Today, Quantbot Technologies LP Buys 829 Shares of Columbia Property Trust Inc. (CXP)

Today, Quantbot Technologies LP Buys 829 Shares of Columbia Property Trust Inc. (CXP)
Quantbot Technologies LP raised its stake in Columbia Property Trust Inc. (NYSE:CXP) by 14.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,566 shares of the real estate investment trust’s stock after buying an additional 829 shares during the period. Quantbot Technologies LP’s holdings in Columbia Property Trust were worth $147,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in CXP. Carroll Financial Associates Inc. raised its stake in Columbia Property Trust by 34.0% in the second quarter. Carroll Financial Associates Inc. now owns 9,480 shares of the real estate investment trust’s stock valued at $202,000 after buying an additional 2,407 shares in the last quarter. Fox Run Management L.L.C. acquired a new stake in Columbia Property Trust during the second quarter valued at approximately $203,000. TLP Group LLC raised its stake in Columbia Property Trust by 417.8% in the second quarter. TLP Group LLC now owns 10,355 shares of the real estate investment trust’s stock valued at $222,000 after buying an additional 8,355 shares in the last quarter. Capital Analysts LLC raised its stake in Columbia Property Trust by 6,061.0% in the second quarter. Capital Analysts LLC now owns 12,322 shares of the real estate investment trust’s stock valued at $879,000 after buying an additional 12,122 shares in the last quarter. Finally, A.R.T. Advisors LLC raised its stake in Columbia Property Trust by 33.5% in the first quarter. A.R.T. Advisors LLC now owns 38,299 shares of the real estate investment trust’s stock valued at $842,000 after buying an additional 9,600 shares in the last quarter. Institutional investors and hedge funds own 60.16% of the company’s stock.

Columbia Property Trust Inc. (NYSE:CXP) traded down 2.38% on Friday, reaching $21.33. 301,843 shares of the company’s stock were exchanged. The stock has a market capitalization of $2.63 billion, a P/E ratio of 39.57 and a beta of 1.18. The firm’s 50 day moving average is $21.42 and its 200 day moving average is $22.30. Columbia Property Trust Inc. has a 1-year low of $19.34 and a 1-year high of $25.40.

Columbia Property Trust (NYSE:CXP) last issued its earnings results on Thursday, October 27th. The real estate investment trust reported $0.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.38. Columbia Property Trust had a return on equity of 2.62% and a net margin of 13.40%. The firm had revenue of $113.27 million for the quarter, compared to analyst estimates of $114.97 million. During the same period last year, the company earned $0.47 earnings per share. The firm’s revenue for the quarter was down 17.8% on a year-over-year basis. Analysts expect that Columbia Property Trust Inc. will post $0.19 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 5th. Shareholders of record on Thursday, December 1st will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 5.63%. The ex-dividend date of this dividend is Tuesday, November 29th. Columbia Property Trust’s dividend payout ratio is presently 222.22%.

Separately, Zacks Investment Research upgraded shares of Columbia Property Trust from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research report on Thursday, September 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $22.75.

Columbia Property Trust Company Profile

Columbia Property Trust, Inc operates as a real estate investment trust (REIT) for federal income tax purposes. The Company conducts business through Columbia Property Trust Operating Partnership, L.P. (Columbia Property Trust OP), which acquires, develops, owns, leases and operates real properties through subsidiaries or through joint ventures.

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