Los Angeles Capital Management & Equity Research Inc. Has $7.13 Million Holdings in Columbia Property Trust, Inc. (CXP)

Los Angeles Capital Management & Equity Research Inc. cut its holdings in shares of Columbia Property Trust, Inc. (NYSE:CXP) by 18.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 327,521 shares of the real estate investment trust’s stock after selling 75,780 shares during the quarter. Los Angeles Capital Management & Equity Research Inc. owned approximately 0.27% of Columbia Property Trust worth $7,130,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. SG Americas Securities LLC increased its holdings in Columbia Property Trust by 0.8% during the 2nd quarter. SG Americas Securities LLC now owns 6,839 shares of the real estate investment trust’s stock worth $153,000 after purchasing an additional 51 shares during the last quarter. Thrivent Financial For Lutherans increased its holdings in Columbia Property Trust by 1.3% during the 2nd quarter. Thrivent Financial For Lutherans now owns 16,200 shares of the real estate investment trust’s stock worth $363,000 after purchasing an additional 200 shares during the last quarter. Aperio Group LLC increased its holdings in Columbia Property Trust by 1.7% during the 2nd quarter. Aperio Group LLC now owns 14,666 shares of the real estate investment trust’s stock worth $328,000 after purchasing an additional 245 shares during the last quarter. Sigma Planning Corp increased its holdings in Columbia Property Trust by 2.2% during the 2nd quarter. Sigma Planning Corp now owns 13,180 shares of the real estate investment trust’s stock worth $295,000 after purchasing an additional 281 shares during the last quarter. Finally, First Allied Advisory Services Inc. increased its holdings in Columbia Property Trust by 3.3% during the 2nd quarter. First Allied Advisory Services Inc. now owns 9,311 shares of the real estate investment trust’s stock worth $210,000 after purchasing an additional 296 shares during the last quarter. Institutional investors own 66.21% of the company’s stock.

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Columbia Property Trust, Inc. (NYSE CXP) opened at $22.50 on Friday. The company has a market capitalization of $2,695.59, a P/E ratio of 18.91 and a beta of 1.17. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.59 and a quick ratio of 3.59. Columbia Property Trust, Inc. has a 12-month low of $20.37 and a 12-month high of $23.48.

Columbia Property Trust (NYSE:CXP) last issued its earnings results on Thursday, October 26th. The real estate investment trust reported $0.28 EPS for the quarter, topping the consensus estimate of $0.02 by $0.26. The company had revenue of $60.36 million during the quarter, compared to analyst estimates of $75.43 million. Columbia Property Trust had a return on equity of 8.10% and a net margin of 63.37%. During the same quarter last year, the firm earned $0.37 EPS. research analysts expect that Columbia Property Trust, Inc. will post 1.12 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 4th. Stockholders of record on Friday, December 1st will be given a $0.20 dividend. The ex-dividend date is Thursday, November 30th. This represents a $0.80 annualized dividend and a dividend yield of 3.56%. Columbia Property Trust’s payout ratio is 47.62%.

Columbia Property Trust declared that its Board of Directors has approved a stock repurchase program on Tuesday, August 8th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the real estate investment trust to buy up to 7.7% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its shares are undervalued.

Several equities research analysts have issued reports on CXP shares. BidaskClub downgraded Columbia Property Trust from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. JMP Securities upgraded Columbia Property Trust from a “market perform” rating to an “outperform” rating and set a $26.00 price objective on the stock in a report on Monday, October 30th. Finally, Zacks Investment Research upgraded Columbia Property Trust from a “sell” rating to a “hold” rating in a report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $24.17.

Columbia Property Trust Company Profile

Columbia Property Trust, Inc operates as a real estate investment trust (REIT), which owns and operates commercial real estate properties. The Company’s primary objective is to generate long-term shareholder returns from a combination of steadily growing cash flows and appreciation in its net asset values, through the acquisition and ownership of office buildings located principally in high-barrier-to-entry markets.

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

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