Financial Advisors Network Inc. lowered its position in shares of Columbia Property Trust Inc (NYSE:CXP) by 67.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,470 shares of the real estate investment trust’s stock after selling 43,061 shares during the quarter. Financial Advisors Network Inc.’s holdings in Columbia Property Trust were worth $470,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. SeaCrest Wealth Management LLC acquired a new stake in shares of Columbia Property Trust during the 4th quarter worth approximately $209,000. SG Americas Securities LLC raised its position in shares of Columbia Property Trust by 109.5% during the 3rd quarter. SG Americas Securities LLC now owns 14,326 shares of the real estate investment trust’s stock worth $312,000 after purchasing an additional 7,487 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Columbia Property Trust by 21.5% during the 2nd quarter. PNC Financial Services Group Inc. now owns 14,568 shares of the real estate investment trust’s stock worth $325,000 after purchasing an additional 2,573 shares during the period. AE Wealth Management LLC acquired a new stake in shares of Columbia Property Trust during the 4th quarter worth approximately $339,000. Finally, Schroder Investment Management Group acquired a new stake in shares of Columbia Property Trust during the 3rd quarter worth approximately $325,000. Hedge funds and other institutional investors own 72.84% of the company’s stock.
In other news, Director Richard W. Carpenter acquired 5,750 shares of the business’s stock in a transaction that occurred on Tuesday, December 19th. The stock was acquired at an average cost of $22.97 per share, for a total transaction of $132,077.50. Following the completion of the acquisition, the director now owns 20,298 shares in the company, valued at $466,245.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.46% of the stock is currently owned by company insiders.
Shares of Columbia Property Trust Inc (CXP) opened at $21.73 on Monday. The stock has a market capitalization of $2,605.38, a price-to-earnings ratio of 19.06 and a beta of 1.05. Columbia Property Trust Inc has a 1-year low of $20.01 and a 1-year high of $23.44. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.70.
Columbia Property Trust (NYSE:CXP) last announced its quarterly earnings data on Thursday, February 15th. The real estate investment trust reported ($0.01) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.02. Columbia Property Trust had a return on equity of 6.94% and a net margin of 60.91%. The business had revenue of $71.63 million during the quarter, compared to analyst estimates of $64.63 million. During the same period last year, the company earned $0.37 earnings per share. Columbia Property Trust’s quarterly revenue was down 32.3% compared to the same quarter last year. sell-side analysts expect that Columbia Property Trust Inc will post 1.45 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $0.80 annualized dividend and a dividend yield of 3.68%. Columbia Property Trust’s dividend payout ratio is 55.17%.
A number of equities analysts recently issued reports on CXP shares. Zacks Investment Research raised Columbia Property Trust from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a report on Thursday, January 4th. JMP Securities raised Columbia Property Trust from a “market perform” rating to an “outperform” rating and set a $26.00 price target for the company in a research note on Monday, October 30th. Morgan Stanley reaffirmed an “equal weight” rating and set a $22.00 price target on shares of Columbia Property Trust in a research note on Thursday, December 14th. BMO Capital Markets reaffirmed a “buy” rating and set a $25.00 price target on shares of Columbia Property Trust in a research note on Tuesday, January 9th. Finally, SunTrust Banks set a $22.00 price objective on Columbia Property Trust and gave the stock a “hold” rating in a research note on Monday, January 22nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. Columbia Property Trust presently has a consensus rating of “Hold” and an average target price of $23.57.
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Columbia Property Trust Company 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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