Royal Bank of Canada trimmed its stake in shares of Columbia Property Trust (NYSE:CXP) by 1.2% during the first quarter, HoldingsChannel.com reports. The firm owned 1,285,565 shares of the real estate investment trust’s stock after selling 15,239 shares during the quarter. Royal Bank of Canada’s holdings in Columbia Property Trust were worth $16,069,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in CXP. Marshall Wace North America L.P. bought a new stake in shares of Columbia Property Trust during the 1st quarter valued at $25,000. Rhumbline Advisers raised its stake in shares of Columbia Property Trust by 7.4% during the 4th quarter. Rhumbline Advisers now owns 117,524 shares of the real estate investment trust’s stock valued at $2,457,000 after purchasing an additional 8,093 shares during the period. American International Group Inc. raised its stake in shares of Columbia Property Trust by 378.5% during the 4th quarter. American International Group Inc. now owns 9,019 shares of the real estate investment trust’s stock valued at $189,000 after purchasing an additional 7,134 shares during the period. Victory Capital Management Inc. raised its stake in shares of Columbia Property Trust by 9.6% during the 4th quarter. Victory Capital Management Inc. now owns 23,076 shares of the real estate investment trust’s stock valued at $483,000 after purchasing an additional 2,030 shares during the period. Finally, PNC Financial Services Group Inc. raised its stake in shares of Columbia Property Trust by 8.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 9,193 shares of the real estate investment trust’s stock valued at $192,000 after purchasing an additional 724 shares during the period. Institutional investors own 80.31% of the company’s stock.

CXP opened at $12.45 on Friday. The stock has a 50-day moving average price of $13.37 and a 200-day moving average price of $16.75. Columbia Property Trust has a 12-month low of $7.63 and a 12-month high of $22.71. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $1.52 billion, a P/E ratio of 132.51 and a beta of 1.17.

Columbia Property Trust (NYSE:CXP) last posted its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.05. Columbia Property Trust had a return on equity of 0.45% and a net margin of 4.13%. The firm had revenue of $76.25 million during the quarter, compared to analysts’ expectations of $71.06 million. During the same period in the prior year, the business earned $0.38 EPS. The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. On average, equities research analysts predict that Columbia Property Trust will post 1.46 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 16th. Stockholders of record on Monday, June 1st were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 6.75%. The ex-dividend date was Friday, May 29th. Columbia Property Trust’s payout ratio is currently 56.00%.

A number of analysts recently issued reports on the company. Goldman Sachs Group upgraded Columbia Property Trust from a “neutral” rating to a “buy” rating in a research note on Thursday, April 2nd. ValuEngine lowered Columbia Property Trust from a “hold” rating to a “sell” rating in a research note on Thursday, April 2nd. TheStreet lowered Columbia Property Trust from a “c-” rating to a “d+” rating in a research note on Wednesday, March 25th. Morgan Stanley decreased their target price on Columbia Property Trust from $14.50 to $13.50 and set an “equal weight” rating on the stock in a research note on Wednesday. Finally, Zacks Investment Research lowered Columbia Property Trust from a “buy” rating to a “hold” rating in a research note on Friday, June 5th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. Columbia Property Trust presently has an average rating of “Hold” and a consensus price target of $20.25.

Columbia Property Trust 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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Institutional Ownership by Quarter for Columbia Property Trust (NYSE:CXP)

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