Columbia Property Trust, Inc. (CXP) Downgraded by BidaskClub to Sell

Marco Green
August 13, 2017

(NYSE:ESS) by 18.2% during the second quarter, according to its most recent Form 13F filing with the SEC. American Century Companies Inc. now owns 1,268,565 shares of the real estate investment trust's stock valued at $28,644,000 after buying an additional 1,243,960 shares during the period. Aperio Group LLC owned about 0.08% of Starwood Property Trust worth $4,389,000 at the end of the most recent reporting period.

Hedge funds have recently made changes to their positions in the stock. Inc. boosted its position in Essex Property Trust by 246.5% in the first quarter. Atlantic Gru Limited Liability stated it has 0.12% of its portfolio in Essex Property Trust Inc (NYSE:ESS). Advisors Asset Management Inc. now owns 654 shares of the real estate investment trust's stock worth $151,000 after buying an additional 354 shares in the last quarter. National Pension Service raised its position in shares of Essex Property Trust by 7.2% in the first quarter. CENTRAL TRUST Co boosted its position in Starwood Property Trust by 31.9% in the first quarter. Prudential Financial Inc. now owns 1,344,846 shares of the real estate investment trust's stock worth $29,923,000 after buying an additional 1,177,771 shares in the last quarter.

Creative Planning increased its position in STARWOOD PROPERTY TRUST, INC. Moreover, Wellington Mngmt Gru Limited Liability Partnership has 0.01% invested in Essex Property Trust Inc (NYSE:ESS).

Vanguard Grp accumulated 11.17 million shares or 0.14% of the stock.

Shares of Liberty Property Trust (NYSE LPT) traded up 0.12% on Thursday, reaching $40.84. The company's 50 day moving average is $260.52 and its 200 day moving average is $245.65. Columbia Property Trust had 14 analyst reports since August 4, 2015 according to SRatingsIntel.

Columbia Property Trust (NYSE:CXP) last released its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $0.52 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.51 by $0.01. The firm had revenue of $183.13 million for the quarter, compared to the consensus estimate of $175.60 million. Assetmark has invested 0.12% in Essex Property Trust Inc (NYSE:ESS). During the same period in the previous year, the firm earned $0.68 EPS.

The company also recently disclosed a quarterly dividend, which was paid on Saturday, July 15th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.79%. Starwood Property Trust's dividend payout ratio (DPR) is presently 109.09%. Nasdaq.com's article titled: "Essex Property (ESS) to Post Q2 Earnings: What's in Store?" and published on July 24, 2017 is yet another important article.

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A number of brokerages recently commented on ESS. Zacks Investment Research upgraded Columbia Property Trust from a sell rating to a hold rating in a research report on Wednesday, May 31st. RBC Capital Markets maintained it with "Outperform" rating and $256 target in Tuesday, August 4 report. Finally, Zacks Investment Research upgraded shares of Liberty Property Trust from a "hold" rating to a "buy" rating and set a $46.00 price target for the company in a report on Wednesday, June 28th. They noted that the move was a valuation call. Liberty Property Trust has a 1-year low of $36.22 and a 1-year high of $42.80. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The company now has an average rating of Hold and a consensus price target of $24.00. Also, Director Janice L. Sears sold 3,000 shares of the firm's stock in a transaction dated Monday, May 22nd. It increased, as 37 investors sold ESS shares while 133 reduced holdings. Bnp Paribas Arbitrage owns 0.3% invested in CVS Health Corp (NYSE:CVS) for 799,940 shares. The disclosure for this sale can be found here. Systematic Financial Management Lp claims 515,620 shares worth $20,991,000. The Company owns and operates industrial properties nationally and owns and operates office properties in a focused group of office markets.

Columbia Property Trust, Inc operates as a real estate investment trust (REIT), which owns and operates commercial real estate properties. The Firm is engaged primarily in the ownership, operation, management, acquisition, development and redevelopment of predominantly apartment communities, located along the West Coast. Additionally, the Company owns certain assets in the United Kingdom.

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