Columbia Property Trust Inc. (CXP) Shares Sold by Advisors Asset Management Inc.
Advisors Asset Management Inc. reduced its position in Columbia Property Trust Inc. (NYSE:CXP) by 5.5% during the second quarter, Holdings Channel reports. The firm owned 5,940 shares of the real estate investment trust’s stock after selling 347 shares during the period. Advisors Asset Management Inc.’s holdings in Columbia Property Trust were worth $127,000 at the end of the most recent reporting period.
Other institutional investors have also recently modified their holdings of the company. Fuller & Thaler Asset Management Inc. bought a new position in Columbia Property Trust during the second quarter worth $116,000. Quantbot Technologies LP bought a new position in Columbia Property Trust during the second quarter worth $122,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Columbia Property Trust by 8.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,750 shares of the real estate investment trust’s stock worth $123,000 after buying an additional 461 shares during the last quarter. BlackRock Japan Co. Ltd raised its position in Columbia Property Trust by 1.2% in the first quarter. BlackRock Japan Co. Ltd now owns 6,581 shares of the real estate investment trust’s stock worth $145,000 after buying an additional 75 shares during the last quarter. Finally, Nisa Investment Advisors LLC bought a new position in Columbia Property Trust during the second quarter worth $171,000. Institutional investors own 60.60% of the company’s stock.
Shares of Columbia Property Trust Inc. (NYSE:CXP) traded down 0.42% during trading on Friday, hitting $21.38. The company had a trading volume of 1,402,963 shares. Columbia Property Trust Inc. has a 52-week low of $19.34 and a 52-week high of $26.24. The stock’s 50-day moving average is $23.08 and its 200 day moving average is $22.39. The firm has a market capitalization of $2.64 billion, a P/E ratio of 52.92 and a beta of 1.16.
Columbia Property Trust (NYSE:CXP) last issued its earnings results on Thursday, July 28th. The real estate investment trust reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.35. The firm earned $127.93 million during the quarter, compared to the consensus estimate of $127.96 million. Columbia Property Trust had a net margin of 9.58% and a return on equity of 1.95%. The company’s revenue was down 13.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.53 earnings per share. Equities research analysts predict that Columbia Property Trust Inc. will post $0.19 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were paid a dividend of $0.30 per share. The ex-dividend date was Tuesday, August 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.61%. Columbia Property Trust’s payout ratio is currently 300.01%.
Separately, Zacks Investment Research lowered Columbia Property Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, August 23rd. One research 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. The stock presently has an average rating of “Hold” and an average target price of $22.75.
About Columbia Property Trust
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.
Want to see what other hedge funds are holding CXP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Columbia Property Trust Inc. (NYSE:CXP).
Receive News & Ratings for Columbia Property Trust Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Columbia Property Trust Inc. and related companies with MarketBeat.com's FREE daily email newsletter.