Shares of Columbia Property Trust Inc. (NYSE:CXP) saw unusually-high trading volume on Friday . Approximately 458,132 shares were traded during mid-day trading, a decline of 7% from the previous session’s volume of 491,557 shares.The stock last traded at $21.70 and had previously closed at $21.24.

CXP has been the topic of a number of recent research reports. Zacks Investment Research upgraded Columbia Property Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, April 20th. BMO Capital Markets reiterated a “hold” rating on shares of Columbia Property Trust in a research note on Friday, April 29th. Finally, TheStreet upgraded Columbia Property Trust from a “sell” rating to a “hold” rating in a research note on Friday, June 3rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $23.29.

The company has a market cap of $2.67 billion and a PE ratio of 59.10. The company has a 50-day moving average price of $21.44 and a 200-day moving average price of $21.70.

Columbia Property Trust (NYSE:CXP) last released its quarterly earnings results on Thursday, April 28th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.15. The company had revenue of $126.58 million for the quarter, compared to analyst estimates of $132.19 million. During the same quarter last year, the firm posted $0.52 EPS. Columbia Property Trust’s revenue for the quarter was down 14.2% on a year-over-year basis. Equities research analysts forecast that Columbia Property Trust Inc. will post $0.37 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 15th. Shareholders of record on Wednesday, June 1st were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, May 27th. This represents a $1.20 dividend on an annualized basis and a yield of 5.55%.

Several institutional investors have made changes to their positions in CXP. ProShare Advisors LLC increased its position in shares of Columbia Property Trust by 11.2% in the fourth quarter. ProShare Advisors LLC now owns 44,937 shares of the real estate investment trust’s stock worth $1,055,000 after buying an additional 4,544 shares during the last quarter. Deere & Co. increased its position in shares of Columbia Property Trust by 7.1% in the fourth quarter. Deere & Co. now owns 80,345 shares of the real estate investment trust’s stock worth $1,887,000 after buying an additional 5,304 shares during the last quarter. Rhumbline Advisers increased its position in shares of Columbia Property Trust by 8.8% in the fourth quarter. Rhumbline Advisers now owns 98,308 shares of the real estate investment trust’s stock worth $2,308,000 after buying an additional 7,975 shares during the last quarter. Cornerstone Capital Management Holdings LLC. increased its position in shares of Columbia Property Trust by 147.3% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 123,871 shares of the real estate investment trust’s stock worth $2,909,000 after buying an additional 73,773 shares during the last quarter. Finally, First Trust Advisors LP increased its position in shares of Columbia Property Trust by 10.9% in the fourth quarter. First Trust Advisors LP now owns 129,078 shares of the real estate investment trust’s stock worth $3,031,000 after buying an additional 12,678 shares during the last quarter.

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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