Finance

Are Columbia Property Trust, Inc. (CXP)’s Recent Ownership and Insider Trends a Sign of Things to Come?

Recent insider trends for Columbia Property Trust, Inc. (NYSE:CXP) have caught the attention of investors. Insider activity is often a strong indicator of future performance in a stock, and if the data on CXP is anything to go by, investors should pay attention.

Institutions own 66.06% of Columbia Property Trust, Inc. (CXP)’s shares. The total value of these holdings, in millions, is $1,703. Among active positions in the latest quarter, 96 holders increased their positions by a total of 8.08 million shares, 111 holders decreased the positions by a total of 5.45 million shares, and 39 holders held their positions. This works out to a net increase in ownership of 2.63 million shares, and suggests that institutions are feeling bullish about the stock.

Among new and sold out positions, 24 holders initiated new positions by a total of 3.21 million shares and 27 holders exited their positions by a total of 2.49 million shares. This nets out to an increase of 712976 shares and is a bullish sign for CXP.

In the last three months, insiders executed a total of 1 trades. 1 of these were buys. Insider ownership increased by a total of 4700 shares, which suggests that CXP’s key executives are feeling more optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: insiders executed 27 buys and 8 sells, and ownership increased by a net of 206612 shares.



Short interest is another tool that analysts use to gauge investor sentiment. It represents the number of a stock’s shares that are being shorted by investors. Columbia Property Trust, Inc. (NYSE:CXP)’s short interest is 2.08 million shares, or % of the float. This represents an increase of 11% in the number of shares being shorted compared to the previous reading, and implies that investors felt more pessimistic about the stock during the past two weeks.

In light of the insider ownership and trading data it makes sense to consider technicals to see if they come to a similar conclusion about the outlook for CXP. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that CXP is a buy, which implies that CXP is expected to outperform the market based on prior trading patterns.

Conclusion




Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bullish. Technical indicators (also) suggest that Columbia Property Trust, Inc. (NYSE:CXP) is undervalued.

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