Westwood Holdings Group Inc. grew its holdings in Columbia Property Trust (NYSE:CXP) by 116.8% during the first quarter, HoldingsChannel.com reports. The firm owned 1,443,703 shares of the real estate investment trust’s stock after buying an additional 777,814 shares during the period. Westwood Holdings Group Inc.’s holdings in Columbia Property Trust were worth $32,498,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the company. William Blair Investment Management LLC increased its holdings in shares of Columbia Property Trust by 12.5% in the 1st quarter. William Blair Investment Management LLC now owns 1,084,525 shares of the real estate investment trust’s stock valued at $24,413,000 after purchasing an additional 120,927 shares during the period. NumerixS Investment Technologies Inc acquired a new position in shares of Columbia Property Trust in the 1st quarter valued at about $28,000. Swiss National Bank increased its holdings in shares of Columbia Property Trust by 1.9% in the 1st quarter. Swiss National Bank now owns 215,045 shares of the real estate investment trust’s stock valued at $4,841,000 after purchasing an additional 4,100 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Columbia Property Trust by 0.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,907,926 shares of the real estate investment trust’s stock valued at $42,948,000 after purchasing an additional 12,418 shares during the period. Finally, Centersquare Investment Management LLC acquired a new position in shares of Columbia Property Trust in the 1st quarter valued at about $61,100,000. Institutional investors own 74.23% of the company’s stock.
Separately, Zacks Investment Research upgraded Columbia Property Trust from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Tuesday.
NYSE:CXP traded up $0.13 during mid-day trading on Wednesday, reaching $21.76. The stock had a trading volume of 283,595 shares, compared to its average volume of 592,445. Columbia Property Trust has a fifty-two week low of $18.08 and a fifty-two week high of $25.07. The company has a market capitalization of $2.62 billion, a P/E ratio of 13.95 and a beta of 0.99. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.80 and a current ratio of 2.80.
Columbia Property Trust (NYSE:CXP) last released its quarterly earnings data on Thursday, April 25th. The real estate investment trust reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.35). Columbia Property Trust had a return on equity of 0.42% and a net margin of 3.84%. The firm had revenue of $75.43 million during the quarter, compared to analyst estimates of $72.75 million. During the same quarter in the prior year, the company posted $0.38 EPS. The company’s quarterly revenue was up 2.3% on a year-over-year basis. As a group, sell-side analysts forecast that Columbia Property Trust will post 1.41 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Investors of record on Monday, June 3rd will be issued a $0.20 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.80 dividend on an annualized basis and a yield of 3.68%. Columbia Property Trust’s dividend payout ratio is currently 51.28%.
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Columbia Property Trust Company Profile
Columbia Property Trust (NYSE: CXP) owns and operates Class-A office buildings concentrated in New York, San Francisco, and Washington, DC Its portfolio includes 19 properties with approximately nine million square feet. Columbia carries an investment-grade rating from both Moody's and Standard & Poor's.
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