Ameriprise Financial Inc. grew its stake in shares of Columbia Property Trust Inc (NYSE:CXP) by 3.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 247,016 shares of the real estate investment trust’s stock after acquiring an additional 8,926 shares during the period. Ameriprise Financial Inc. owned about 0.21% of Columbia Property Trust worth $5,377,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of CXP. Schwab Charles Investment Management Inc. raised its stake in Columbia Property Trust by 11.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,300,207 shares of the real estate investment trust’s stock worth $29,099,000 after buying an additional 130,185 shares in the last quarter. SG Americas Securities LLC grew its holdings in Columbia Property Trust by 0.8% in the second quarter. SG Americas Securities LLC now owns 6,839 shares of the real estate investment trust’s stock worth $153,000 after purchasing an additional 51 shares during the last quarter. Legal & General Group Plc grew its holdings in Columbia Property Trust by 3.0% in the second quarter. Legal & General Group Plc now owns 414,630 shares of the real estate investment trust’s stock worth $9,278,000 after purchasing an additional 12,065 shares during the last quarter. Marshall Wace North America L.P. purchased a new position in Columbia Property Trust in the second quarter worth $1,689,000. Finally, American Century Companies Inc. grew its holdings in Columbia Property Trust by 160.5% in the second quarter. American Century Companies Inc. now owns 26,426 shares of the real estate investment trust’s stock worth $591,000 after purchasing an additional 16,281 shares during the last quarter. 67.39% of the stock is owned by hedge funds and other institutional investors.
In related news, Director Richard W. Carpenter purchased 5,750 shares of Columbia Property Trust stock in a transaction that occurred on Tuesday, December 19th. The stock was purchased at an average price of $22.97 per share, for a total transaction of $132,077.50. Following the transaction, the director now directly owns 20,298 shares in the company, valued at $466,245.06. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 0.46% of the stock is owned by corporate insiders.
CXP has been the topic of several analyst reports. Zacks Investment Research raised shares of Columbia Property Trust from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a report on Wednesday, November 22nd. JMP Securities raised shares of Columbia Property Trust from a “market perform” rating to an “outperform” rating and set a $26.00 price objective on the stock in a report on Monday, October 30th. Morgan Stanley reissued an “equal weight” rating and set a $22.00 price objective on shares of Columbia Property Trust in a report on Thursday, December 14th. Finally, BMO Capital Markets reissued a “buy” rating and set a $25.00 price objective on shares of Columbia Property Trust in a report on Tuesday, January 9th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $24.29.
Columbia Property Trust Inc (CXP) opened at $21.85 on Friday. The firm has a market cap of $2,604.53, a PE ratio of 13.01 and a beta of 1.17. Columbia Property Trust Inc has a 1 year low of $20.37 and a 1 year high of $23.48. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.59 and a quick ratio of 3.59.
Columbia Property Trust (NYSE:CXP) last issued its quarterly earnings data on Thursday, October 26th. The real estate investment trust reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.26. The business had revenue of $60.36 million during the quarter, compared to the consensus estimate of $75.43 million. Columbia Property Trust had a net margin of 63.37% and a return on equity of 8.10%. During the same quarter in the prior year, the firm posted $0.37 earnings per share. sell-side analysts expect that Columbia Property Trust Inc will post 1.14 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, January 4th. Investors of record on Friday, December 1st were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $0.80 annualized dividend and a dividend yield of 3.66%. Columbia Property Trust’s dividend payout ratio (DPR) is presently 47.62%.
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Columbia Property Trust Profile
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.
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