Columbia Property Trust Inc. (NYSE:CXP) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.

According to Zacks, “Columbia Property Trust, Inc. operates as a real estate investment trust. It focuses on the acquisition, development, ownership, leasing and operation of office properties in primary U.S. markets. Columbia Property Trust, Inc. is headquartered in Atlanta, GA. “

Shares of Columbia Property Trust (NYSE:CXP) opened at 21.45 on Tuesday. The stock’s 50 day moving average is $21.53 and its 200 day moving average is $22.34. Columbia Property Trust has a 12 month low of $19.34 and a 12 month high of $25.48. The firm has a market cap of $2.65 billion, a PE ratio of 39.80 and a beta of 1.18.

Columbia Property Trust (NYSE:CXP) last posted its quarterly earnings data on Thursday, October 27th. The real estate investment trust reported $0.37 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 analysts’ expectations of $114.97 million. Columbia Property Trust had a return on equity of 2.62% and a net margin of 13.40%. The firm’s quarterly revenue was down 17.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.47 EPS. On average, analysts anticipate that Columbia Property Trust will post $0.19 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 5th. Investors of record on Thursday, December 1st will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 5.59%. The ex-dividend date is Tuesday, November 29th. Columbia Property Trust’s dividend payout ratio is presently 222.22%.

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Columbia Property Trust by 2.6% in the second quarter. Vanguard Group Inc. now owns 17,984,102 shares of the real estate investment trust’s stock worth $384,861,000 after buying an additional 456,958 shares in the last quarter. Shinko Asset Management Co. Ltd. boosted its stake in Columbia Property Trust by 19.0% in the second quarter. Shinko Asset Management Co. Ltd. now owns 5,417,226 shares of the real estate investment trust’s stock valued at $115,929,000 after buying an additional 864,971 shares during the period. State Street Corp boosted its stake in Columbia Property Trust by 0.5% in the second quarter. State Street Corp now owns 3,723,700 shares of the real estate investment trust’s stock valued at $79,689,000 after buying an additional 19,436 shares during the period. Lasalle Investment Management Securities LLC boosted its stake in Columbia Property Trust by 22.0% in the second quarter. Lasalle Investment Management Securities LLC now owns 3,394,491 shares of the real estate investment trust’s stock valued at $72,642,000 after buying an additional 610,996 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in Columbia Property Trust by 56.9% in the third quarter. Bank of New York Mellon Corp now owns 3,037,894 shares of the real estate investment trust’s stock valued at $68,020,000 after buying an additional 1,102,031 shares during the period. Hedge funds and other institutional investors own 59.84% of the company’s stock.

Columbia Property Trust Company Profile

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.

5 Day Chart for NYSE:CXP

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