Russell Investments Group Ltd. Sells 95,400 Shares of Columbia Property Trust (CXP)

Russell Investments Group Ltd. decreased its holdings in Columbia Property Trust (NYSE:CXP) by 11.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 720,453 shares of the real estate investment trust’s stock after selling 95,400 shares during the period. Russell Investments Group Ltd. owned 0.61% of Columbia Property Trust worth $16,901,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Creative Planning increased its stake 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 purchasing an additional 3,153 shares in the last quarter. Northern Trust Corp increased its stake in shares of Columbia Property Trust by 1.2% in the second quarter. Northern Trust Corp now owns 1,389,544 shares of the real estate investment trust’s stock worth $31,557,000 after purchasing an additional 16,474 shares in the last quarter. Mizuho Securities USA LLC purchased a new position in shares of Columbia Property Trust in the third quarter worth about $1,182,000. Bank of Montreal Can increased its stake in shares of Columbia Property Trust by 41.9% in the third quarter. Bank of Montreal Can now owns 209,196 shares of the real estate investment trust’s stock worth $4,945,000 after purchasing an additional 61,781 shares in the last quarter. Finally, Timbercreek Investment Management Inc. purchased a new position in shares of Columbia Property Trust in the third quarter worth about $9,902,000. Hedge funds and other institutional investors own 75.37% of the company’s stock.

CXP stock opened at $22.61 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.92 and a quick ratio of 1.92. Columbia Property Trust has a 12 month low of $19.55 and a 12 month high of $25.07. The company has a market capitalization of $2.67 billion, a PE ratio of 19.83 and a beta of 1.00.

Columbia Property Trust (NYSE:CXP) last released its quarterly earnings data on Thursday, October 25th. The real estate investment trust reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.04. Columbia Property Trust had a net margin of 1.07% and a return on equity of 0.11%. The company had revenue of $73.34 million during the quarter, compared to analyst estimates of $71.86 million. Equities research analysts predict that Columbia Property Trust will post 1.53 EPS for the current year.

Separately, Zacks Investment Research downgraded shares of Columbia Property Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, July 24th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. Columbia Property Trust has an average rating of “Hold” and an average price target of $23.20.

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Columbia Property Trust Company Profile

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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