Columbia Property Trust Inc. (CXP) Short Interest Update
Columbia Property Trust Inc. (NYSE:CXP) was the target of a significant increase in short interest in October. As of October 31st, there was short interest totalling 923,878 shares, an increase of 71.2% from the October 14th total of 539,748 shares. Currently, 0.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 498,056 shares, the days-to-cover ratio is currently 1.9 days.
Shares of Columbia Property Trust (NYSE:CXP) opened at 21.43 on Friday. Columbia Property Trust has a 1-year low of $19.34 and a 1-year high of $25.48. The firm has a market cap of $2.65 billion, a price-to-earnings ratio of 39.76 and a beta of 1.18. The company’s 50 day moving average price is $21.49 and its 200-day moving average price is $22.34.
Columbia Property Trust (NYSE:CXP) last released its quarterly earnings data on Thursday, October 27th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.38. Columbia Property Trust had a return on equity of 2.62% and a net margin of 13.40%. The business earned $113.27 million during the quarter, compared to analyst estimates of $114.97 million. During the same quarter in the previous year, the firm posted $0.47 EPS. The business’s revenue for the quarter was down 17.8% compared to the same quarter last year. Equities analysts expect that Columbia Property Trust will post $0.19 EPS 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. The ex-dividend date of this dividend is Tuesday, November 29th. This represents a $1.20 dividend on an annualized basis and a yield of 5.60%. Columbia Property Trust’s dividend payout ratio is currently 222.22%.
Separately, Zacks Investment Research upgraded Columbia Property Trust from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research report on Thursday, September 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. Columbia Property Trust currently has an average rating of “Hold” and an average target price of $22.75.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CXP. Carroll Financial Associates Inc. raised its position in Columbia Property Trust by 34.0% in the second quarter. Carroll Financial Associates Inc. now owns 9,480 shares of the real estate investment trust’s stock worth $202,000 after buying an additional 2,407 shares in the last quarter. Nisa Investment Advisors LLC acquired a new position in shares of Columbia Property Trust during the second quarter worth about $171,000. Capital Analysts LLC raised its position in shares of Columbia Property Trust by 6,061.0% in the second quarter. Capital Analysts LLC now owns 12,322 shares of the real estate investment trust’s stock worth $879,000 after buying an additional 12,122 shares during the period. Breton Hill Capital Ltd. raised its position in shares of Columbia Property Trust by 44.3% in the second quarter. Breton Hill Capital Ltd. now owns 68,377 shares of the real estate investment trust’s stock worth $1,463,000 after buying an additional 20,991 shares during the period. Finally, Creative Planning raised its position in shares of Columbia Property Trust by 16.7% in the second quarter. Creative Planning now owns 8,931 shares of the real estate investment trust’s stock worth $191,000 after buying an additional 1,278 shares during the period. Institutional investors and hedge funds 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.
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