UBS Asset Management Americas Inc. increased its stake in Columbia Property Trust Inc (NYSE:CXP) by 45.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 409,094 shares of the real estate investment trust’s stock after purchasing an additional 127,307 shares during the quarter. UBS Asset Management Americas Inc. owned approximately 0.34% of Columbia Property Trust worth $9,389,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of CXP. BlackRock Inc. increased its position in shares of Columbia Property Trust by 2.3% during the fourth quarter. BlackRock Inc. now owns 8,685,141 shares of the real estate investment trust’s stock valued at $199,324,000 after purchasing an additional 198,426 shares during the period. Bank of New York Mellon Corp grew its position in Columbia Property Trust by 18.3% in the third quarter. Bank of New York Mellon Corp now owns 4,110,187 shares of the real estate investment trust’s stock valued at $89,479,000 after acquiring an additional 634,874 shares during the period. Dimensional Fund Advisors LP grew its position in Columbia Property Trust by 2.7% in the third quarter. Dimensional Fund Advisors LP now owns 1,746,661 shares of the real estate investment trust’s stock valued at $38,023,000 after acquiring an additional 45,696 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in Columbia Property Trust by 5.3% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,462,882 shares of the real estate investment trust’s stock worth $33,574,000 after purchasing an additional 74,163 shares in the last quarter. Finally, Mesirow Financial Investment Management Equity Management boosted its stake in Columbia Property Trust by 636.2% in the fourth quarter. Mesirow Financial Investment Management Equity Management now owns 920,238 shares of the real estate investment trust’s stock worth $21,118,000 after purchasing an additional 795,238 shares in the last quarter. Hedge funds and other institutional investors own 70.93% of the company’s stock.
Several equities analysts have recently issued reports on CXP shares. BMO Capital Markets lowered Columbia Property Trust to a “sell” rating in a research note on Tuesday, February 27th. Zacks Investment Research raised Columbia Property Trust from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research note on Thursday, January 4th. Morgan Stanley restated an “equal weight” rating and issued a $22.00 price target on shares of Columbia Property Trust in a report on Thursday, December 14th. Finally, SunTrust Banks set a $22.00 price target on Columbia Property Trust and gave the stock a “hold” rating in a report on Monday, January 22nd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $23.57.
In other news, Director Richard W. Carpenter acquired 5,750 shares of Columbia Property Trust stock in a transaction that occurred on Tuesday, December 19th. The shares were acquired 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 of the company’s stock, valued at approximately $466,245.06. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.46% of the company’s stock.
Shares of Columbia Property Trust Inc (CXP) opened at $20.88 on Friday. Columbia Property Trust Inc has a fifty-two week low of $20.01 and a fifty-two week high of $23.31. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.83 and a current ratio of 0.83. The firm has a market capitalization of $2,500.00, a P/E ratio of 14.40 and a beta of 1.04.
Columbia Property Trust (NYSE:CXP) last posted its quarterly earnings data on Thursday, February 15th. The real estate investment trust reported ($0.01) EPS for the quarter, topping the Zacks’ 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 firm had revenue of $71.63 million for the quarter, compared to analyst estimates of $64.63 million. During the same quarter last year, the company earned $0.37 EPS. The company’s revenue was down 32.3% on a year-over-year basis. analysts predict that Columbia Property Trust Inc will post 1.44 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st were paid a $0.20 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $0.80 annualized dividend and a dividend yield of 3.83%. Columbia Property Trust’s payout ratio is 55.17%.
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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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