Truewealth LLC bought a new position in shares of Columbia Property Trust Inc (NYSE:CXP) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 6,022 shares of the real estate investment trust’s stock, valued at approximately $138,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in CXP. Centaurus Financial Inc. acquired a new position in shares of Columbia Property Trust during the 4th quarter valued at $202,000. SeaCrest Wealth Management LLC acquired a new position in shares of Columbia Property Trust during the 4th quarter valued at $209,000. Cetera Advisor Networks LLC acquired a new position in shares of Columbia Property Trust during the 4th quarter valued at $215,000. Pinnacle Wealth Planning Services Inc. acquired a new position in shares of Columbia Property Trust during the 4th quarter valued at $235,000. Finally, SG Americas Securities LLC grew its holdings in shares of Columbia Property Trust by 109.5% in the 3rd quarter. SG Americas Securities LLC now owns 14,326 shares of the real estate investment trust’s stock worth $312,000 after acquiring an additional 7,487 shares during the last quarter. 70.93% of the stock is currently owned by institutional investors and hedge funds.
Columbia Property Trust Inc (NYSE CXP) traded down $0.20 during mid-day trading on Wednesday, hitting $20.88. The stock had a trading volume of 1,183,146 shares, compared to its average volume of 895,213. Columbia Property Trust Inc has a 52 week low of $20.01 and a 52 week high of $23.31. The company has a market cap of $2,500.00, a price-to-earnings ratio of 14.40 and a beta of 1.04. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.83 and a current ratio of 0.83.
Columbia Property Trust (NYSE:CXP) last released its quarterly earnings data on Thursday, February 15th. The real estate investment trust reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.02. The company had revenue of $71.63 million for the quarter, compared to analyst estimates of $64.63 million. Columbia Property Trust had a return on equity of 6.94% and a net margin of 60.91%. The company’s revenue was down 32.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.37 EPS. research analysts expect that Columbia Property Trust Inc will post 1.44 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 3.83%. The ex-dividend date is Wednesday, February 28th. Columbia Property Trust’s dividend payout ratio is 55.17%.
A number of equities analysts recently issued reports on CXP shares. BMO Capital Markets cut Columbia Property Trust to a “sell” rating in a report on Tuesday, February 27th. Zacks Investment Research upgraded Columbia Property Trust from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a report on Thursday, January 4th. Morgan Stanley reissued an “equal weight” rating and set a $22.00 price objective on shares of Columbia Property Trust in a research report on Thursday, December 14th. Finally, SunTrust Banks set a $22.00 price objective on Columbia Property Trust and gave the company a “hold” rating in a research report on Monday, January 22nd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. The company has a consensus 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 on Tuesday, December 19th. The shares were purchased at an average price of $22.97 per share, with a total value of $132,077.50. Following the acquisition, the director now owns 20,298 shares in the company, valued at $466,245.06. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.46% of the stock is currently owned by corporate insiders.
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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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