Btr Capital Management INC Decreased Stake in Columbia Ppty Tr INC (NYSE:CXP) by $3.38 Million as Shares Declined


Btr Capital Management Inc decreased its stake in Columbia Ppty Tr Inc (NYSE:CXP) by 93.35% based on its latest 2016Q2 regulatory filing with the SEC. Btr Capital Management Inc sold 161,004 shares as the company’s stock declined 4.39% while stock markets rallied. The institutional investor held 11,470 shares of the consumer services company at the end of 2016Q2, valued at $252,000, down from 172,474 at the end of the previous reported quarter. Btr Capital Management Inc who had been investing in Columbia Ppty Tr Inc for a number of months, seems to be less bullish one the $2.94B market cap company. The stock is down 2.26% or $0.54 after the negative news, hitting $23.37 per share. About 23,447 shares traded hands. Columbia Property Trust Inc (NYSE:CXP) has risen 14.24% since February 8, 2016 and is uptrending. It has underperformed by 2.25% the S&P500.

Btr Capital Management Inc, which manages about $543.26 million and $430.19 million US Long portfolio, upped its stake in Disney Co. (Walt) (NYSE:DIS) by 37,375 shares to 108,622 shares, valued at $10.79 million in 2016Q2, according to the filing.

Btr Capital Management Inc is a California-based institutional investor with more than $543.26 million AUM in March, 2014. Taken from Btr Capital Management latest Adv, the fund reported to have 10 full and part-time employees. Among which 7 performing investment advisory and research functions. The institutional investor had more than 300 clients.

The institutional sentiment increased to 1.08 in 2016 Q2. Its up 0.07, from 1.01 in 2016Q1. The ratio is positive, as 19 funds sold all CXP shares owned while 69 reduced positions. 21 funds bought stakes while 74 increased positions. They now own 73.25 million shares or 1.10% more from 72.45 million shares in 2016Q1.

Lasalle Investment Management Securities Llc holds 0.68% of its portfolio in CXP for 3.39 million shares. Secor Capital Advisors Lp owns 233,936 shares or 0.63% of their US portfolio. Moreover, Carlton Hofferkamp & Jenks Wealth Management Llc has 0.48% invested in the company for 28,757 shares. The Ontario – Canada-based Breton Hill Capital Ltd. has invested 0.47% in the stock. Strategic Wealth Advisors Group Llc, a California-based fund reported 89,644 shares.

Out of 2 analysts covering Columbia Property Trust (NYSE:CXP), 1 rate it a “Buy”, 1 “Sell”, while 0 “Hold”. This means 50% are positive. Columbia Property Trust has been the topic of 2 analyst reports since February 19, 2016 according to StockzIntelligence Inc. BMO Capital Markets upgraded the stock on June 2 to “Outperform” rating.

Columbia Property Trust, Inc. operates as a real estate investment trust for federal income tax purposes. The company has a market cap of $2.94 billion. The Firm conducts business through Columbia Property Trust Operating Partnership, L.P. (Columbia Property Trust OP), which acquires, develops, owns, leases and operates real properties through subsidiaries or through joint ventures. It has a 58.08 P/E ratio. The Firm owns and operates commercial real estate properties.

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