Eii Capital Management Inc. purchased a new position in Columbia Property Trust, Inc. (NYSE:CXP) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 36,498 shares of the real estate investment trust’s stock, valued at approximately $795,000.
A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in Columbia Property Trust by 1.6% in the second quarter. Vanguard Group Inc. now owns 19,201,074 shares of the real estate investment trust’s stock worth $429,720,000 after purchasing an additional 301,869 shares during the period. BlackRock Inc. grew its holdings in Columbia Property Trust by 2.6% in the second quarter. BlackRock Inc. now owns 8,281,850 shares of the real estate investment trust’s stock worth $185,346,000 after purchasing an additional 208,882 shares during the period. Goldman Sachs Group Inc. grew its holdings in Columbia Property Trust by 13.6% in the second quarter. Goldman Sachs Group Inc. now owns 6,867,465 shares of the real estate investment trust’s stock worth $153,694,000 after purchasing an additional 822,943 shares during the period. Bank of New York Mellon Corp grew its holdings 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 worth $89,479,000 after purchasing an additional 634,874 shares during the period. Finally, Prudential Financial Inc. grew its holdings in Columbia Property Trust by 38.6% in the second quarter. Prudential Financial Inc. now owns 1,863,289 shares of the real estate investment trust’s stock worth $41,700,000 after purchasing an additional 518,443 shares during the period. Institutional investors and hedge funds own 67.39% of the company’s stock.
A number of equities research analysts have commented on the stock. Zacks Investment Research upgraded shares of Columbia Property Trust from a “sell” rating to a “hold” rating in a report on Wednesday, November 1st. JMP Securities upgraded shares of Columbia Property Trust from a “market perform” rating to an “outperform” rating and set a $26.00 price target for the company in a report on Monday, October 30th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $24.43.
Columbia Property Trust, Inc. (NYSE CXP) opened at $22.48 on Thursday. Columbia Property Trust, Inc. has a 12 month low of $20.37 and a 12 month high of $23.48. The firm has a market cap of $2,680.01, a price-to-earnings ratio of 18.80 and a beta of 1.17. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.52.
Columbia Property Trust (NYSE:CXP) last released its quarterly earnings data on Thursday, October 26th. The real estate investment trust reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.26. Columbia Property Trust had a net margin of 63.37% and a return on equity of 8.10%. The firm had revenue of $60.36 million for the quarter, compared to analyst estimates of $75.43 million. During the same period last year, the firm earned $0.37 earnings per share. equities research analysts anticipate that Columbia Property Trust, Inc. will post 1.14 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Friday, December 1st will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date is Thursday, November 30th. Columbia Property Trust’s dividend payout ratio (DPR) is 47.62%.
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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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