Cwm LLC Raises Holdings in Columbia Property Trust (CXP)

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Cwm LLC boosted its holdings in Columbia Property Trust (NYSE:CXP) by 108.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 4,570 shares of the real estate investment trust’s stock after purchasing an additional 2,375 shares during the quarter. Cwm LLC’s holdings in Columbia Property Trust were worth $108,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Creative Planning raised its position in 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. Xact Kapitalforvaltning AB raised its position in Columbia Property Trust by 55.4% in the first quarter. Xact Kapitalforvaltning AB now owns 17,118 shares of the real estate investment trust’s stock worth $350,000 after acquiring an additional 6,100 shares in the last quarter. Barings LLC bought a new stake in Columbia Property Trust in the third quarter worth about $466,000. Mizuho Securities USA LLC bought a new stake in Columbia Property Trust in the third quarter worth about $1,182,000. Finally, Bank of Montreal Can raised its position in 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 acquiring an additional 61,781 shares in the last quarter. Hedge funds and other institutional investors own 75.37% of the company’s stock.

Separately, Zacks Investment Research upgraded shares of Columbia Property Trust from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research report on Wednesday, August 8th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. Columbia Property Trust presently has an average rating of “Hold” and an average target price of $23.20.

Shares of Columbia Property Trust stock opened at $22.67 on Wednesday. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.49. Columbia Property Trust has a 52 week low of $19.55 and a 52 week high of $25.07. The stock has a market capitalization of $2.58 billion, a price-to-earnings ratio of 14.67 and a beta of 1.00.

Columbia Property Trust (NYSE:CXP) last issued its quarterly earnings results on Thursday, October 25th. The real estate investment trust reported $0.05 EPS for the quarter, topping the consensus estimate of $0.01 by $0.04. The firm had revenue of $73.34 million for the quarter, compared to analysts’ expectations of $71.86 million. Columbia Property Trust had a net margin of 1.07% and a return on equity of 0.11%. As a group, analysts predict that Columbia Property Trust will post 1.51 earnings per share for the current year.

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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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