Columbia Property Trust (NYSE:CXP) was the target of a significant increase in short interest in the month of July. As of July 31st, there was short interest totalling 1,543,600 shares, an increase of 9.1% from the June 30th total of 1,415,300 shares. Approximately 1.3% of the company’s stock are sold short. Based on an average daily volume of 447,900 shares, the days-to-cover ratio is presently 3.4 days.

CXP has been the subject of several recent research reports. Zacks Investment Research raised shares of Columbia Property Trust from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research note on Tuesday, June 11th. BMO Capital Markets set a $23.00 price objective on shares of Columbia Property Trust and gave the company a “buy” rating in a research note on Friday, July 26th.

Shares of NYSE CXP traded up $0.11 during midday trading on Thursday, hitting $21.29. The company’s stock had a trading volume of 331,664 shares, compared to its average volume of 552,360. The company’s fifty day moving average price is $21.18. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.35 and a quick ratio of 2.35. Columbia Property Trust has a 1 year low of $18.08 and a 1 year high of $25.07. The stock has a market capitalization of $2.48 billion, a price-to-earnings ratio of 13.68 and a beta of 0.92.

Columbia Property Trust (NYSE:CXP) last posted its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.06. Columbia Property Trust had a net margin of 21.11% and a return on equity of 2.28%. The business had revenue of $72.73 million during the quarter, compared to analyst estimates of $70.73 million. During the same quarter last year, the firm posted $0.39 earnings per share. The business’s revenue for the quarter was down 3.5% compared to the same quarter last year. As a group, equities analysts forecast that Columbia Property Trust will post 1.42 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Tuesday, September 3rd will be paid a $0.20 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.80 dividend on an annualized basis and a yield of 3.76%. Columbia Property Trust’s dividend payout ratio is currently 51.28%.

A number of institutional investors have recently modified their holdings of CXP. Cohen & Steers Inc. lifted its stake in Columbia Property Trust by 70.1% in the second quarter. Cohen & Steers Inc. now owns 8,205,436 shares of the real estate investment trust’s stock worth $170,181,000 after acquiring an additional 3,382,212 shares during the last quarter. Centersquare Investment Management LLC purchased a new position in Columbia Property Trust in the first quarter worth approximately $61,100,000. Norges Bank purchased a new position in Columbia Property Trust in the fourth quarter worth approximately $27,428,000. Westwood Holdings Group Inc. lifted its stake in Columbia Property Trust by 116.8% in the first quarter. Westwood Holdings Group Inc. now owns 1,443,703 shares of the real estate investment trust’s stock worth $32,498,000 after acquiring an additional 777,814 shares during the last quarter. Finally, Nuveen Asset Management LLC lifted its stake in Columbia Property Trust by 665.5% in the second quarter. Nuveen Asset Management LLC now owns 826,558 shares of the real estate investment trust’s stock worth $17,142,000 after acquiring an additional 718,588 shares during the last quarter. Institutional investors own 74.05% of the company’s stock.

Columbia Property Trust Company Profile

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.

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