying an additional 271,712 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in shares of Columbia Property Trust by 5.4% during the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 20,980 shares of the real estate investment trust’s stock worth $395,000 after buying an additional 1,072 shares during the period. LPL Financial LLC boosted its position in shares of Columbia Property Trust by 0.8% during the fourth quarter. LPL Financial LLC now owns 120,949 shares of the real estate investment trust’s stock worth $2,340,000 after buying an additional 976 shares during the period. Finally, Prudential Financial Inc. boosted its position in shares of Columbia Property Trust by 1.5% during the fourth quarter. Prudential Financial Inc. now owns 1,587,498 shares of the real estate investment trust’s stock worth $30,718,000 after buying an additional 24,054 shares during the period. 75.45% of the stock is currently owned by institutional investors.

Separately, Zacks Investment Research lowered Columbia Property Trust from a “hold” rating to a “sell” rating in a research report on Thursday, March 14th.

CXP opened at $22.37 on Wednesday. Columbia Property Trust has a 52 week low of $18.08 and a 52 week high of $25.07. The firm has a market cap of $2.67 billion, a PE ratio of 14.53 and a beta of 1.01. The company has a quick ratio of 2.19, a current ratio of 2.19 and a debt-to-equity ratio of 0.48.

Columbia Property Trust (NYSE:CXP) last released its quarterly earnings results on Wednesday, February 13th. The real estate investment trust reported $0.04 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.33). Columbia Property Trust had a return on equity of 0.34% and a net margin of 3.19%. The firm had revenue of $75.52 million for the quarter, compared to analysts’ expectations of $73.26 million. During the same quarter in the prior year, the business earned $0.32 earnings per share. The company’s quarterly revenue was up 5.4% on a year-over-year basis. Equities research analysts predict that Columbia Property Trust will post 1.39 earnings per share for the current fiscal year.

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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.

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

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