Columbia Property Trust, Inc. (CXP) Shares Sold by Financial Advisors Network Inc.

Financial Advisors Network Inc. cut its position in shares of Columbia Property Trust, Inc. (NYSE:CXP) by 0.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 60,926 shares of the real estate investment trust’s stock after selling 206 shares during the period. Columbia Property Trust accounts for approximately 1.1% of Financial Advisors Network Inc.’s portfolio, making the stock its 17th largest position. Financial Advisors Network Inc. owned 0.05% of Columbia Property Trust worth $1,364,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in CXP. Metropolitan Life Insurance Co. NY increased its position in shares of Columbia Property Trust by 1.8% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 10,312 shares of the real estate investment trust’s stock worth $223,000 after buying an additional 180 shares in the last quarter. Teachers Advisors LLC increased its position in shares of Columbia Property Trust by 34.2% in the fourth quarter. Teachers Advisors LLC now owns 270,768 shares of the real estate investment trust’s stock worth $5,849,000 after buying an additional 69,019 shares in the last quarter. Creative Planning increased its position in shares of Columbia Property Trust by 3.1% in the first quarter. Creative Planning now owns 11,449 shares of the real estate investment trust’s stock worth $255,000 after buying an additional 345 shares in the last quarter. State of Alaska Department of Revenue increased its position in shares of Columbia Property Trust by 29.3% in the first quarter. State of Alaska Department of Revenue now owns 63,490 shares of the real estate investment trust’s stock worth $1,412,000 after buying an additional 14,380 shares in the last quarter. Finally, Nationwide Fund Advisors increased its position in shares of Columbia Property Trust by 5.7% in the first quarter. Nationwide Fund Advisors now owns 379,184 shares of the real estate investment trust’s stock worth $8,437,000 after buying an additional 20,440 shares in the last quarter. Institutional investors and hedge funds own 64.65% of the company’s stock.

Columbia Property Trust, Inc. (NYSE:CXP) opened at 20.97 on Friday. The stock has a market cap of $2.54 billion, a P/E ratio of 18.39 and a beta of 1.16. The stock has a 50 day moving average of $21.89 and a 200-day moving average of $22.25. Columbia Property Trust, Inc. has a one year low of $20.27 and a one year high of $24.63.

Columbia Property Trust (NYSE:CXP) last announced its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.26 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by $0.01. The firm had revenue of $74.86 million during the quarter, compared to the consensus estimate of $79.51 million. Columbia Property Trust had a net margin of 37.27% and a return on equity of 5.55%. The company’s quarterly revenue was down 41.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.48 EPS.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be paid a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.80 annualized dividend and a dividend yield of 3.81%. Columbia Property Trust’s payout ratio is 70.18%.

Columbia Property Trust announced that its Board of Directors has initiated a share repurchase program on Tuesday, August 8th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the real estate investment trust to reacquire up to 7.7% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

COPYRIGHT VIOLATION NOTICE: This piece of content was published by BBNS and is the property of of BBNS. If you are reading this piece of content on another site, it was illegally copied and republished in violation of U.S. & international copyright and trademark laws. The legal version of this piece of content can be accessed at https://baseballnewssource.com/markets/columbia-property-trust-inc-cxp-shares-sold-by-financial-advisors-network-inc/1512620.html.

A number of equities analysts have recently issued reports on CXP shares. BMO Capital Markets reiterated a “buy” rating and issued a $26.00 price target on shares of Columbia Property Trust in a report on Friday, April 28th. Zacks Investment Research upgraded shares of Columbia Property Trust from a “sell” rating to a “hold” rating in a report on Wednesday, May 31st. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a $21.00 price target on shares of Columbia Property Trust in a report on Thursday, June 22nd. Finally, BidaskClub upgraded shares of Columbia Property Trust from a “strong sell” rating to a “sell” rating in a report on Thursday, June 22nd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $24.33.

In other news, Director Thomas G. Wattles purchased 4,700 shares of the stock in a transaction that occurred on Tuesday, August 15th. The stock was acquired at an average price of $21.27 per share, with a total value of $99,969.00. Following the purchase, the director now owns 21,166 shares in the company, valued at approximately $450,200.82. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.46% of the company’s stock.

About Columbia Property Trust

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.

Want to see what other hedge funds are holding CXP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Columbia Property Trust, Inc. (NYSE:CXP).

Institutional Ownership by Quarter for Columbia Property Trust (NYSE:CXP)

Receive News & Ratings for Columbia Property Trust Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Columbia Property Trust Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Kris Bryant Back in Spotlight, Cubs Pushing for Playoff Berth
Kris Bryant Back in Spotlight, Cubs Pushing for Playoff Berth
Despite Changes to Reduce The Length of Games, MLB Games are Actually Getting Longer
Despite Changes to Reduce The Length of Games, MLB Games are Actually Getting Longer
Despite Hitting Home Run, Judge Sets Longest Game Streak for Strikeouts
Despite Hitting Home Run, Judge Sets Longest Game Streak for Strikeouts
Los Angeles Dodgers Move 50 Games Over .500
Los Angeles Dodgers Move 50 Games Over .500
Miami’s Giancarlo Stanton Sets Marlins Home Run Record
Miami’s Giancarlo Stanton Sets Marlins Home Run Record
Bryce Harper Latest Star to Suffer Injury
Bryce Harper Latest Star to Suffer Injury


Leave a Reply

 
© 2006-2017 BBNS.