According to Zacks, “Columbia Property Trust, Inc. operates as a real estate investment trust. It focuses on the acquisition, development, ownership, leasing and operation of office properties in primary U.S. markets. Columbia Property Trust, Inc. is headquartered in Atlanta, GA. “
A number of other analysts have also recently issued reports on the stock. BMO Capital Markets upgraded shares of Columbia Property Trust from a market perform rating to an outperform rating and raised their target price for the stock from $23.00 to $25.00 in a research note on Thursday, June 2nd. TheStreet upgraded shares of Columbia Property Trust from a sell rating to a hold rating in a research note on Friday, June 3rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. The company has an average rating of Hold and an average price target of $22.75.
Columbia Property Trust (NYSE:CXP) opened at 22.83 on Tuesday. Columbia Property Trust has a 12-month low of $19.34 and a 12-month high of $26.24. The company has a 50-day moving average price of $23.62 and a 200-day moving average price of $22.33. The firm has a market capitalization of $2.82 billion, a PE ratio of 56.51 and a beta of 1.15.
Columbia Property Trust (NYSE:CXP) last announced its quarterly earnings data on Thursday, July 28th. The real estate investment trust reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.35. Columbia Property Trust had a net margin of 9.58% and a return on equity of 1.95%. The company earned $127.93 million during the quarter, compared to the consensus estimate of $127.96 million. During the same quarter last year, the firm posted $0.53 EPS. The company’s quarterly revenue was down 13.6% on a year-over-year basis. On average, analysts predict that Columbia Property Trust will post $0.19 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 5.26%. The ex-dividend date of this dividend was Tuesday, August 30th. Columbia Property Trust’s dividend payout ratio (DPR) is 300.01%.
Hedge funds have recently modified their holdings of the company. Macquarie Group Ltd. boosted its stake in shares of Columbia Property Trust by 4.2% in the second quarter. Macquarie Group Ltd. now owns 31,900 shares of the real estate investment trust’s stock valued at $683,000 after buying an additional 1,300 shares during the period. IFP Advisors Inc boosted its stake in shares of Columbia Property Trust by 123.2% in the second quarter. IFP Advisors Inc now owns 114,482 shares of the real estate investment trust’s stock valued at $2,450,000 after buying an additional 63,198 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in shares of Columbia Property Trust by 16.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 984,258 shares of the real estate investment trust’s stock valued at $21,064,000 after buying an additional 135,657 shares during the period. Hillsdale Investment Management Inc. acquired a new stake in shares of Columbia Property Trust during the second quarter valued at $355,000. Finally, Stifel Financial Corp boosted its stake in shares of Columbia Property Trust by 43.8% in the second quarter. Stifel Financial Corp now owns 13,340 shares of the real estate investment trust’s stock valued at $287,000 after buying an additional 4,064 shares during the period. Institutional investors and hedge funds own 60.60% of the company’s stock.
Columbia Property Trust Company Profile
Columbia Property Trust, Inc operates as a real estate investment trust (REIT) for federal income tax purposes. The Company 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.
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