Cetera Advisor Networks LLC Buys Shares of 17,941 Columbia Property Trust, Inc. (CXP)

Cetera Advisor Networks LLC bought a new stake in shares of Columbia Property Trust, Inc. (NYSE:CXP) during the third quarter, Holdings Channel reports. The institutional investor bought 17,941 shares of the real estate investment trust’s stock, valued at approximately $402,000.

A number of other large investors have also recently modified their holdings of CXP. Bank of New York Mellon Corp increased its stake in shares of Columbia Property Trust by 56.9% in the third quarter. Bank of New York Mellon Corp now owns 3,037,894 shares of the real estate investment trust’s stock valued at $68,020,000 after buying an additional 1,102,031 shares during the period. BlackRock Fund Advisors increased its stake in shares of Columbia Property Trust by 6.1% in the third quarter. BlackRock Fund Advisors now owns 1,940,104 shares of the real estate investment trust’s stock valued at $43,439,000 after buying an additional 111,879 shares during the period. Morgan Stanley increased its stake in shares of Columbia Property Trust by 39.8% in the third quarter. Morgan Stanley now owns 1,725,650 shares of the real estate investment trust’s stock valued at $38,637,000 after buying an additional 490,989 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Columbia Property Trust by 3.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,337,051 shares of the real estate investment trust’s stock valued at $28,613,000 after buying an additional 44,794 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of Columbia Property Trust by 16.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 984,258 shares of the real estate investment trust’s stock valued at $21,064,000 after buying an additional 135,657 shares during the period. Institutional investors and hedge funds own 62.66% of the company’s stock.

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

Shares of Columbia Property Trust, Inc. (NYSE:CXP) traded up 1.10% on Friday, hitting $23.01. 1,595,367 shares of the stock traded hands. The stock has a market cap of $2.84 billion, a price-to-earnings ratio of 42.69 and a beta of 1.17. The stock has a 50 day moving average price of $21.91 and a 200-day moving average price of $22.25. Columbia Property Trust, Inc. has a 52 week low of $19.34 and a 52 week high of $24.63.

Columbia Property Trust (NYSE:CXP) last released its quarterly earnings results on Thursday, February 9th. The real estate investment trust reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.01. Columbia Property Trust had a net margin of 17.80% and a return on equity of 3.32%. The business had revenue of $105.77 million for the quarter, compared to analysts’ expectations of $109.23 million. During the same period in the previous year, the company earned $0.48 earnings per share. The firm’s revenue for the quarter was down 20.3% compared to the same quarter last year. On average, equities research analysts forecast that Columbia Property Trust, Inc. will post $0.51 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 15th. Investors of record on Wednesday, March 1st will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 3.48%. The ex-dividend date of this dividend is Monday, February 27th. Columbia Property Trust’s dividend payout ratio (DPR) is presently 176.47%.

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Several research analysts have weighed in on CXP shares. Zacks Investment Research cut shares of Columbia Property Trust from a “hold” rating to a “sell” rating in a report on Thursday, December 15th. CIBC raised shares of Columbia Property Trust from a “market perform” rating to an “outperform” rating in a report on Tuesday, January 24th. JMP Securities cut shares of Columbia Property Trust from an “outperform” rating to a “market perform” rating in a report on Monday, January 9th. Oppenheimer Holdings, Inc. raised shares of Columbia Property Trust from a “market perform” rating to an “outperform” rating and set a $26.00 price target on the stock in a report on Tuesday, January 24th. Finally, SunTrust Banks, Inc. started coverage on shares of Columbia Property Trust in a report on Wednesday, December 21st. They issued a “hold” rating and a $21.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. Columbia Property Trust currently has a consensus rating of “Hold” and an average target price of $23.00.

Columbia Property Trust Company Profile

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.

5 Day Chart for NYSE:CXP

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).

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