Janney Montgomery Scott LLC boosted its position in Columbia Property Trust (NYSE:CXP) by 16.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 30,006 shares of the real estate investment trust’s stock after buying an additional 4,217 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Columbia Property Trust were worth $675,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in CXP. Bank of Montreal Can grew its holdings in shares of Columbia Property Trust by 19.1% during the 4th quarter. Bank of Montreal Can now owns 249,243 shares of the real estate investment trust’s stock worth $4,824,000 after acquiring an additional 40,047 shares during the period. Strs Ohio boosted its holdings in shares of Columbia Property Trust by 6.5% during the 4th quarter. Strs Ohio now owns 206,788 shares of the real estate investment trust’s stock valued at $4,001,000 after purchasing an additional 12,632 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its holdings in shares of Columbia Property Trust by 38.1% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 67,000 shares of the real estate investment trust’s stock valued at $1,296,000 after acquiring an additional 18,500 shares during the last quarter. Quantamental Technologies LLC bought a new stake in Columbia Property Trust in the fourth quarter worth about $230,000. Finally, Pendal Group Ltd increased its position in shares of Columbia Property Trust by 20.5% during the fourth quarter. Pendal Group Ltd now owns 34,776 shares of the real estate investment trust’s stock worth $612,000 after acquiring an additional 5,916 shares during the period. 74.23% of the stock is currently owned by institutional investors and hedge funds.
Separately, Zacks Investment Research downgraded shares of Columbia Property Trust from a “hold” rating to a “sell” rating in a research note on Thursday, March 14th.
Shares of Columbia Property Trust stock traded down $0.10 during trading hours on Friday, reaching $21.86. The stock had a trading volume of 406,335 shares, compared to its average volume of 586,798. The company has a market cap of $2.54 billion, a P/E ratio of 14.01 and a beta of 0.99. Columbia Property Trust has a twelve month low of $18.08 and a twelve month high of $25.07. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.80 and a current ratio of 2.80.
Columbia Property Trust (NYSE:CXP) last issued its quarterly earnings data on Thursday, April 25th. The real estate investment trust reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.35). The firm had revenue of $75.43 million during the quarter, compared to analyst estimates of $72.75 million. Columbia Property Trust had a return on equity of 0.42% and a net margin of 3.84%. The company’s revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the company posted $0.38 EPS. Equities research analysts forecast that Columbia Property Trust will post 1.41 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 18th. Stockholders of record on Monday, June 3rd will be paid a dividend of $0.20 per share. The ex-dividend date is Friday, May 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.66%. Columbia Property Trust’s dividend payout ratio is currently 51.28%.
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Columbia Property Trust Profile
Columbia Property Trust (NYSE: CXP) owns and operates Class-A office buildings concentrated in New York, San Francisco, and Washington, DC Its portfolio includes 19 properties with approximately nine million square feet. Columbia carries an investment-grade rating from both Moody's and Standard & Poor's.
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