California Public Employees Retirement System Acquires 18,700 Shares of Columbia Property Trust (NYSE:CXP)

California Public Employees Retirement System boosted its holdings in shares of Columbia Property Trust (NYSE:CXP) by 9.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 223,786 shares of the real estate investment trust’s stock after purchasing an additional 18,700 shares during the period. California Public Employees Retirement System owned about 0.19% of Columbia Property Trust worth $4,733,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Marshall Wace North America L.P. bought a new position in shares of Columbia Property Trust in the first quarter valued at approximately $25,000. Prestige Wealth Management Group LLC bought a new position in shares of Columbia Property Trust in the second quarter valued at approximately $26,000. Garrett Wealth Advisory Group LLC bought a new position in shares of Columbia Property Trust in the third quarter valued at approximately $27,000. Certified Advisory Corp raised its stake in shares of Columbia Property Trust by 30.3% in the second quarter. Certified Advisory Corp now owns 2,994 shares of the real estate investment trust’s stock valued at $62,000 after acquiring an additional 697 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in shares of Columbia Property Trust by 56.9% in the second quarter. Tower Research Capital LLC TRC now owns 5,254 shares of the real estate investment trust’s stock valued at $109,000 after acquiring an additional 1,905 shares during the last quarter. Hedge funds and other institutional investors own 77.30% of the company’s stock.

NYSE:CXP opened at $20.44 on Tuesday. Columbia Property Trust has a 1 year low of $18.08 and a 1 year high of $23.21. The firm has a 50 day moving average of $20.52 and a 200-day moving average of $21.30. The company has a current ratio of 4.45, a quick ratio of 4.45 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $2.39 billion, a P/E ratio of 13.10 and a beta of 0.89.

Columbia Property Trust (NYSE:CXP) last posted its earnings results on Thursday, October 24th. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.03. Columbia Property Trust had a net margin of 12.17% and a return on equity of 1.32%. The company had revenue of $71.95 million during the quarter, compared to analysts’ expectations of $65.44 million. During the same quarter in the previous year, the company posted $0.40 earnings per share. Columbia Property Trust’s quarterly revenue was down 1.9% compared to the same quarter last year. As a group, analysts forecast that Columbia Property Trust will post 1.48 EPS for the current fiscal year.

CXP has been the subject of a number of research analyst reports. Goldman Sachs Group initiated coverage on shares of Columbia Property Trust in a research note on Friday, November 8th. They issued a “neutral” rating and a $22.00 target price for the company. BMO Capital Markets cut shares of Columbia Property Trust from an “outperform” rating to a “market perform” rating and cut their target price for the company from $23.00 to $22.00 in a research note on Thursday, October 17th. Finally, Zacks Investment Research cut shares of Columbia Property Trust from a “buy” rating to a “hold” rating in a research note on Monday, August 19th.

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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