Amalgamated Bank increased its stake in shares of Columbia Property Trust, Inc. (NYSE:CXP) by 25.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,201 shares of the real estate investment trust’s stock after buying an additional 4,439 shares during the quarter. Amalgamated Bank’s holdings in Columbia Property Trust were worth $497,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. SG Americas Securities LLC grew its position in Columbia Property Trust by 0.8% during the second quarter. SG Americas Securities LLC now owns 6,839 shares of the real estate investment trust’s stock worth $153,000 after buying an additional 51 shares in the last quarter. Aperio Group LLC grew its position in Columbia Property Trust by 1.7% during the second quarter. Aperio Group LLC now owns 14,666 shares of the real estate investment trust’s stock worth $328,000 after buying an additional 245 shares in the last quarter. Sigma Planning Corp grew its position in Columbia Property Trust by 2.2% during the second quarter. Sigma Planning Corp now owns 13,180 shares of the real estate investment trust’s stock worth $295,000 after buying an additional 281 shares in the last quarter. Tudor Investment Corp ET AL grew its position in Columbia Property Trust by 2.0% during the first quarter. Tudor Investment Corp ET AL now owns 20,807 shares of the real estate investment trust’s stock worth $463,000 after buying an additional 411 shares in the last quarter. Finally, Credit Agricole S A grew its position in Columbia Property Trust by 0.5% during the first quarter. Credit Agricole S A now owns 92,598 shares of the real estate investment trust’s stock worth $2,060,000 after buying an additional 506 shares in the last quarter. 64.84% of the stock is currently owned by institutional investors and hedge funds.

Shares of Columbia Property Trust, Inc. (NYSE:CXP) opened at 21.55 on Thursday. The firm has a market cap of $2.61 billion, a P/E ratio of 18.90 and a beta of 1.17. The firm has a 50 day moving average price of $21.16 and a 200-day moving average price of $21.89. Columbia Property Trust, Inc. has a one year low of $20.27 and a one year high of $23.48.

Columbia Property Trust (NYSE:CXP) last released its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). The firm had revenue of $74.86 million for the quarter, compared to analysts’ expectations of $79.51 million. Columbia Property Trust had a net margin of 37.27% and a return on equity of 5.55%. The firm’s revenue for the quarter was down 41.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.48 earnings per share. Analysts forecast that Columbia Property Trust, Inc. will post $0.07 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.71%. Columbia Property Trust’s dividend payout ratio (DPR) is currently 70.18%.

Columbia Property Trust declared that its board has approved a share repurchase plan on Tuesday, August 8th that permits the company to buyback $200.00 million in shares. This buyback authorization permits the real estate investment trust to repurchase up to 7.7% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

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In other news, Director Thomas G. Wattles purchased 4,700 shares of Columbia Property Trust stock in a transaction dated Tuesday, August 15th. The stock was purchased at an average cost of $21.27 per share, for a total transaction of $99,969.00. Following the transaction, the director now directly owns 21,166 shares of the company’s stock, valued at $450,200.82. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 0.46% of the stock is owned by insiders.

A number of brokerages recently issued reports on CXP. BidaskClub raised Columbia Property Trust from a “strong sell” rating to a “sell” rating in a research report on Thursday, June 22nd. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a $21.00 price target on shares of Columbia Property Trust in a research report on Thursday, June 22nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $23.80.

Columbia Property Trust Company Profile

Columbia Property Trust, Inc operates as a real estate investment trust (REIT), which owns and operates commercial real estate properties. The Company’s primary objective is to generate long-term shareholder returns from a combination of steadily growing cash flows and appreciation in its net asset values, through the acquisition and ownership of office buildings located principally in high-barrier-to-entry markets.

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

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