Teacher Retirement System of Texas raised its position in shares of Columbia Property Trust Inc. (NYSE:CXP) by 13.7% during the second quarter, Holdings Channel reports. The fund owned 16,535 shares of the real estate investment trust’s stock after buying an additional 1,993 shares during the period. Teacher Retirement System of Texas’ holdings in Columbia Property Trust were worth $354,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in the stock. Fuller & Thaler Asset Management Inc. acquired a new stake in Columbia Property Trust during the second quarter worth about $116,000. Quantbot Technologies LP acquired a new stake in Columbia Property Trust during the second quarter worth about $122,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake 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 during the last quarter. BlackRock Japan Co. Ltd boosted its stake 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 during the last quarter. Finally, Nisa Investment Advisors LLC acquired a new stake in Columbia Property Trust during the second quarter worth about $171,000. 60.60% of the stock is owned by institutional investors.
Columbia Property Trust Inc. (NYSE:CXP) opened at 21.64 on Wednesday. The company has a market capitalization of $2.67 billion, a PE ratio of 53.56 and a beta of 1.16. Columbia Property Trust Inc. has a 52 week low of $19.34 and a 52 week high of $26.24. The stock’s 50 day moving average is $22.95 and its 200 day moving average is $22.41.
Columbia Property Trust (NYSE:CXP) last released its quarterly earnings data on Thursday, July 28th. The real estate investment trust reported $0.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.35. The firm earned $127.93 million during the quarter, compared to the consensus estimate of $127.96 million. Columbia Property Trust had a return on equity of 1.95% and a net margin of 9.58%. The company’s quarterly revenue was down 13.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.53 earnings per share. Analysts predict that Columbia Property Trust Inc. will post $0.19 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were issued a dividend of $0.30 per share. The ex-dividend date was Tuesday, August 30th. This represents a $1.20 annualized dividend and a dividend yield of 5.56%. Columbia Property Trust’s dividend payout ratio is 300.01%.
Separately, Zacks Investment Research raised Columbia Property Trust from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Thursday, September 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $22.75.
About Columbia Property Trust
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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