Columbia Property Trust (CXP) Position Raised by Virginia Retirement Systems ET AL

Virginia Retirement Systems ET AL boosted its stake in Columbia Property Trust (NYSE:CXP) by 59.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 281,400 shares of the real estate investment trust’s stock after purchasing an additional 104,600 shares during the quarter. Virginia Retirement Systems ET AL owned about 0.24% of Columbia Property Trust worth $6,652,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CXP. Private Advisor Group LLC increased its holdings in shares of Columbia Property Trust by 252.2% in the third quarter. Private Advisor Group LLC now owns 57,745 shares of the real estate investment trust’s stock worth $1,365,000 after acquiring an additional 41,350 shares in the last quarter. Patriot Financial Group Insurance Agency LLC increased its holdings in shares of Columbia Property Trust by 1,273.9% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 8,367 shares of the real estate investment trust’s stock worth $198,000 after acquiring an additional 7,758 shares in the last quarter. CWM LLC increased its holdings in shares of Columbia Property Trust by 108.2% in the third quarter. CWM LLC now owns 4,570 shares of the real estate investment trust’s stock worth $108,000 after acquiring an additional 2,375 shares in the last quarter. Barings LLC bought a new stake in shares of Columbia Property Trust in the third quarter worth about $466,000. Finally, Creative Planning increased its holdings in shares of Columbia Property Trust by 28.2% in the third quarter. Creative Planning now owns 14,323 shares of the real estate investment trust’s stock worth $339,000 after acquiring an additional 3,153 shares in the last quarter. Institutional investors and hedge funds own 75.37% of the company’s stock.

Separately, Zacks Investment Research downgraded Columbia Property Trust from a “buy” rating to a “hold” rating in a report on Monday, July 16th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $23.20.

Shares of Columbia Property Trust stock opened at $22.61 on Friday. Columbia Property Trust has a 1 year low of $19.55 and a 1 year high of $25.07. The stock has a market capitalization of $2.67 billion, a price-to-earnings ratio of 19.83 and a beta of 1.00. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.49.

Columbia Property Trust (NYSE:CXP) last announced its quarterly earnings results on Thursday, October 25th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.04. Columbia Property Trust had a return on equity of 0.11% and a net margin of 1.07%. The company had revenue of $73.34 million during the quarter, compared to the consensus estimate of $71.86 million. On average, research analysts predict that Columbia Property Trust will post 1.53 EPS 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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