Columbia Property Trust (NYSE:CXP) Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. grew its holdings in shares of Columbia Property Trust (NYSE:CXP) by 11.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 918,806 shares of the real estate investment trust’s stock after purchasing an additional 94,224 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.79% of Columbia Property Trust worth $19,443,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in CXP. Marshall Wace North America L.P. acquired a new stake in Columbia Property Trust during the 1st quarter worth $25,000. Nisa Investment Advisors LLC boosted its position in shares of Columbia Property Trust by 44.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 14,358 shares of the real estate investment trust’s stock valued at $298,000 after acquiring an additional 4,413 shares during the last quarter. Machina Capital S.A.S. boosted its position in shares of Columbia Property Trust by 574.2% during the 2nd quarter. Machina Capital S.A.S. now owns 11,718 shares of the real estate investment trust’s stock valued at $243,000 after acquiring an additional 9,980 shares during the last quarter. State of Alaska Department of Revenue boosted its position in shares of Columbia Property Trust by 12.5% during the 2nd quarter. State of Alaska Department of Revenue now owns 58,290 shares of the real estate investment trust’s stock valued at $1,208,000 after acquiring an additional 6,471 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its position in shares of Columbia Property Trust by 7.0% during the 2nd quarter. Daiwa Securities Group Inc. now owns 20,000 shares of the real estate investment trust’s stock valued at $415,000 after acquiring an additional 1,300 shares during the last quarter. 77.07% of the stock is currently owned by institutional investors.

Shares of CXP stock traded down $0.44 on Friday, hitting $20.79. 604,739 shares of the stock traded hands, compared to its average volume of 551,467. The firm’s 50-day moving average price is $20.64 and its two-hundred day moving average price is $21.39. 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 stock has a market capitalization of $2.43 billion, a PE ratio of 13.33 and a beta of 0.89. Columbia Property Trust has a twelve month low of $18.08 and a twelve month high of $23.21.

Columbia Property Trust (NYSE:CXP) last announced its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.03 earnings per share for the quarter, meeting the consensus estimate of $0.03. The firm had revenue of $71.95 million for the quarter, compared to analysts’ expectations of $65.44 million. Columbia Property Trust had a net margin of 12.17% and a return on equity of 1.32%. The company’s revenue was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 EPS. On average, equities research analysts anticipate that Columbia Property Trust will post 1.46 EPS for the current fiscal year.

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

Columbia Property Trust 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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