Vanguard Group Inc. raised its holdings in Columbia Property Trust, Inc. (NYSE:CXP) by 1.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,201,074 shares of the real estate investment trust’s stock after purchasing an additional 301,869 shares during the quarter. Vanguard Group Inc. owned approximately 15.84% of Columbia Property Trust worth $429,720,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Los Angeles Capital Management & Equity Research Inc. bought a new position in Columbia Property Trust in the 2nd quarter valued at $9,026,000. Legal & General Group Plc raised its position in Columbia Property Trust by 3.0% in the 2nd quarter. Legal & General Group Plc now owns 414,630 shares of the real estate investment trust’s stock valued at $9,278,000 after purchasing an additional 12,065 shares during the last quarter. California Public Employees Retirement System raised its position in Columbia Property Trust by 5.4% in the 1st quarter. California Public Employees Retirement System now owns 416,700 shares of the real estate investment trust’s stock valued at $9,272,000 after purchasing an additional 21,200 shares during the last quarter. Bank of New York Mellon Corp raised its position in Columbia Property Trust by 2.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,475,313 shares of the real estate investment trust’s stock valued at $77,778,000 after purchasing an additional 88,567 shares during the last quarter. Finally, Sei Investments Co. raised its position in Columbia Property Trust by 31.1% in the 2nd quarter. Sei Investments Co. now owns 58,615 shares of the real estate investment trust’s stock valued at $1,311,000 after purchasing an additional 13,894 shares during the last quarter. Hedge funds and other institutional investors own 64.84% of the company’s stock.

Several equities analysts have issued reports on the company. BidaskClub upgraded Columbia Property Trust from a “strong sell” rating to a “sell” rating in a research report on Thursday, June 22nd. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a $21.00 price objective on shares of Columbia Property Trust in a research report on Thursday, June 22nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $23.80.

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In other news, Director Thomas G. Wattles purchased 4,700 shares of the company’s stock in a transaction dated Tuesday, August 15th. The stock was bought at an average cost of $21.27 per share, for a total transaction of $99,969.00. Following the purchase, the director now owns 21,166 shares of the company’s stock, valued at $450,200.82. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.46% of the stock is currently owned by corporate insiders.

Shares of Columbia Property Trust, Inc. (NYSE:CXP) opened at 21.55 on Thursday. Columbia Property Trust, Inc. has a 52-week low of $20.27 and a 52-week high of $23.48. The stock’s 50 day moving average price is $21.16 and its 200-day moving average price is $21.89. The company has a market cap of $2.61 billion, a P/E ratio of 18.90 and a beta of 1.17.

Columbia Property Trust (NYSE:CXP) last announced its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.26 EPS for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.01). Columbia Property Trust had a net margin of 37.27% and a return on equity of 5.55%. The firm had revenue of $74.86 million during the quarter, compared to the consensus estimate of $79.51 million. During the same quarter in the previous year, the company posted $0.48 earnings per share. The firm’s revenue was down 41.5% on a year-over-year basis. Equities analysts expect that Columbia Property Trust, Inc. will post $0.07 EPS for the current year.

Columbia Property Trust declared that its Board of Directors has approved a share buyback plan on Tuesday, August 8th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the real estate investment trust to purchase up to 7.7% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its shares are undervalued.

The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date was Wednesday, August 30th. Columbia Property Trust’s payout ratio is 70.18%.

Columbia Property Trust 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.

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

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