Amalgamated Bank raised its position in Columbia Property Trust, Inc. (NYSE:CXP) by 3.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,762 shares of the real estate investment trust’s stock after buying an additional 570 shares during the period. Amalgamated Bank’s holdings in Columbia Property Trust were worth $395,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Malaga Cove Capital LLC boosted its stake in Columbia Property Trust by 18.4% in the first quarter. Malaga Cove Capital LLC now owns 34,052 shares of the real estate investment trust’s stock worth $761,000 after buying an additional 5,287 shares during the last quarter. First Quadrant L P CA boosted its stake in shares of Columbia Property Trust by 225.4% in the first quarter. First Quadrant L P CA now owns 64,103 shares of the real estate investment trust’s stock worth $1,426,000 after buying an additional 44,406 shares in the last quarter. ProShare Advisors LLC boosted its stake in shares of Columbia Property Trust by 357.8% in the first quarter. ProShare Advisors LLC now owns 151,244 shares of the real estate investment trust’s stock worth $752,000 after buying an additional 118,210 shares in the last quarter. Sigma Planning Corp boosted its stake in shares of Columbia Property Trust by 1.4% in the first quarter. Sigma Planning Corp now owns 12,899 shares of the real estate investment trust’s stock worth $287,000 after buying an additional 181 shares in the last quarter. Finally, Nationwide Fund Advisors boosted its stake in shares of Columbia Property Trust by 5.7% in the first quarter. Nationwide Fund Advisors now owns 379,184 shares of the real estate investment trust’s stock valued at $8,437,000 after buying an additional 20,440 shares during the period. Institutional investors own 64.12% of the company’s stock.

Shares of Columbia Property Trust, Inc. (NYSE CXP) traded down 1.20% during midday trading on Tuesday, hitting $21.43. The company had a trading volume of 398,501 shares. Columbia Property Trust, Inc. has a 12-month low of $20.27 and a 12-month high of $24.63. The firm’s 50-day moving average is $22.16 and its 200-day moving average is $22.29. The firm has a market capitalization of $2.60 billion, a P/E ratio of 18.80 and a beta of 1.16.

Columbia Property Trust (NYSE:CXP) last issued its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by $0.01. The company had revenue of $74.86 million for the quarter, compared to the consensus estimate of $79.51 million. Columbia Property Trust had a return on equity of 5.55% and a net margin of 37.27%. The business’s revenue for the quarter was down 41.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.48 earnings per share.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date of this dividend is Wednesday, August 30th. Columbia Property Trust’s dividend payout ratio is currently 70.18%.

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CXP has been the topic of several research reports. BidaskClub cut shares of Columbia Property Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Zacks Investment Research upgraded shares of Columbia Property Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, May 31st. BMO Capital Markets reissued a “buy” rating and issued a $26.00 price target on shares of Columbia Property Trust in a research note on Friday, April 28th. Finally, Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a $21.00 price target on shares of Columbia Property Trust in a research note on Thursday, June 22nd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $24.33.

Columbia Property Trust Company Profile

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.

Institutional Ownership by Quarter for Columbia Property Trust (NYSE:CXP)

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