People s United Financial Inc. reduced its holdings in Columbia Property Trust, Inc. (NYSE:CXP) by 2.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,742 shares of the real estate investment trust’s stock after selling 804 shares during the period. People s United Financial Inc.’s holdings in Columbia Property Trust were worth $800,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of Columbia Property Trust in the second quarter worth about $9,026,000. Legal & General Group Plc lifted its stake in shares of Columbia Property Trust by 3.0% in the second quarter. Legal & General Group Plc now owns 414,630 shares of the real estate investment trust’s stock worth $9,278,000 after buying an additional 12,065 shares in the last quarter. California Public Employees Retirement System lifted its stake in shares of Columbia Property Trust by 5.4% in the first quarter. California Public Employees Retirement System now owns 416,700 shares of the real estate investment trust’s stock worth $9,272,000 after buying an additional 21,200 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Columbia Property Trust by 2.6% in the second quarter. Bank of New York Mellon Corp now owns 3,475,313 shares of the real estate investment trust’s stock worth $77,778,000 after buying an additional 88,567 shares in the last quarter. Finally, Sei Investments Co. lifted its stake in shares of Columbia Property Trust by 31.1% in the second quarter. Sei Investments Co. now owns 58,615 shares of the real estate investment trust’s stock worth $1,311,000 after buying an additional 13,894 shares in the last quarter. 64.84% of the stock is currently owned by hedge funds and other institutional investors.

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In other news, Director Thomas G. Wattles bought 4,700 shares of Columbia Property Trust stock in a transaction on Tuesday, August 15th. The shares were bought at an average cost of $21.27 per share, for a total transaction of $99,969.00. Following the acquisition, the director now owns 21,166 shares in the company, valued at $450,200.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.46% of the stock is currently owned by corporate insiders.

Columbia Property Trust, Inc. (NYSE CXP) opened at 21.55 on Thursday. The firm’s 50-day moving average is $21.16 and its 200-day moving average is $21.89. Columbia Property Trust, Inc. has a 52 week low of $20.27 and a 52 week high of $23.48. The stock has a market capitalization of $2.61 billion, a P/E ratio of 18.90 and a beta of 1.17.

Columbia Property Trust (NYSE:CXP) last released its earnings results on Thursday, July 27th. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.01). The firm had revenue of $74.86 million during 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%. Columbia Property Trust’s revenue for the quarter was down 41.5% on a year-over-year basis. During the same quarter last year, the company posted $0.48 earnings per share. On average, equities research analysts predict that Columbia Property Trust, Inc. will post $0.07 EPS for the current fiscal year.

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

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

CXP has been the topic of several research reports. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a $21.00 price target on shares of Columbia Property Trust in a research note on Thursday, June 22nd. BidaskClub raised shares of Columbia Property Trust from a “strong sell” rating to a “sell” rating in a research note on Thursday, June 22nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $23.80.

About Columbia Property Trust

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.

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

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