Columbia Property Trust Inc. (NYSE:CXP) was up 2.2% during mid-day trading on Friday . The stock traded as high as $23.04 and last traded at $22.92, with a volume of 692,325 shares traded. The stock had previously closed at $22.42.

Several equities research analysts have issued reports on CXP shares. Zacks Investment Research upgraded Columbia Property Trust from a “sell” rating to a “hold” rating in a report on Wednesday, April 20th. BMO Capital Markets restated a “hold” rating on shares of Columbia Property Trust in a report on Friday, April 29th. Finally, TheStreet upgraded Columbia Property Trust from a “sell” rating to a “hold” rating in a report on Friday, June 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $23.29.

The firm has a 50-day moving average of $21.72 and a 200-day moving average of $21.68. The stock has a market capitalization of $2.83 billion and a P/E ratio of 62.62.

Columbia Property Trust (NYSE:CXP) last announced its earnings results on Thursday, April 28th. The real estate investment trust reported $0.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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. The firm’s quarterly revenue was down 14.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.52 earnings per share. Equities analysts anticipate that Columbia Property Trust Inc. will post $0.20 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 15th. Stockholders of record on Wednesday, June 1st were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 5.24%. The ex-dividend date was Friday, May 27th.

Other hedge funds and institutional investors have bought and sold shares of the company. Vanguard Group Inc. raised its position in Columbia Property Trust by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 17,055,419 shares of the real estate investment trust’s stock valued at $400,460,000 after buying an additional 299,332 shares during the period. Dimensional Fund Advisors LP raised its position in Columbia Property Trust by 34.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,145,303 shares of the real estate investment trust’s stock valued at $26,893,000 after buying an additional 290,448 shares during the period. Wells Fargo & Company MN raised its position in Columbia Property Trust by 2.1% in the fourth quarter. Wells Fargo & Company MN now owns 542,646 shares of the real estate investment trust’s stock valued at $12,742,000 after buying an additional 11,378 shares during the period. California Public Employees Retirement System raised its position in Columbia Property Trust by 0.5% in the fourth quarter. California Public Employees Retirement System now owns 404,500 shares of the real estate investment trust’s stock valued at $9,498,000 after buying an additional 2,000 shares during the period. Finally, I.G. Investment Management LTD. raised its position in Columbia Property Trust by 0.5% in the fourth quarter. I.G. Investment Management LTD. now owns 398,639 shares of the real estate investment trust’s stock valued at $9,360,000 after buying an additional 1,798 shares during the period.

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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