Cbre Clarion Securities LLC decreased its holdings in Columbia Property Trust (NYSE:CXP) by 30.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,060,760 shares of the real estate investment trust’s stock after selling 468,929 shares during the quarter. Cbre Clarion Securities LLC’s holdings in Columbia Property Trust were worth $18,139,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Marshall Wace North America L.P. bought a new position in Columbia Property Trust in the 1st quarter valued at $25,000. Laurel Wealth Advisors LLC bought a new stake in shares of Columbia Property Trust during the fourth quarter worth $27,000. Charter Oak Capital Management LLC bought a new stake in shares of Columbia Property Trust during the fourth quarter worth $30,000. Group One Trading L.P. bought a new stake in shares of Columbia Property Trust during the first quarter worth $45,000. Finally, Certified Advisory Corp bought a new stake in shares of Columbia Property Trust during the first quarter worth $51,000. Hedge funds and other institutional investors own 75.08% of the company’s stock.
Shares of Columbia Property Trust stock traded up $0.02 during trading on Friday, reaching $19.12. 13,914 shares of the company were exchanged, compared to its average volume of 834,458. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.48. Columbia Property Trust has a twelve month low of $10.11 and a twelve month high of $19.49. The business’s 50-day simple moving average is $18.07. The stock has a market cap of $2.20 billion, a price-to-earnings ratio of 19.90 and a beta of 1.37.
A number of equities research analysts have recently weighed in on CXP shares. TheStreet upgraded Columbia Property Trust from a “c-” rating to a “b-” rating in a research report on Wednesday, February 24th. BMO Capital Markets upgraded Columbia Property Trust from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $18.00 to $21.00 in a research report on Monday, April 12th. Zacks Investment Research upgraded Columbia Property Trust from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 11th. Finally, Evercore ISI lifted their price objective on Columbia Property Trust from $16.00 to $17.50 and gave the stock an “in-line” rating in a research note on Thursday, March 25th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $16.88.
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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