Columbia Property Trust, Inc. (CXP) Shares Sold by Investment Centers of America Inc.

Investment Centers of America Inc. reduced its stake in shares of Columbia Property Trust, Inc. (NYSE:CXP) by 47.9% in the second quarter, according to its most recent filing with the SEC. The fund owned 39,830 shares of the real estate investment trust’s stock after selling 36,664 shares during the period. Investment Centers of America Inc.’s holdings in Columbia Property Trust were worth $891,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Columbia Property Trust by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 18,899,205 shares of the real estate investment trust’s stock worth $420,507,000 after acquiring an additional 417,322 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Columbia Property Trust by 2.6% during the 2nd quarter. BlackRock Inc. now owns 8,281,850 shares of the real estate investment trust’s stock worth $185,346,000 after acquiring an additional 208,882 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Columbia Property Trust by 2.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,475,313 shares of the real estate investment trust’s stock worth $77,778,000 after acquiring an additional 88,567 shares during the last quarter. Prudential Financial Inc. lifted its holdings in shares of Columbia Property Trust by 38.6% during the 2nd quarter. Prudential Financial Inc. now owns 1,863,289 shares of the real estate investment trust’s stock worth $41,700,000 after acquiring an additional 518,443 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Columbia Property Trust by 7.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,635,794 shares of the real estate investment trust’s stock worth $36,396,000 after acquiring an additional 111,597 shares during the last quarter. 64.81% of the stock is owned by institutional investors.

Shares of Columbia Property Trust, Inc. (NYSE CXP) traded up 0.05% during trading on Friday, reaching $21.38. 819,196 shares of the company were exchanged. The company has a market capitalization of $2.59 billion, a price-to-earnings ratio of 18.75 and a beta of 1.16. Columbia Property Trust, Inc. has a 1-year low of $20.27 and a 1-year high of $23.48. The stock’s 50 day moving average is $21.18 and its 200 day moving average is $21.98.

Columbia Property Trust (NYSE:CXP) last released its quarterly earnings data 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). Columbia Property Trust had a net margin of 37.27% and a return on equity of 5.55%. The business had revenue of $74.86 million for the quarter, compared to the consensus estimate of $79.51 million. During the same quarter last year, the business earned $0.48 EPS. Columbia Property Trust’s revenue for the quarter was down 41.5% compared to the same quarter last year. Equities analysts anticipate that Columbia Property Trust, Inc. will post $0.07 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were given a dividend of $0.20 per share. The ex-dividend date was Wednesday, August 30th. This represents a $0.80 annualized dividend and a yield of 3.74%. Columbia Property Trust’s dividend payout ratio (DPR) is currently 70.18%.

Columbia Property Trust announced that its board has initiated a stock buyback program on Tuesday, August 8th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the real estate investment trust to buy up to 7.7% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.

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In other Columbia Property Trust news, Director Thomas G. Wattles acquired 4,700 shares of the stock in a transaction on Tuesday, August 15th. The stock was acquired at an average price of $21.27 per share, for a total transaction of $99,969.00. Following the completion of the transaction, the director now directly owns 21,166 shares of the company’s stock, valued at $450,200.82. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.46% of the stock is owned by company insiders.

CXP has been the topic of a number of analyst reports. BidaskClub cut shares of Columbia Property Trust from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a $21.00 target price on shares of Columbia Property Trust in a research report on Thursday, June 22nd. Finally, Zacks Investment Research cut shares of Columbia Property Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, June 6th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. Columbia Property Trust has a consensus rating of “Hold” and a consensus target price of $23.80.

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

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