First Heartland Consultants Inc. reduced its stake in shares of Columbia Property Trust, Inc. (NYSE:CXP) by 10.4% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 26,279 shares of the real estate investment trust’s stock after selling 3,053 shares during the period. First Heartland Consultants Inc.’s holdings in Columbia Property Trust were worth $585,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in CXP. Total Investment Management Inc. bought a new stake in shares of Columbia Property Trust during the fourth quarter worth approximately $1,271,000. Pacad Investment Ltd. increased its stake in Columbia Property Trust by 5.4% in the fourth quarter. Pacad Investment Ltd. now owns 7,799 shares of the real estate investment trust’s stock worth $168,000 after buying an additional 399 shares in the last quarter. Credit Agricole S A increased its stake in Columbia Property Trust by 39.0% in the fourth quarter. Credit Agricole S A now owns 92,092 shares of the real estate investment trust’s stock worth $1,989,000 after buying an additional 25,833 shares in the last quarter. Asset Management One Co. Ltd. increased its stake in Columbia Property Trust by 8.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 280,647 shares of the real estate investment trust’s stock worth $5,948,000 after buying an additional 22,317 shares in the last quarter. Finally, Barber Financial Group Inc. acquired a new position in shares of Columbia Property Trust during the fourth quarter worth $408,000. 63.36% of the stock is owned by institutional investors.
Columbia Property Trust, Inc. (NYSE:CXP) traded up 1.37% during mid-day trading on Monday, reaching $22.12. The company had a trading volume of 557,744 shares. Columbia Property Trust, Inc. has a 12-month low of $20.27 and a 12-month high of $24.63. The firm has a 50-day moving average price of $22.02 and a 200 day moving average price of $22.08. The firm has a market capitalization of $2.71 billion, a price-to-earnings ratio of 17.87 and a beta of 1.18.
Columbia Property Trust (NYSE:CXP) last issued its quarterly earnings data on Thursday, April 27th. The real estate investment trust reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. Columbia Property Trust had a net margin of 35.49% and a return on equity of 6.02%. The business had revenue of $82.16 million during the quarter, compared to analysts’ expectations of $100.52 million. During the same period last year, the company posted $0.44 EPS. The business’s revenue was down 35.1% on a year-over-year basis. Analysts expect that Columbia Property Trust, Inc. will post ($0.02) EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st were paid a $0.20 dividend. The ex-dividend date was Tuesday, May 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.62%. Columbia Property Trust’s payout ratio is currently 64.52%.
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CXP has been the topic of a number of recent analyst reports. BMO Capital Markets reissued a “buy” rating and set a $26.00 price target on shares of Columbia Property Trust in a research report on Friday, April 28th. Evercore ISI raised Columbia Property Trust from an “in-line” rating to an “outperform” rating and upped their target price for the company from $24.50 to $25.00 in a research report on Monday, March 27th. Goldman Sachs Group, Inc. (The) upgraded Columbia Property Trust from a “sell” rating to a “neutral” rating and set a $22.00 price target for the company in a research note on Wednesday, February 22nd. Finally, Zacks Investment Research cut Columbia Property Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, June 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $24.50.
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.
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