40 North Management Lowers stake in Columbia Property Trust Inc (CXP)

Columbia Property Trust Inc (CXP) : 40 North Management reduced its stake in Columbia Property Trust Inc by 65.48% during the most recent quarter end. The investment management company now holds a total of 1,839,682 shares of Columbia Property Trust Inc which is valued at $44,078,781 after selling 3,489,786 shares in Columbia Property Trust Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Columbia Property Trust Inc makes up approximately 5.22% of 40 North Management’s portfolio.

Other Hedge Funds, Including , United Capital Financial Advisers boosted its stake in CXP in the latest quarter, The investment management firm added 6,274 additional shares and now holds a total of 23,560 shares of Columbia Property Trust Inc which is valued at $564,498. Columbia Property Trust Inc makes up approx 0.01% of United Capital Financial Advisers’s portfolio.Blackrock Group Ltd reduced its stake in CXP by selling 31,729 shares or 3.8% in the most recent quarter. The Hedge Fund company now holds 802,722 shares of CXP which is valued at $19,233,219. Columbia Property Trust Inc makes up approx 0.01% of Blackrock Group Ltd’s portfolio. Finemark National Bank Trust added CXP to its portfolio by purchasing 750 company shares during the most recent quarter which is valued at $18,195.Shinko Asset Management Ltd. boosted its stake in CXP in the latest quarter, The investment management firm added 864,971 additional shares and now holds a total of 5,417,226 shares of Columbia Property Trust Inc which is valued at $128,767,462. Columbia Property Trust Inc makes up approx 0.87% of Shinko Asset Management Ltd.’s portfolio.

Columbia Property Trust Inc opened for trading at $23.46 and hit $23.87 on the upside on Thursday, eventually ending the session at $23.67, with a gain of 0.38% or 0.09 points. The heightened volatility saw the trading volume jump to 4,72,772 shares. Company has a market cap of $2,923 M.

On the company’s financial health, Columbia Property Trust Inc reported $0.48 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.41. The company had revenue of $127.93 million for the quarter, compared to analysts expectations of $127.96 million. The company’s revenue was down -13.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.53 EPS.

Columbia Property Trust Inc. (Columbia Property Trust) is a real estate investment trust (REIT). The Company operates as a REIT for federal income tax purposes and owns and operates commercial real estate properties. Columbia Property Trust conducts business through Columbia Property Trust Operating Partnership L.P. (Columbia Property Trust OP). Columbia Property Trust OP acquires develops owns leases and operates real properties directly through wholly owned subsidiaries or through joint ventures. Columbia Property Trust invests in income-generating office properties. The Company’s portfolio comprises a combination of multi- and single-tenant office properties located in Central Business District (CBD) and suburban areas. It focuses on the acquisition of primary markets including CBD and urban in-fill locations.

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