Hsbc Holdings PLC lowered its position in shares of Columbia Property Trust (NYSE:CXP) by 7.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,265 shares of the real estate investment trust’s stock after selling 1,816 shares during the quarter. Hsbc Holdings PLC’s holdings in Columbia Property Trust were worth $411,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Resources Investment Advisors Inc. purchased a new stake in shares of Columbia Property Trust during the fourth quarter valued at $29,000. Quantamental Technologies LLC purchased a new stake in shares of Columbia Property Trust during the fourth quarter valued at $230,000. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of Columbia Property Trust during the fourth quarter valued at $254,000. Eii Capital Management Inc. lifted its holdings in shares of Columbia Property Trust by 7.6% during the fourth quarter. Eii Capital Management Inc. now owns 14,525 shares of the real estate investment trust’s stock valued at $281,000 after purchasing an additional 1,021 shares during the last quarter. Finally, Koshinski Asset Management Inc. lifted its holdings in shares of Columbia Property Trust by 30.4% during the third quarter. Koshinski Asset Management Inc. now owns 11,940 shares of the real estate investment trust’s stock valued at $282,000 after purchasing an additional 2,784 shares during the last quarter. 75.45% of the stock is owned by institutional investors and hedge funds.
Separately, Zacks Investment Research downgraded Columbia Property Trust from a “hold” rating to a “sell” rating in a report on Thursday, March 14th.
Columbia Property Trust (NYSE:CXP) last announced its earnings results on Wednesday, February 13th. The real estate investment trust reported $0.04 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.33). Columbia Property Trust had a net margin of 3.19% and a return on equity of 0.34%. The company had revenue of $75.52 million for the quarter, compared to analysts’ expectations of $73.26 million. During the same period in the prior year, the company earned $0.32 earnings per share. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. As a group, sell-side analysts expect that Columbia Property Trust will post 1.39 EPS for the current fiscal year.
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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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