Columbia Property Trust, Inc. (NYSE:CXP) has been given an average rating of “Buy” by the nine ratings firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $24.43.
CXP has been the topic of several analyst reports. 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.
Large investors have recently made changes to their positions in the business. TLP Group LLC purchased a new position in shares of Columbia Property Trust during the second quarter valued at approximately $150,000. SG Americas Securities LLC boosted its position in shares of Columbia Property Trust by 0.8% during the second 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 period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Columbia Property Trust by 8.2% during the second 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 period. First Allied Advisory Services Inc. boosted its position in shares of Columbia Property Trust by 3.3% during the second 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 period. Finally, Janney Montgomery Scott LLC purchased a new position in shares of Columbia Property Trust during the second quarter valued at approximately $213,000. Institutional investors and hedge funds own 67.39% of the company’s stock.
Shares of Columbia Property Trust (NYSE CXP) traded up $0.02 during midday trading on Thursday, reaching $22.06. The company’s stock had a trading volume of 684,552 shares, compared to its average volume of 606,344. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.52. Columbia Property Trust has a 52 week low of $20.37 and a 52 week high of $23.48. The company has a market capitalization of $2,642.88, a PE ratio of 18.54 and a beta of 1.17.
Columbia Property Trust (NYSE:CXP) last issued its quarterly earnings data on Thursday, October 26th. The real estate investment trust reported $0.28 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.26. Columbia Property Trust had a return on equity of 8.10% and a net margin of 63.37%. The company had revenue of $60.36 million for the quarter, compared to analysts’ expectations of $75.43 million. During the same period in the previous year, the firm posted $0.37 earnings per share. equities analysts predict that Columbia Property Trust will post 1.14 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Friday, December 1st will be given a dividend of $0.20 per share. The ex-dividend date is Thursday, November 30th. This represents a $0.80 annualized dividend and a dividend yield of 3.63%. Columbia Property Trust’s dividend payout ratio (DPR) is presently 47.62%.
About Columbia Property Trust
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.
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.