Timbercreek Investment Management Inc. lifted its position in Columbia Property Trust (NYSE:CXP) by 5.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 442,051 shares of the real estate investment trust’s stock after acquiring an additional 23,200 shares during the quarter. Columbia Property Trust accounts for approximately 2.5% of Timbercreek Investment Management Inc.’s investment portfolio, making the stock its 21st largest holding. Timbercreek Investment Management Inc. owned approximately 0.37% of Columbia Property Trust worth $8,554,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue increased its stake in Columbia Property Trust by 1.9% in the fourth quarter. State of Alaska Department of Revenue now owns 51,382 shares of the real estate investment trust’s stock valued at $993,000 after purchasing an additional 954 shares during the last quarter. CenturyLink Investment Management Co increased its stake in Columbia Property Trust by 3.3% in the fourth quarter. CenturyLink Investment Management Co now owns 54,549 shares of the real estate investment trust’s stock valued at $1,056,000 after purchasing an additional 1,751 shares during the last quarter. CWM LLC increased its stake in Columbia Property Trust by 108.2% in the third quarter. CWM LLC now owns 4,570 shares of the real estate investment trust’s stock valued at $108,000 after purchasing an additional 2,375 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its stake in Columbia Property Trust by 3.2% in the third quarter. Nomura Asset Management Co. Ltd. now owns 82,774 shares of the real estate investment trust’s stock valued at $1,956,000 after purchasing an additional 2,530 shares during the last quarter. Finally, Koshinski Asset Management Inc. increased its stake in Columbia Property Trust by 30.4% in 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. Hedge funds and other institutional investors own 74.42% of the company’s stock.

CXP stock traded down $0.05 during trading on Friday, reaching $20.05. 13,242 shares of the stock traded hands, compared to its average volume of 717,830. Columbia Property Trust has a 52-week low of $18.08 and a 52-week high of $25.07. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.49. The company has a market cap of $2.34 billion, a PE ratio of 17.58 and a beta of 0.97.

Columbia Property Trust (NYSE:CXP) last posted its quarterly earnings results on Thursday, October 25th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.04. Columbia Property Trust had a return on equity of 0.11% and a net margin of 1.07%. The firm had revenue of $73.34 million during the quarter, compared to the consensus estimate of $71.86 million. Equities analysts forecast that Columbia Property Trust will post 1.53 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, January 4th. Stockholders of record on Monday, December 3rd were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 3.99%. The ex-dividend date of this dividend was Friday, November 30th. Columbia Property Trust’s payout ratio is 70.18%.

Separately, Zacks Investment Research downgraded Columbia Property Trust from a “buy” rating to a “hold” rating in a research report on Thursday, October 11th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $23.20.

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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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Institutional Ownership by Quarter for Columbia Property Trust (NYSE:CXP)

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