OxFORD Asset Management LLP Purchases New Holdings in Columbia Property Trust, Inc. (CXP)
OxFORD Asset Management LLP purchased a new stake in Columbia Property Trust, Inc. (NYSE:CXP) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 62,490 shares of the real estate investment trust’s stock, valued at approximately $1,339,000. OxFORD Asset Management LLP owned approximately 0.05% of Columbia Property Trust as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Ameriprise Financial Inc. increased its holdings in shares of Columbia Property Trust by 39.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 238,090 shares of the real estate investment trust’s stock valued at $5,328,000 after purchasing an additional 67,250 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of Columbia Property Trust in the 2nd quarter valued at about $9,026,000. Legal & General Group Plc increased its holdings in shares of Columbia Property Trust by 3.0% in the 2nd quarter. Legal & General Group Plc now owns 414,630 shares of the real estate investment trust’s stock valued at $9,278,000 after purchasing an additional 12,065 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Columbia Property Trust by 2.6% in the 2nd quarter. BlackRock Inc. now owns 8,281,850 shares of the real estate investment trust’s stock valued at $185,346,000 after purchasing an additional 208,882 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Columbia Property Trust by 2.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,475,313 shares of the real estate investment trust’s stock valued at $77,778,000 after purchasing an additional 88,567 shares in the last quarter. Institutional investors and hedge funds own 67.39% of the company’s stock.
Columbia Property Trust, Inc. (CXP) opened at $23.16 on Tuesday. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.52. Columbia Property Trust, Inc. has a twelve month low of $20.37 and a twelve month high of $23.48. The firm has a market cap of $2,756.68, a PE ratio of 19.34 and a beta of 1.17.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Friday, December 1st will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.80 annualized dividend and a yield of 3.45%. Columbia Property Trust’s dividend payout ratio (DPR) is currently 47.62%.
A number of equities analysts have recently issued reports on the stock. Morgan Stanley reiterated an “equal weight” rating and issued a $22.00 price target on shares of Columbia Property Trust in a report on Thursday, December 14th. JMP Securities upgraded shares of Columbia Property Trust from a “market perform” rating to an “outperform” rating and set a $26.00 price target for the company in a report on Monday, October 30th. Finally, Zacks Investment Research upgraded shares of Columbia Property Trust from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a report on Wednesday, November 22nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. Columbia Property Trust currently has an average rating of “Buy” and an average target price of $24.13.
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Columbia Property Trust 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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