Rafferty Asset Management LLC reduced its stake in shares of Columbia Property Trust Inc. (NYSE:CXP) by 19.4% during the second quarter, Holdings Channel reports. The fund owned 13,314 shares of the real estate investment trust’s stock after selling 3,195 shares during the period. Rafferty Asset Management LLC’s holdings in Columbia Property Trust were worth $285,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Bank of New York Mellon Corp increased its position in shares of Columbia Property Trust by 167.2% in the second quarter. Bank of New York Mellon Corp now owns 1,935,863 shares of the real estate investment trust’s stock valued at $41,428,000 after buying an additional 1,211,389 shares during the last quarter. Glenmede Trust Co. NA acquired a new position in shares of Columbia Property Trust during the first quarter valued at approximately $23,880,000. Shinko Asset Management Co. Ltd. increased its position in shares of Columbia Property Trust by 19.0% in the second quarter. Shinko Asset Management Co. Ltd. now owns 5,417,226 shares of the real estate investment trust’s stock valued at $115,929,000 after buying an additional 864,971 shares during the last quarter. Lasalle Investment Management Securities LLC increased its position in shares of Columbia Property Trust by 22.0% in the second quarter. Lasalle Investment Management Securities LLC now owns 3,394,491 shares of the real estate investment trust’s stock valued at $72,642,000 after buying an additional 610,996 shares during the last quarter. 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. Institutional investors and hedge funds own 60.60% of the company’s stock.

Shares of Columbia Property Trust Inc. (NYSE:CXP) traded down 0.156% during midday trading on Wednesday, hitting $22.455. The stock had a trading volume of 303,553 shares. The stock has a market cap of $2.77 billion, a PE ratio of 55.582 and a beta of 1.15. Columbia Property Trust Inc. has a 52-week low of $19.34 and a 52-week high of $26.24. The firm has a 50 day moving average price of $23.70 and a 200-day moving average price of $22.32.

Columbia Property Trust (NYSE:CXP) last announced its quarterly earnings results on Thursday, July 28th. The real estate investment trust reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.35. The company had revenue of $127.93 million for the quarter, compared to the consensus estimate of $127.96 million. Columbia Property Trust had a return on equity of 1.95% and a net margin of 9.58%. The firm’s revenue for the quarter was down 13.6% compared to the same quarter last year. During the same period last year, the firm earned $0.53 EPS. Equities analysts predict that Columbia Property Trust Inc. will post $0.19 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 5.34%. The ex-dividend date of this dividend was Tuesday, August 30th. Columbia Property Trust’s dividend payout ratio is currently 300.01%.

CXP has been the topic of several research analyst reports. TheStreet upgraded Columbia Property Trust from a “sell” rating to a “hold” rating in a research report on Friday, June 3rd. Zacks Investment Research cut Columbia Property Trust from a “buy” rating to a “hold” rating in a report on Tuesday, August 23rd. Finally, BMO Capital Markets raised Columbia Property Trust from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $23.00 to $25.00 in a report on Thursday, June 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $22.75.

Columbia Property Trust Company Profile

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.

5 Day Chart for NYSE:CXP

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