Columbia Property Trust, Inc. (NYSE:CXP) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio decreased its position in Columbia Property Trust, Inc. (NYSE:CXP) by 0.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 201,379 shares of the real estate investment trust’s stock after selling 914 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.16% of Columbia Property Trust worth $4,481,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Columbia Property Trust by 2.3% in the first quarter. Vanguard Group Inc. now owns 18,899,205 shares of the real estate investment trust’s stock valued at $420,507,000 after buying an additional 417,322 shares during the period. BlackRock Inc. increased its stake in shares of Columbia Property Trust by 3,883.4% in the first quarter. BlackRock Inc. now owns 8,072,968 shares of the real estate investment trust’s stock valued at $179,623,000 after buying an additional 7,870,304 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Columbia Property Trust by 7.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,635,794 shares of the real estate investment trust’s stock valued at $36,396,000 after buying an additional 111,597 shares during the period. Prudential Financial Inc. increased its stake in shares of Columbia Property Trust by 704.9% in the first quarter. Prudential Financial Inc. now owns 1,344,846 shares of the real estate investment trust’s stock valued at $29,923,000 after buying an additional 1,177,771 shares during the period. Finally, Norges Bank purchased a new stake in shares of Columbia Property Trust during the fourth quarter valued at about $27,971,000. Institutional investors and hedge funds own 63.38% of the company’s stock.

Columbia Property Trust, Inc. (CXP) traded down 0.04% during mid-day trading on Friday, hitting $22.49. 326,780 shares of the company traded hands. Columbia Property Trust, Inc. has a one year low of $20.27 and a one year high of $24.63. The firm has a market capitalization of $2.75 billion, a P/E ratio of 18.17 and a beta of 1.17. The firm has a 50 day moving average of $22.16 and a 200 day moving average of $22.28.

Columbia Property Trust (NYSE:CXP) last posted its earnings results on Thursday, April 27th. The real estate investment trust reported $0.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.01. The business had revenue of $82.16 million for the quarter, compared to analyst estimates of $100.52 million. Columbia Property Trust had a net margin of 35.49% and a return on equity of 6.02%. Columbia Property Trust’s revenue was down 35.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.44 EPS.

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CXP has been the subject of several recent analyst reports. BMO Capital Markets reiterated a “buy” rating and issued a $26.00 target price on shares of Columbia Property Trust in a research note on Friday, April 28th. BidaskClub raised shares of Columbia Property Trust from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. Evercore ISI raised shares of Columbia Property Trust from an “in-line” rating to an “outperform” rating and increased their price target for the company from $24.50 to $25.00 in a report on Monday, March 27th. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a $21.00 price target on shares of Columbia Property Trust in a report on Thursday, June 22nd. Finally, Zacks Investment Research cut shares of Columbia Property Trust from a “hold” rating to a “sell” rating in a report on Tuesday, June 6th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $24.33.

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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