Wellington Management Group LLP increased its stake in Columbia Property Trust Inc. (NYSE:CXP) by 9.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,952,077 shares of the real estate investment trust’s stock after buying an additional 161,878 shares during the period. Wellington Management Group LLP owned about 1.58% of Columbia Property Trust worth $42,926,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Lasalle Investment Management Securities LLC increased its position in shares of Columbia Property Trust by 148.5% in the fourth quarter. Lasalle Investment Management Securities LLC now owns 2,512,982 shares of the real estate investment trust’s stock valued at $59,005,000 after buying an additional 1,501,578 shares during the last quarter. Security Capital Research & Management Inc. increased its position in shares of Columbia Property Trust by 158.0% in the fourth quarter. Security Capital Research & Management Inc. now owns 2,220,444 shares of the real estate investment trust’s stock valued at $52,136,000 after buying an additional 1,359,780 shares during the last quarter. Norges Bank bought a new position in shares of Columbia Property Trust during the fourth quarter valued at approximately $26,044,000. Glenmede Trust Co. NA bought a new position in shares of Columbia Property Trust during the first quarter valued at approximately $23,880,000. Finally, AXA increased its position in shares of Columbia Property Trust by 156.7% in the first quarter. AXA now owns 674,634 shares of the real estate investment trust’s stock valued at $14,836,000 after buying an additional 411,830 shares during the last quarter.
Shares of Columbia Property Trust Inc. (NYSE:CXP) traded down 0.13% during mid-day trading on Tuesday, reaching $23.75. The company had a trading volume of 290,868 shares. The firm has a 50-day moving average of $22.12 and a 200-day moving average of $21.67. The company has a market capitalization of $2.93 billion and a P/E ratio of 64.89. Columbia Property Trust Inc. has a 12-month low of $19.34 and a 12-month high of $26.24.
Several research analysts have commented on CXP shares. TheStreet raised Columbia Property Trust from a “sell” rating to a “hold” rating in a report on Friday, June 3rd. Zacks Investment Research raised Columbia Property Trust from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research note on Monday, June 27th. Finally, BMO Capital Markets reissued a “hold” rating on shares of Columbia Property Trust in a research note on Friday, April 29th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $23.29.
Columbia Property Trust, Inc operates as a real estate investment trust (REIT) for federal income tax purposes. The Company conducts business through Columbia Property Trust Operating Partnership, L.P. (Columbia Property Trust OP), which acquires, develops, owns, leases and operates real properties through subsidiaries or through joint ventures.
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