Pensionfund Sabic bought a new stake in Columbia Property Trust Inc. (NYSE:CXP) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 25,000 shares of the real estate investment trust’s stock, valued at approximately $560,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. TIAA CREF Trust Co. FSB MO bought a new position in shares of Columbia Property Trust during the second quarter valued at about $264,000. Fox Run Management L.L.C. bought a new position in shares of Columbia Property Trust during the second quarter valued at about $203,000. Carroll Financial Associates Inc. raised its position in shares of 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. Nisa Investment Advisors LLC bought a new position in shares of Columbia Property Trust during the second quarter valued at about $171,000. Finally, Capital Analysts LLC raised its position in shares of 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. 60.16% of the stock is currently owned by institutional investors and hedge funds.
Shares of Columbia Property Trust Inc. (NYSE:CXP) traded down 2.38% on Friday, reaching $21.33. 301,843 shares of the company traded hands. The stock has a market capitalization of $2.63 billion, a P/E ratio of 39.57 and a beta of 1.18. The stock’s 50 day moving average price is $21.42 and its 200-day moving average price is $22.30. Columbia Property Trust Inc. has a one year low of $19.34 and a one year high of $25.40.
Columbia Property Trust (NYSE:CXP) last announced its quarterly earnings data on Thursday, October 27th. The real estate investment trust reported $0.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.38. The firm earned $113.27 million during the quarter, compared to analyst estimates of $114.97 million. Columbia Property Trust had a net margin of 13.40% and a return on equity of 2.62%. The business’s quarterly revenue was down 17.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.47 EPS. Equities analysts forecast that Columbia Property Trust Inc. will post $0.19 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 5th. Stockholders of record on Thursday, December 1st will be issued a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, November 29th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.63%. Columbia Property Trust’s payout ratio is 222.22%.
Separately, Zacks Investment Research raised shares of Columbia Property Trust from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research note on Thursday, September 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. Columbia Property Trust presently has a consensus rating of “Hold” and a consensus price target 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.