Columbia Property Trust Inc. (CXP) Announces Quarterly Dividend of $0.30
Columbia Property Trust Inc. (NYSE:CXP) announced a quarterly dividend on Friday, November 11th. Shareholders of record on Thursday, December 1st will be given a dividend of 0.30 per share by the real estate investment trust on Thursday, January 5th. This represents a $1.20 annualized dividend and a dividend yield of 5.71%. The ex-dividend date of this dividend is Tuesday, November 29th.
Shares of Columbia Property Trust (NYSE:CXP) opened at 21.02 on Monday. The firm’s 50 day moving average is $21.63 and its 200 day moving average is $22.35. The stock has a market capitalization of $2.60 billion, a price-to-earnings ratio of 39.00 and a beta of 1.18. Columbia Property Trust has a 52-week low of $19.34 and a 52-week high of $25.48.
Columbia Property Trust (NYSE:CXP) last issued its quarterly earnings data on Thursday, October 27th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.38. The firm earned $113.27 million during the quarter, compared to the consensus estimate of $114.97 million. Columbia Property Trust had a return on equity of 2.62% and a net margin of 13.40%. The company’s quarterly revenue was down 17.8% on a year-over-year basis. During the same period last year, the company earned $0.47 EPS. Equities analysts expect that Columbia Property Trust will post $0.19 earnings per share for the current year.
Separately, Zacks Investment Research downgraded Columbia Property Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, September 20th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $22.75.
Institutional investors have recently added to or reduced their stakes in the stock. Weiss Multi Strategy Advisers LLC purchased a new position in Columbia Property Trust during the second quarter valued at $4,280,000. AQR Capital Management LLC increased its position in Columbia Property Trust by 236.5% in the second quarter. AQR Capital Management LLC now owns 198,270 shares of the real estate investment trust’s stock valued at $4,243,000 after buying an additional 139,347 shares in the last quarter. Parametric Portfolio Associates LLC increased its position in Columbia Property Trust by 92.7% in the second quarter. Parametric Portfolio Associates LLC now owns 252,800 shares of the real estate investment trust’s stock valued at $5,410,000 after buying an additional 121,586 shares in the last quarter. Ameriprise Financial Inc. increased its position in Columbia Property Trust by 223.1% in the third quarter. Ameriprise Financial Inc. now owns 127,952 shares of the real estate investment trust’s stock valued at $2,865,000 after buying an additional 88,353 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp increased its position in Columbia Property Trust by 191.9% in the second quarter. OMERS ADMINISTRATION Corp now owns 133,700 shares of the real estate investment trust’s stock valued at $2,861,000 after buying an additional 87,900 shares in the last quarter. 60.73% of the stock is owned by institutional investors.
About Columbia Property Trust
Columbia Property Trust, Inc operates as a real estate investment trust (REIT) for federal income tax purposes. The Company conducts business through Columbia Property Trust Operating Partnership, L.P. (Columbia Property Trust OP), which acquires, develops, owns, leases and operates real properties through subsidiaries or through joint ventures.
Receive News & Stock 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 stocks with our FREE daily email newsletter.