Strategic Wealth Advisors Group LLC lowered its position in shares of Columbia Property Trust (NYSE:CXP) by 16.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 64,703 shares of the real estate investment trust’s stock after selling 12,409 shares during the period. Strategic Wealth Advisors Group LLC owned 0.05% of Columbia Property Trust worth $1,469,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Schroder Investment Management Group boosted its holdings in shares of Columbia Property Trust by 436.0% in the 2nd quarter. Schroder Investment Management Group now owns 2,902,849 shares of the real estate investment trust’s stock valued at $119,495,000 after purchasing an additional 2,361,226 shares in the last quarter. Nuveen Asset Management LLC acquired a new stake in shares of Columbia Property Trust in the 1st quarter valued at $19,787,000. Westwood Holdings Group Inc. boosted its holdings in shares of Columbia Property Trust by 2,049.5% in the 1st quarter. Westwood Holdings Group Inc. now owns 760,955 shares of the real estate investment trust’s stock valued at $15,569,000 after purchasing an additional 725,553 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Columbia Property Trust by 561.3% in the 1st quarter. Russell Investments Group Ltd. now owns 805,718 shares of the real estate investment trust’s stock valued at $16,481,000 after purchasing an additional 683,880 shares in the last quarter. Finally, Employees Retirement System of Texas acquired a new stake in shares of Columbia Property Trust in the 1st quarter valued at $5,524,000. 74.90% of the stock is currently owned by institutional investors and hedge funds.

Separately, Zacks Investment Research downgraded Columbia Property Trust from a “buy” rating to a “hold” rating in a report on Monday, July 16th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $23.67.

Shares of CXP stock traded up $0.03 during mid-day trading on Friday, hitting $21.36. The company’s stock had a trading volume of 687,838 shares, compared to its average volume of 787,185. The firm has a market cap of $2.79 billion, a PE ratio of 18.74 and a beta of 1.04. The company has a current ratio of 1.81, a quick ratio of 1.81 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.

Columbia Property Trust (NYSE:CXP) last announced its earnings results on Thursday, July 26th. The real estate investment trust reported $0.03 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.03. Columbia Property Trust had a return on equity of 3.66% and a net margin of 34.95%. The firm had revenue of $75.37 million for the quarter, compared to the consensus estimate of $71.96 million. During the same quarter in the previous year, the business earned $0.26 EPS. The company’s revenue was up .7% compared to the same quarter last year. On average, analysts forecast that Columbia Property Trust will post 1.49 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 18th. Stockholders of record on Tuesday, September 4th were paid a $0.20 dividend. The ex-dividend date was Friday, August 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.75%. Columbia Property Trust’s payout ratio is presently 70.18%.

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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