Private Advisor Group LLC boosted its holdings in shares of Columbia Property Trust, Inc. (NYSE:CXP) by 10.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 59,907 shares of the real estate investment trust’s stock after acquiring an additional 5,429 shares during the quarter. Private Advisor Group LLC owned 0.05% of Columbia Property Trust worth $1,272,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in CXP. TLP Group LLC acquired a new stake in shares of Columbia Property Trust during the 2nd quarter valued at about $150,000. SG Americas Securities LLC lifted its holdings in shares of Columbia Property Trust by 0.8% during the 2nd quarter. SG Americas Securities LLC now owns 6,839 shares of the real estate investment trust’s stock valued at $153,000 after buying an additional 51 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Columbia Property Trust by 8.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,249 shares of the real estate investment trust’s stock valued at $207,000 after buying an additional 701 shares during the last quarter. First Allied Advisory Services Inc. lifted its holdings in shares of Columbia Property Trust by 3.3% during the 2nd quarter. First Allied Advisory Services Inc. now owns 9,311 shares of the real estate investment trust’s stock valued at $210,000 after buying an additional 296 shares during the last quarter. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of Columbia Property Trust during the 2nd quarter valued at about $213,000. Hedge funds and other institutional investors own 67.39% of the company’s stock.
Shares of Columbia Property Trust, Inc. (NYSE CXP) opened at $22.04 on Friday. The stock has a market capitalization of $2,635.68, a P/E ratio of 18.49 and a beta of 1.17. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.52. Columbia Property Trust, Inc. has a 1 year low of $20.37 and a 1 year high of $23.48.
Columbia Property Trust (NYSE:CXP) last released its quarterly earnings data on Thursday, October 26th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.26. The business had revenue of $60.36 million for the quarter, compared to analysts’ expectations of $75.43 million. Columbia Property Trust had a return on equity of 8.10% and a net margin of 63.37%. During the same period in the previous year, the business posted $0.37 earnings per share. analysts predict that Columbia Property Trust, Inc. will post 1.14 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 4th. Investors of record on Friday, December 1st will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 3.63%. The ex-dividend date of this dividend is Thursday, November 30th. Columbia Property Trust’s dividend payout ratio is 47.62%.
A number of brokerages recently weighed in on CXP. Zacks Investment Research raised Columbia Property Trust from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research note on Wednesday, November 22nd. JMP Securities raised Columbia Property Trust from a “market perform” rating to an “outperform” rating and set a $26.00 price objective on the stock in a research note on Monday, October 30th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $24.43.
ILLEGAL ACTIVITY NOTICE: This piece was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece on another publication, it was copied illegally and republished in violation of U.S. and international copyright & trademark law. The legal version of this piece can be viewed at https://ledgergazette.com/2017/12/08/private-advisor-group-llc-increases-holdings-in-columbia-property-trust-inc-cxp.html.
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.
Want to see what other hedge funds are holding CXP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Columbia Property Trust, Inc. (NYSE:CXP).
Receive News & Ratings for Columbia Property Trust Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Columbia Property Trust Inc. and related companies with MarketBeat.com's FREE daily email newsletter.