863,769 Shares in Columbia Property Trust Inc (CXP) Acquired by Waterfront Capital Partners LLC

Waterfront Capital Partners LLC bought a new stake in shares of Columbia Property Trust Inc (NYSE:CXP) during the first quarter, Holdings Channel reports. The institutional investor bought 863,769 shares of the real estate investment trust’s stock, valued at approximately $19,219,000. Columbia Property Trust comprises 2.8% of Waterfront Capital Partners LLC’s holdings, making the stock its 11th largest position. Waterfront Capital Partners LLC owned about 0.71% of Columbia Property Trust at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. HighTower Advisors LLC increased its position in Columbia Property Trust by 2.3% in the third quarter. HighTower Advisors LLC now owns 31,191 shares of the real estate investment trust’s stock valued at $698,000 after buying an additional 694 shares during the last quarter. SECOR Capital Advisors LP increased its position in Columbia Property Trust by 3.7% in the third quarter. SECOR Capital Advisors LP now owns 242,693 shares of the real estate investment trust’s stock valued at $5,434,000 after buying an additional 8,757 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Columbia Property Trust by 49.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,566 shares of the real estate investment trust’s stock valued at $192,000 after buying an additional 2,816 shares during the last quarter. Zacks Investment Management purchased a new position in Columbia Property Trust during the third quarter valued at approximately $262,000. Finally, Citadel Advisors LLC increased its position in Columbia Property Trust by 64.6% in the third quarter. Citadel Advisors LLC now owns 33,964 shares of the real estate investment trust’s stock valued at $760,000 after buying an additional 13,328 shares during the last quarter. 63.00% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Columbia Property Trust (NYSE:CXP)

Shares of Columbia Property Trust Inc (NYSE:CXP) traded up 0.60% during midday trading on Friday, hitting $21.90. The company had a trading volume of 375,833 shares. The company has a market capitalization of $2.68 billion, a price-to-earnings ratio of 17.69 and a beta of 1.17. The company’s 50-day moving average price is $22.45 and its 200 day moving average price is $21.98. Columbia Property Trust Inc has a 12-month low of $20.16 and a 12-month high of $24.63.

Columbia Property Trust (NYSE:CXP) last released its quarterly earnings data on Thursday, April 27th. The real estate investment trust reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. Columbia Property Trust had a net margin of 17.80% and a return on equity of 3.33%. The business had revenue of $82.16 million during the quarter, compared to analyst estimates of $100.52 million. During the same period in the previous year, the business earned $0.44 EPS. Columbia Property Trust’s revenue was down 35.1% compared to the same quarter last year. Equities research analysts predict that Columbia Property Trust Inc will post ($0.02) earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Thursday, June 1st will be paid a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, May 30th. This represents a $0.80 dividend on an annualized basis and a yield of 3.67%. Columbia Property Trust’s dividend payout ratio is 176.47%.

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Several research firms have recently commented on CXP. BMO Capital Markets reaffirmed a “buy” rating and issued a $27.00 target price on shares of Columbia Property Trust in a research report on Thursday, March 2nd. Goldman Sachs Group Inc raised Columbia Property Trust from a “sell” rating to a “neutral” rating and set a $22.00 target price on the stock in a research report on Wednesday, February 22nd. CIBC raised Columbia Property Trust from a “market perform” rating to an “outperform” rating in a research report on Tuesday, January 24th. Oppenheimer Holdings Inc. raised Columbia Property Trust from a “market perform” rating to an “outperform” rating and set a $26.00 target price on the stock in a research report on Tuesday, January 24th. Finally, Evercore ISI raised Columbia Property Trust from an “in-line” rating to an “outperform” rating and upped their target price for the company from $24.50 to $25.00 in a research report on Monday, March 27th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Columbia Property Trust currently has a consensus rating of “Hold” and a consensus price target of $24.50.

About Columbia Property Trust

Columbia Property Trust, Inc operates as a real estate investment trust (REIT), which owns and operates commercial real estate properties. The Company’s primary objective is to generate long-term shareholder returns from a combination of steadily growing cash flows and appreciation in its net asset values, through the acquisition and ownership of office buildings located principally in high-barrier-to-entry markets.

12 Month Chart for NYSE:CXP

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