Daiwa Securities Group Inc. raised its holdings in shares of Columbia Property Trust (NYSE:CXP) by 5.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,700 shares of the real estate investment trust’s stock after purchasing an additional 900 shares during the period. Daiwa Securities Group Inc.’s holdings in Columbia Property Trust were worth $362,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of CXP. Jennison Associates LLC increased its position in shares of Columbia Property Trust by 48.1% in the 3rd quarter. Jennison Associates LLC now owns 2,862,999 shares of the real estate investment trust’s stock valued at $67,681,000 after acquiring an additional 930,179 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Columbia Property Trust by 0.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,901,223 shares of the real estate investment trust’s stock valued at $44,943,000 after acquiring an additional 6,870 shares during the period. Morgan Stanley increased its position in shares of Columbia Property Trust by 7.1% in the 3rd quarter. Morgan Stanley now owns 1,542,710 shares of the real estate investment trust’s stock valued at $36,470,000 after acquiring an additional 102,826 shares during the period. Citadel Advisors LLC increased its position in shares of Columbia Property Trust by 3.3% in the 3rd quarter. Citadel Advisors LLC now owns 1,099,848 shares of the real estate investment trust’s stock valued at $26,000,000 after acquiring an additional 35,017 shares during the period. Finally, Alliancebernstein L.P. increased its position in shares of Columbia Property Trust by 9.0% in the 3rd quarter. Alliancebernstein L.P. now owns 956,074 shares of the real estate investment trust’s stock valued at $22,602,000 after acquiring an additional 78,910 shares during the period. 74.42% of the stock is currently owned by institutional investors and hedge funds.
NYSE:CXP opened at $22.41 on Thursday. Columbia Property Trust has a one year low of $18.08 and a one year high of $25.07. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.19 and a current ratio of 2.19. The firm has a market capitalization of $2.70 billion, a price-to-earnings ratio of 14.71 and a beta of 1.06.
Columbia Property Trust (NYSE:CXP) last posted its quarterly earnings results on Wednesday, February 13th. The real estate investment trust reported $0.04 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.33). Columbia Property Trust had a net margin of 3.19% and a return on equity of 0.34%. The business had revenue of $75.52 million during the quarter, compared to analysts’ expectations of $73.26 million. During the same period in the previous year, the company posted $0.32 earnings per share. Columbia Property Trust’s revenue for the quarter was up 5.4% compared to the same quarter last year. Sell-side analysts anticipate that Columbia Property Trust will post 1.38 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Friday, March 1st will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 3.57%. The ex-dividend date is Thursday, February 28th. Columbia Property Trust’s payout ratio is 51.28%.
Separately, Zacks Investment Research downgraded Columbia Property Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, October 30th.
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About Columbia Property Trust
Columbia Property Trust (NYSE: CXP) owns and operates Class-A office buildings concentrated in New York, San Francisco, and Washington, DC Its portfolio includes 19 properties with approximately nine million square feet. Columbia carries an investment-grade rating from both Moody's and Standard & Poor's.
See Also: Compound Annual Growth Rate (CAGR)
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