American Century Companies Inc. boosted its position in shares of Columbia Property Trust (NYSE:CXP) by 13.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 683,251 shares of the real estate investment trust’s stock after buying an additional 82,600 shares during the period. American Century Companies Inc. owned 0.58% of Columbia Property Trust worth $13,979,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. LPL Financial LLC grew its stake in shares of Columbia Property Trust by 57.9% in the 4th quarter. LPL Financial LLC now owns 105,723 shares of the real estate investment trust’s stock valued at $2,426,000 after purchasing an additional 38,765 shares during the last quarter. BlackRock Inc. grew its stake in shares of Columbia Property Trust by 2.3% in the 4th 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 last quarter. Macquarie Group Ltd. grew its stake in shares of Columbia Property Trust by 17.4% in the 4th quarter. Macquarie Group Ltd. now owns 757,488 shares of the real estate investment trust’s stock valued at $17,362,000 after purchasing an additional 112,262 shares during the last quarter. California Public Employees Retirement System grew its stake in shares of Columbia Property Trust by 8.2% in the 4th quarter. California Public Employees Retirement System now owns 484,981 shares of the real estate investment trust’s stock valued at $11,130,000 after purchasing an additional 36,591 shares during the last quarter. Finally, Dean Investment Associates LLC purchased a new position in shares of Columbia Property Trust in the 4th quarter valued at approximately $5,799,000. 72.78% of the stock is currently owned by institutional investors.
Columbia Property Trust opened at $21.37 on Friday, MarketBeat reports. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.58. Columbia Property Trust has a 1-year low of $19.55 and a 1-year high of $23.31. The company has a market capitalization of $2.54 billion, a P/E ratio of 18.64 and a beta of 1.03.
Columbia Property Trust (NYSE:CXP) last posted its quarterly earnings results on Thursday, April 26th. The real estate investment trust reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.05). Columbia Property Trust had a net margin of 36.65% and a return on equity of 3.94%. The business had revenue of $73.71 million during the quarter, compared to analysts’ expectations of $70.21 million. During the same quarter last year, the firm earned $0.28 earnings per share. The firm’s quarterly revenue was down 10.3% compared to the same quarter last year. equities analysts anticipate that Columbia Property Trust will post 1.45 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Friday, June 1st will be paid a $0.20 dividend. The ex-dividend date of this dividend is Thursday, May 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.74%. Columbia Property Trust’s dividend payout ratio (DPR) is presently 70.18%.
Several research analysts have weighed in on the company. Zacks Investment Research upgraded Columbia Property Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, May 2nd. Goldman Sachs upgraded Columbia Property Trust from a “neutral” rating to a “buy” rating and set a $21.00 target price on the stock in a research note on Tuesday, May 8th. SunTrust Banks set a $22.00 target price on Columbia Property Trust and gave the company a “hold” rating in a research note on Monday, January 22nd. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $25.00 target price on shares of Columbia Property Trust in a research note on Thursday, February 15th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $23.17.
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 operating properties with over nine million square feet, as well as one property under redevelopment. Columbia carries an investment-grade rating from both Moody's and Standard & Poor's.
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