TIAA CREF Investment Management LLC reduced its stake in Columbia Property Trust Inc (NYSE:CXP) by 3.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 609,894 shares of the real estate investment trust’s stock after selling 22,043 shares during the period. TIAA CREF Investment Management LLC owned about 0.51% of Columbia Property Trust worth $13,997,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Two Sigma Advisers LP raised its holdings in Columbia Property Trust by 27.7% in the 4th quarter. Two Sigma Advisers LP now owns 174,847 shares of the real estate investment trust’s stock valued at $4,013,000 after buying an additional 37,900 shares during the last quarter. Deutsche Bank AG raised its holdings in Columbia Property Trust by 351.3% in the 4th quarter. Deutsche Bank AG now owns 187,476 shares of the real estate investment trust’s stock valued at $4,300,000 after buying an additional 145,935 shares during the last quarter. AMP Capital Investors Ltd raised its holdings in Columbia Property Trust by 103.0% in the 4th quarter. AMP Capital Investors Ltd now owns 41,082 shares of the real estate investment trust’s stock valued at $943,000 after buying an additional 20,841 shares during the last quarter. BlueCrest Capital Management Ltd bought a new position in Columbia Property Trust in the 4th quarter valued at approximately $431,000. Finally, Renaissance Technologies LLC bought a new position in Columbia Property Trust in the 4th quarter valued at approximately $1,421,000. Institutional investors own 70.27% of the company’s stock.
Columbia Property Trust stock opened at $20.34 on Wednesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.83 and a quick ratio of 0.83. Columbia Property Trust Inc has a 52-week low of $19.55 and a 52-week high of $23.31. The company has a market cap of $2,424.33, a price-to-earnings ratio of 17.74 and a beta of 1.03.
Columbia Property Trust (NYSE:CXP) last released its quarterly earnings results on Thursday, February 15th. The real estate investment trust reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.02. Columbia Property Trust had a net margin of 60.91% and a return on equity of 6.94%. The firm had revenue of $71.63 million during the quarter, compared to analyst estimates of $64.63 million. During the same quarter last year, the business earned $0.37 EPS. The company’s revenue was down 32.3% compared to the same quarter last year. analysts forecast that Columbia Property Trust Inc will post 1.44 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st were issued a dividend of $0.20 per share. The ex-dividend date was Wednesday, February 28th. This represents a $0.80 annualized dividend and a yield of 3.93%. Columbia Property Trust’s payout ratio is 70.18%.
A number of brokerages recently issued reports on CXP. Zacks Investment Research upgraded shares of Columbia Property Trust from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a report on Thursday, March 29th. BMO Capital Markets lowered shares of Columbia Property Trust to a “sell” rating in a report on Tuesday, February 27th. Finally, SunTrust Banks set a $22.00 price objective on shares of Columbia Property Trust and gave the company a “hold” rating in a report on Monday, January 22nd. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $23.17.
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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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