Columbia Property Trust Inc. (NYSE:CXP) was the target of a large increase in short interest in September. As of September 15th, there was short interest totalling 1,153,681 shares, an increase of 47.2% from the August 31st total of 783,600 shares. Based on an average trading volume of 509,259 shares, the days-to-cover ratio is currently 2.3 days. Approximately 0.9% of the shares of the stock are short sold.
Columbia Property Trust (NYSE:CXP) opened at 21.32 on Thursday. The company has a 50-day moving average of $23.22 and a 200-day moving average of $22.40. Columbia Property Trust has a 52 week low of $19.34 and a 52 week high of $26.24. The stock has a market capitalization of $2.63 billion, a price-to-earnings ratio of 52.77 and a beta of 1.16.
Columbia Property Trust (NYSE:CXP) last announced its quarterly earnings results on Thursday, July 28th. The real estate investment trust reported $0.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 firm had revenue of $127.93 million for the quarter, compared to analyst estimates of $127.96 million. During the same period last year, the business earned $0.53 EPS. Columbia Property Trust’s revenue for the quarter was down 13.6% compared to the same quarter last year. Analysts anticipate 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. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a $1.20 dividend on an annualized basis and a yield of 5.63%. Columbia Property Trust’s dividend payout ratio is presently 300.01%.
A number of hedge funds and other institutional investors have recently bought and sold shares of CXP. Fuller & Thaler Asset Management Inc. acquired a new position in Columbia Property Trust during the second quarter worth approximately $116,000. Quantbot Technologies LP acquired a new position in Columbia Property Trust during the second quarter worth approximately $122,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Columbia Property Trust by 8.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,750 shares of the real estate investment trust’s stock worth $123,000 after buying an additional 461 shares in the last quarter. BlackRock Japan Co. Ltd raised its position in Columbia Property Trust by 1.2% in the first quarter. BlackRock Japan Co. Ltd now owns 6,581 shares of the real estate investment trust’s stock worth $145,000 after buying an additional 75 shares in the last quarter. Finally, Pacad Investment Ltd. acquired a new position in Columbia Property Trust during the second quarter worth approximately $161,000. Institutional investors own 60.60% of the company’s stock.
Separately, Zacks Investment Research raised shares of Columbia Property Trust from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research note on Monday, June 27th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $22.75.
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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