Prospera Financial Services Inc maintained its stake in shares of Columbia Property Trust, Inc. (NYSE:CXP) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,388 shares of the real estate investment trust’s stock at the end of the second quarter. Prospera Financial Services Inc’s holdings in Columbia Property Trust were worth $297,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of the stock. SG Americas Securities LLC increased its stake in Columbia Property Trust by 34.2% in the first quarter. SG Americas Securities LLC now owns 6,788 shares of the real estate investment trust’s stock worth $151,000 after buying an additional 1,731 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Columbia Property Trust by 19.0% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,548 shares of the real estate investment trust’s stock worth $190,000 after buying an additional 1,363 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in Columbia Property Trust by 34.7% in the first quarter. Daiwa Securities Group Inc. now owns 9,700 shares of the real estate investment trust’s stock worth $216,000 after buying an additional 2,500 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its stake in 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 during the last quarter. Finally, GSA Capital Partners LLP increased its stake in Columbia Property Trust by 6.3% in the fourth quarter. GSA Capital Partners LLP now owns 10,700 shares of the real estate investment trust’s stock worth $231,000 after buying an additional 632 shares during the last quarter. Institutional investors and hedge funds own 64.12% of the company’s stock.
Columbia Property Trust, Inc. (NYSE CXP) opened at 21.69 on Tuesday. Columbia Property Trust, Inc. has a 12-month low of $20.27 and a 12-month high of $24.63. The stock’s 50 day moving average is $22.20 and its 200-day moving average is $22.31. The company has a market capitalization of $2.63 billion, a P/E ratio of 19.03 and a beta of 1.16.
Columbia Property Trust (NYSE:CXP) last released its earnings results on Thursday, July 27th. The real estate investment trust reported $0.26 EPS for the quarter, missing the Zacks’ consensus estimate of $0.27 by $0.01. The business had revenue of $74.86 million for the quarter, compared to the consensus estimate of $79.51 million. Columbia Property Trust had a return on equity of 5.55% and a net margin of 37.27%. The company’s revenue for the quarter was down 41.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.48 earnings per share.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date is Wednesday, August 30th. Columbia Property Trust’s payout ratio is 70.18%.
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A number of equities research analysts have issued reports on the stock. BidaskClub downgraded shares of Columbia Property Trust from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. Zacks Investment Research upgraded shares of Columbia Property Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, May 31st. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a $21.00 price target on shares of Columbia Property Trust in a research note on Thursday, June 22nd. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $26.00 target price on shares of Columbia Property Trust in a research note on Friday, April 28th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $24.33.
Columbia Property Trust Company Profile
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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